814 Commerce Dr Oak Brook, IL 60523
- Office buildings
- 179,353 SF
- 7.46 lot acres
Current Use by Public Records
- LAUNCH TransTechs / Employment Agency
- LAUNCH Technical Workforce Solutions, LLC / Employment Agency
- IRC Retail Centers / Commercial Real Estate Agency
- Well-Rooted Pediatrics / Pediatrician
- Pine Tree / Commercial Real Estate Agency / Construction Company
Property Details for 814 Commerce Dr
- Year built
- 1971
- Lot size
- 7.46 lot acres
- Property size
- 179,353 SF
- Zone code
- C
- Property type
- Office buildings
- APN
- 06-23-404-022
- APU
- 623404022
Description
814 Commerce Drive in Oak Brook, Illinois, presents a unique opportunity to lease exceptional office space. This three-story, Class B building, totaling 173,017 square feet, sits on a 7.46-acre lot and offers multiple tenancy options. Currently, two suites are available, ranging from 18,690 to 26,102 square feet. Built in 1990 and extensively renovated in 2020, the property boasts a refreshed lobby with comfortable seating, upgraded HVAC systems, and improved parking deck facilities. The building is zoned ORA-1, Oak Brook, within DuPage County. Its prime location, just north of 22nd Street and east of Route 83, provides unparalleled convenience. Located one block east of the Oakbrook Center mall, tenants will enjoy easy access to a wide array of amenities, including numerous restaurants, shopping options, daycare centers, hotels, recreational facilities, and a variety of business services. This property offers a blend of executive, creative, and traditional office spaces, catering to diverse business needs. The building's modern updates and strategic location make it an ideal choice for businesses seeking a prestigious and functional workspace in the heart of Oak Brook. The available suites provide ample space for expansion and growth, making this an exceptional opportunity for companies of all sizes.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $15,465,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $11,535,000
- 6.5%
- $11,935,000
- 7%
- $11,610,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $11,960,000
- Geo Method
- $12,885,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $14,420,000
- Retail
- $11,290,000
- Mixed-Use
- $12,535,000
- Hospitality
- $11,265,000
- Educational
- $14,915,000
- Residential Income
- $12,145,000
- Energy
- $13,990,000
- Income-Based Land
- $12,465,000
- Food Service
- $10,890,000
Location Insight
- Map
- Local Demand
- City
- Oak Brook
- County
- Dupage
- State
- Illinois
- Longitude
- -87.941
- Latitude
- 41.8515
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA