199 Addison Rd Wood Dale, IL 60191-1929
Property profile & analytics
199 Addison Rd Wood Dale, IL 60191-1929
- Commercial real estate
- 27,936 SF
- 3.38 lot acres
Property ID
US28-5715381
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
- Federal Student Loan Relief / Bank / Credit Union
- Michael Mcauliffe / Alternative Medicine Practice
- Nicholas Schmidlkofer / Alternative Medicine Practice
- Federal Tax Relief, Inc. / Tax Preparation
- Ketoret Capital / Financial Advisor
Property Details for 199 Addison Rd
- Year built
- 1981
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.38 lot acres
- Property size
- 27,936 SF
- Zone code
- C
- Property type
- Commercial real estate
- APN
- 03-16-401-007
- APU
- 316401007
Description
This exceptional 30,000 square foot executive office building at 199 Addison Road in Wood Dale, Illinois, presents a compelling investment opportunity. Currently boasting 81.75% occupancy, the property offers a strong 8.50% capitalization rate with a projected Net Operating Income (NOI) of $245,000 in 2024. The building features two units, each offering unique advantages. Unit 107A is fully furnished, providing immediate income potential, while Unit 108 benefits from a completed medical build-out, ideal for a healthcare professional or related business. Both units provide private office suites, private entrances, and self-controlled heating and air conditioning, enhancing tenant comfort and control. The property also includes abundant parking, a significant benefit in this location. Its strategic location offers easy access to major roadways, including Routes 290 and 83, ensuring convenient commutes for tenants and clients. The building is professionally managed, minimizing operational concerns for the owner. The property's current occupancy level presents a clear value-add opportunity through leasing the remaining vacant space. This is a rare chance to acquire a well-maintained, strategically located executive office building with significant upside potential in the thriving DuPage County market. The asking price is $2,800,000. The lease type is modified, and the tenancy is multi-tenant. The property is located in Wood Dale, IL, zip code 60191.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,680,000
- ML approach
- $2,600,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,647,000
Market price range: $1.79M - $5.64M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wood Dale
- County
- Dupage
- State
- Illinois
- Longitude
- -87.988
- Latitude
- 41.9526
- 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
$73,965
$680,590
$305,550
$986,140
-
$2,041,770
$916,650
$2,958,420
