Property profile

2001 Midwest Rd Oak Brook, IL 60523

FOR LEASE
Office buildings
Property ID
US28-5745178
49,804 SF 1.89 ac lot Built 1980
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional three-story office building at 2001 Midwest Road in Oak Brook, Illinois, offers a variety of flexible office spaces to suit diverse business needs. The building totals 47,671 square feet and is classified as Class B. Multiple tenancy options are available, with spaces ranging from a minimum of 1,040 square feet to a maximum contiguous space of 4,774 square feet. Currently, 12,463 square feet of space is vacant and ready for immediate occupancy. The building's convenient location on Midwest Road, between 22nd Street and Butterfield Road, provides easy access to major interstate highways. A significant advantage is the presence of a large conference room, ideal for corporate training sessions or other large gatherings. The surrounding area boasts a wide selection of dining options, including both fast-casual and full-service restaurants, catering to the convenience of tenants and their employees. This property presents a compelling opportunity for businesses seeking a well-located, functional, and adaptable office space in the thriving Oak Brook market. The zip code is 60523.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 49,804 SF
Lot 1.89 ac (82,328 SF)
Zoning code C
APN 06-22-303-039
UPID US28-5745178

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
  • Film Production Television Studio
  • Film Production Television Studio
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Physician Medical Clinic
  • Law Firm

Location

2001 Midwest Rd Oak Brook, IL 60523
Oak Brook metro Census 844501 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.59M
Blend (final) Blend
$985k

Owner & transaction history

since 2017
5 recorded transactions
2017
Price N/A
2006
Price N/A
2004
$10.5M
1998
$7.9M
1969
Price N/A

Zoning & alternative use

C · Oak Brook, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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