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Property profile & analytics
OFF-MARKET
Estimated value
$4,250,000
Office buildings
2100 Corporate Dr Addison, IL 60101-1446
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0038789
Property summary
AI-generated overview
This exceptional 10,880 square foot flex space, part of a larger 39,050 square foot building at 2100 Corporate Drive, presents a unique opportunity. Located in a M-4 (Planned Office/Research/Industrial) zoned area, the property boasts high visibility and excellent retail exposure, making it ideal for a variety of businesses. Built in 1989 and extensively renovated in 2024, this single-story building features a new roof and parking lot, along with substantial interior upgrades. The space includes 16.5-foot ceilings, one drive-in door for convenient loading, and 38 total parking spaces. The property offers 100% air-conditioned space and allows for building signage. Landlords are open to automotive, recreational, and retail uses, subject to credit and municipal approvals. The minimum divisible space is 10,880 square feet, with a total of 200 Amps of power available. This property is perfect for businesses seeking a modern, well-maintained space with high visibility and ample parking. The property is multi-tenant.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
39,350 SF
Lot
3.7 ac (161,172 SF)
Zoning code
I
APN
02-25-103-037
UPID
US28-0038789
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.60M
Blend (final)
Blend
$4.25M
Owner & transaction history
Hmc Chp 2100 Corporate LLC · 2 yrs held
Hmc Chp 2100 Corporate LLC
since 2024
Last sale
$4.3M
6 recorded transactions
Zoning & alternative use
I · Addison, 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 Addison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Addison 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
$4,250,000
ML approach
$4,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,055,000
Current use
Blend value · Realmo final
$4.25M
Range $3.83M – $4.68M · ±10% · vs last sale $4.25M (May 3 2024)
Last sale anchor
$4.25M
May 3 2024
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
$108 / 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
$82,451
Tax year 2023
Assessed value
$833,330
Assessed 2023
Previous assessed
$1,196,980
-30.4% YoY
Effective rate
9.89%
On assessed value
Assessed land
$389,560
Assessed improvement
$443,770
Land market value
$1,168,680
Improvement market value
$1,331,310
Total market value
$2,499,990
Applied tax rate
2,056.0000
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
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
39,350 SF
Lot
3.7 ac (161,172 SF)
Zoning code
I
APN
02-25-103-037
UPID
US28-0038789
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Addison, IL
Zoning I · permitted uses
I · Addison, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Addison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.1M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
3.7 ac
Current owner
From public records · entity-resolved
Hmc Chp 2100 Corporate LLC
Entity
Mailing address
2625 BUTTERFIELD RD STE 213W, OAK BROOK, IL 60523-1205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
$4,250,000
Hmc Chp 2100 Corporate LLC
2100 Corporate Drive LLC
Special Warranty Deed
$33,025,000 · Webster Bank NA
Feb 22, 2022
$2,500,000
2100 Corporate Drive LLC
Colfin Cobalt I II Owner LLC
Special Warranty Deed
$3,595,000 · Hometrust Bank
Dec 16, 2019
—
Colfin Cobalt I-ii Owner LLC
—
Grant Deed
related
—
Dec 30, 2014
$5,350,500
Colfin Cobalt I-ii Owner LLC
Cobalt Industrial Reit II
Grant Deed
$1,132,750,000 · General Elec Cap
Feb 20, 2007
$5,800,000
Cobalt Industrial Reit II
Wsi2100 Corporate IV LLC
Grant Deed
$45,250,000 · Ing Life Ins & Annunity Co
Mar 2, 2005
$5,200,000
Wsi 2100 Corporate IV LLC
2100 Corporate Drive Assocs
Grant Deed
—
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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