Property profile

1815 Meyers Rd Oakbrook Terrace, IL 60181

OFF-MARKET
Commercial land
Property ID
US28-3062443
1.58 ac lot
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office building, Oakbrook Terrace Corporate Center III, offers a prestigious location in Oakbrook Terrace, Illinois, within DuPage County. The single-story structure boasts a substantial 232,052 square feet of total space, providing a range of office suite sizes from 1,029 square feet to 22,187 square feet. Currently, twelve spaces are available for lease. The building features impressive floor plates of approximately 22,000 square feet, many offering up to ten corner offices per floor, maximizing natural light and views. A striking architectural element is the ten-story atrium and large pyramid-shaped skylight, which floods the building with natural light, creating a bright and inviting work environment. The property is ideally suited for businesses seeking executive office space or traditional office layouts, catering to multiple tenants. Its prime location in Oakbrook Terrace, with the address 1815 S Meyers Rd, zip code 60181, provides easy access to major transportation routes and amenities. This is a rare opportunity to secure high-quality office space in a highly sought-after location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.58 ac (68,825 SF)
Zoning code C
APN 06-21-308-018
UPID US28-3062443

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Loan Service Bank
  • Architect
  • Advertising Agency Marketing & Advertising
  • Loan Service Bank

Location

1815 Meyers Rd Oakbrook Terrace, IL 60181-5225
Oakbrook Terrace metro Census 844306 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2016
5 recorded transactions
2016
$26,175
2005
Price N/A
2005
$25.7M
2004
Price N/A
1969
Price N/A

Zoning & alternative use

C · Oakbrook Terrace, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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