1150 22nd St Oak Brook, IL 60523-2182
Property profile & analytics
1150 22nd St Oak Brook, IL 60523-2182
- Retail space
- 6,152 SF
- 0.31 lot acres
Property ID
US28-5325942
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.
Location Intelligence
Current Use by Public Records
- Diamonds Direct Oak Brook / (Bike/Boat/Book/etc) Store
Property Details for 1150 22nd St
- Year built
- 2023
- Lot size
- 0.31 lot acres
- Property size
- 6,152 SF
- Property type
- Retail space
- APN
- 06-23-406-024
- APU
- 623406024
Description
This exceptional investment opportunity presents a brand-new, 6,000-square-foot storefront occupied by Diamonds Direct under a 15.1-year net lease (NNN ground lease) with 13.8 years remaining. Located at 1150 W 22nd St, Oak Brook, IL 60523, this single-tenant building boasts a prime corner location on a high-traffic intersection with over 138,000 vehicles passing daily. The property is situated within the prestigious Oak Brook Commons development, across from Oakbrook Center, a major shopping destination attracting over 25 million visitors annually and generating over $1 billion in spending. The surrounding area features upscale neighbors including Fogo de Chão, Alter Brewing, and Gibsons Bar & Steakhouse, further enhancing the property's desirability. Built in 2023, the property sits on a 0.31-acre lot and includes 15 parking spaces. The lease commenced August 12, 2023, and expires August 31, 2038, with three 5-year renewal options. Rent increases are structured with a 10% bump every five years, providing inflation protection. The property offers a 6.00% cap rate, a $385,000 net operating income (NOI), and is priced at $6,417,000 ($1,069.50 per square foot). The tenant, Diamonds Direct, is credit-rated, ensuring a secure investment. This high-visibility location, coupled with strong demographics (average household income of $156,431 and over 141,100 daytime population within a three-mile radius), makes this a truly exceptional passive investment opportunity. The property's County Use Code is C. The APN is 06-23-406-024.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,385,000
- ML approach
- $5,930,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Oak Brook
- County
- Dupage
- State
- Illinois
- Longitude
- -87.9459
- Latitude
- 41.8475
- 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
$7,844
$101,020
$77,140
$178,160
-
$303,060
$231,420
$534,480
