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Property profile & analytics
FOR LEASE
Office buildings
2001 Midwest Rd Oak Brook, IL 60523
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-5745178
For Lease
1 / 4
$17 SF/Yr
2001 Midwest Rd, Oak Brook, IL 60523
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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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
International Video Film Production Television Studio
-
Digital Realm Inc Film Production Television Studio
-
michaels, ross & cole, ltd (mrc) (Bike/Boat/Book/etc) Store Corporate Office
-
The Self Empowerment Center Physician Medical Clinic
-
Fournier Law Firm, Ltd. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.59M
Blend (final)
Blend
$5.42M
Owner & transaction history
Oakbrook Pbr II LLC · 9 yrs held
Oakbrook Pbr II LLC
since 2017
5 recorded transactions
Zoning & alternative use
C · Oak Brook, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oak Brook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Brook submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.42M
Range $4.88M – $5.96M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$109 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$53,086
Tax year 2023
Assessed value
$1,167,860
Assessed 2023
Previous assessed
$1,098,630
+6.3% YoY
Effective rate
4.55%
On assessed value
Assessed land
$615,360
Assessed improvement
$552,500
Land market value
$1,846,080
Improvement market value
$1,657,500
Total market value
$3,503,580
Applied tax rate
6,111.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1980
Heating
NONE
Total area
49,804 SF
Lot
1.89 ac (82,328 SF)
Zoning code
C
APN
06-22-303-039
UPID
US28-5745178
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Oak Brook, IL
Zoning C · permitted uses
C · Oak Brook, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Brook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Lot
1.89 ac
Current owner
From public records · entity-resolved
Oakbrook Pbr II LLC
Entity
Free & Clear · 9 yrs held
Mailing address
411 E ILLINOIS ST STE #80, CHICAGO, IL 60611-4317
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2017
—
Oakbrook Pbr II LLC
Oakbrook Pbr LLC
Quit Claim Deed
related
—
May 2, 2006
—
Oakbrook Pbr LLC
American Heritage Invs LLC
Grant Deed
$9,800,000 · Pnc Bank
Nov 1, 2004
$10,500,000
American Heritage Inv LLC
Smii Midwest Plaza LLC
Grant Deed
—
Aug 24, 1998
$7,893,000
Smii Midwest Plaza LLC
American Nat'l Bk&tr Chgo Ttee
Grant Deed
—
—
—
Oakbrook Pbr LLC
—
Deed Of Trust
related
$8,250,000 · Northern Tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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