Property profile

1919 Midwest Rd Oak Brook, IL 60523

FOR LEASE
Office buildings
Property ID
US28-2562002
16,200 SF 1.04 ac lot Built 1978
Entity Owned 7-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional medical office building, located at 1919 Midwest Road in Oak Brook, Illinois, presents a unique leasing opportunity. The property boasts a total of 16,540 square feet, with 9,000 square feet currently available for lease. The building is zoned B-2 within Oak Brook's thriving business district in DuPage County, offering excellent visibility and accessibility. The property sits on a 0.95-acre lot and provides ample parking for tenants and their clients. The building's configuration allows for multiple tenancies, making it ideal for a variety of medical practices or related businesses. The spacious layout offers flexibility for customization to meet individual needs. This prime location in Oak Brook, zip code 60523, provides easy access to major transportation routes and a wealth of amenities. The building is well-maintained and ready for immediate occupancy. Serious inquiries are encouraged to explore this outstanding opportunity to establish or expand a medical practice in a highly desirable location. The available space is perfect for practices seeking expansion or new businesses looking for a well-established location. Don't miss this chance to secure your ideal medical office space in the heart of Oak Brook.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Total area 16,200 SF
Lot 1.04 ac (45,302 SF)
Zoning code C
APN 06-22-303-042
UPID US28-2562002

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
  • Physician
  • Physician
  • Medical Clinic Alternative Medicine Practice
  • Physician
  • Association Or Organization

Location

1919 Midwest Rd Oak Brook, IL 60523
Oak Brook metro Census 844501 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$575k

Owner & transaction history

since 2018
3 recorded transactions
2018
$1.9M
2004
Price N/A
1969
Price N/A

Zoning & alternative use

C · Oak Brook, IL
Top alternative use upside
Medical building $3.7M +7.4%
Retail stores $3.5M +2.8%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message