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    450 22Nd St Lombard, IL 60148

    • Office buildings
    • 68,388 SF
    • 3.49 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimation
    $14,475,000
    Last Sale
    Aug 07, 2023
    $15,000,000
    Location Intelligence
    Property ID
    US28-1082873
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 450 22Nd St

    Year built
    1984
    Lot size
    3.49 lot acres
    Property size
    68,388 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    06-20-307-018
    APU
    620307018

    Description

    This exceptional Lombard, Illinois office property, located at 450 E. 22nd Street, offers a variety of flexible spaces ideal for businesses of all sizes. The building totals 66,000 square feet and features both traditional and executive office suites. Multiple tenancy options are available, with a minimum divisible space of 1,986 square feet and a maximum contiguous space of 4,282 square feet. Currently, there are 6,268 square feet of vacant space ready for immediate occupancy. The property is situated in DuPage County, offering easy access to major transportation routes and amenities. This is a fantastic opportunity to secure high-quality office space in a desirable location. The address is 450 E 22nd St, Lombard, IL 60148. The property is classified as a Traditional Office and Executive Office space, making it suitable for a wide range of professional businesses. The building's location in Lombard provides access to a thriving business community and a strong local workforce. Contact us today to schedule a viewing and explore the possibilities for your business. This is a rare opportunity to lease premium office space in a highly sought-after area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $14,440,000

    • CAP approach

      CAP return
      Estimation
      6%
      $13,735,000
      6.5%
      $13,685,000
      7%
      $15,270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $17,195,000
      Geo Method
      $13,815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $16,040,000
      Retail
      $12,915,000
      Mixed-Use
      $12,760,000
      Hospitality
      $16,645,000
      Educational
      $16,775,000
      Residential Income
      $13,025,000
      Energy
      $13,475,000
      Income-Based Land
      $15,125,000
      Food Service
      $15,280,000

    Location Insight

    • Map
    • Local Demand
    City
    Lombard
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0052
    Latitude
    41.8464
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $118,539
    $455,540
    $1,018,550
    $1,474,090
    -
    $1,366,620
    $3,055,650
    $4,422,270

    Comparable in this City

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      665 Wn Ave

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    • Value Estimation
      $340,000
      1,430 SF

      229 Main St Ste, Unit 1

      OFFICE BUILDING • 1,430 SF
      229 Main St Ste, Lombard, IL 60148-2734
      View Details
    • Value Estimation
      $475,000
      496 SF

      2500 Highland Ave Ste, Unit 101

      OFFICE BUILDING • 496 SF
      2500 Highland Ave Ste, Lombard, IL 60148-5381
      View Details
    • Value Estimation
      $265,000
      1,166 SF

      101 22nd St Ste, Unit 101

      OFFICE BUILDING • 1,166 SF
      101 22nd St Ste, Lombard, IL 60148-4997
      View Details

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    450 22Nd St
    Lombard, IL 60148
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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