Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9009 Ogden Ave Brookfield, IL 60513
    Back to Search
    Property profile & analytics

    9009 Ogden Ave, Brookfield, IL 60513

    View on Map
    • Banks
    • 0.53 lot acres
    For Sale
    $8,000,000
    View Listing →
    Fully Leased Citibank Building For Sale
    $8,000,000
    18,063 SF

    Fully Leased Citibank Building

    18,063 SF building leased to Citibank through 2034.

    9009 Ogden Ave, Brookfield, IL 60513
    View Listing
    Property ID
    US28-1311071
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Citibank ATM / Atm
    • Citi / Bank / Loan Service

    Property Details for 9009 Ogden Ave

    Year built
    1960
    Lot size
    0.53 lot acres
    Property type
    Banks
    APN
    18-03-218-064
    APU
    1803218064

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 30, 2018 — USA 786 LLC — Grant Deed · related $2.3M · First Green Bk
    Oct 26, 2017 $3,600,000 USA 786 LLC Cp Sunshine 2 LLC Grant Deed —
    Mar 31, 2015 $5,383,500 Cp Sunshine 2 LLC Citibank NA Grant Deed $21M · Starwood Property Mortgage Bc

    Description

    This exceptional investment opportunity presents a fully leased, 18,063-square-foot bank building located at 9009 Ogden Avenue in Brookfield, Illinois. The property boasts a strong, long-term lease with a national credit tenant, extending through 2034, with two five-year renewal options commencing in 2035. The current lease features a 5.7% cap rate, projected to increase to 6.7% due to a 2% annual rent escalation clause. This single-tenant building offers 100% occupancy and is situated on a double corner lot, providing excellent visibility and accessibility. A separate drive-thru parcel is also included. The property features ample parking and is conveniently located within walking distance of both the Metra Brookfield and Congress Park stations. The building, designed by a student of Frank Lloyd Wright, is a landmark in the community. The Cook County property (APN 18-03-218-064-0000) is zoned for commercial use. The asking price is $8,000,000, translating to a price per square foot of $442.89. This represents a secure investment with a tenant boasting a Moody's rating of Aa3 (stable) and over $2 trillion in assets. An offering memorandum is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Cook
    State
    Illinois
    Longitude
    -87.8473
    Latitude
    41.8165
    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
    2022
    $142,201
    $86,677
    $308,362
    $395,039
    -
    $346,708
    $1,233,448
    $1,580,156

    Comparable in this City

    • Value Estimation by Request
      0.83 Acres

      9136 Washington Ave

      FINANCIAL BUILDING
      9136 Washington Ave, Brookfield, IL 60513-1346
      View Details
    • Value Estimation by Request
      0.07 Acres

      9408 47th St

      STORE, RETAIL OUTLET
      9408 47th St, Brookfield, IL 60513-2828
      View Details
    • Value Estimation by Request
      0.07 Acres

      9500 47th St

      RETAIL STORES (PERSONAL SERVICES)
      9500 47th St, Brookfield, IL 60513-2236
      View Details
    • Value Estimation by Request
      0.33 Acres

      9216 47th St

      RETAIL STORES (PERSONAL SERVICES)
      9216 47th St, Brookfield, IL 60513-2319
      View Details
    • Value Estimation by Request
      0.07 Acres

      9500 47th St

      RETAIL STORES (PERSONAL SERVICES)
      9500 47th St, Brookfield, IL 60513-2236
      View Details
    • Value Estimation by Request
      0.07 Acres

      9217 Broadway Ave

      RETAIL STORES (PERSONAL SERVICES)
      9217 Broadway Ave, Brookfield, IL 60513-1378
      View Details

    Similar Nearby for Sale

    • $8,000,000

      Long-Term Tenant, Landmark Building

      Tenant renewed lease through 2034, near Metra stations.
      9009 Ogden Ave, Brookfield, IL 60513
      View Details
    • Contact for pricing
      18,063 SF

      Fully Leased Citibank Building

      18,063 SF building leased to Citibank through 2034.
      9009 Ogden Ave, Brookfield, IL 60513
      View Details
    • Contact for pricing
      6,900 SF

      Brookfield Multifamily with Rental Income

      Multifamily property in Brookfield with rental income potential.
      8919 Burlington Ave, Brookfield, IL 60513
      View Details
    • Contact for pricing
      3,660 SF

      Retail Space with Apartments

      Retail space with apartments and parking in Brookfield, Illinois.
      8828 Ogden Ave, Brookfield, IL 60513
      View Details
    • Contact for pricing

      Brookfield Mixed-Use Retail Opportunity

      Located in Brookfield's TIF District, suitable for retail or mixed-use.
      3740 Grand Blvd, Brookfield, IL 60513
      View Details
    • $629,900

      Brookfield All Brick Multi-Family

      All brick multi-family property in Brookfield, Illinois.
      4420 Vernon Ave, Brookfield, IL 60513
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Ogden Avenue Retail/Industrial Space

      2,043 SF retail or industrial space for lease.
      8943 Ogden Ave, Brookfield, IL 60513
      View Details
    • Contact for pricing

      Brookfield Industrial Space Available

      Industrial space available in Brookfield, featuring 4,000 SqFt.
      8844 47Th St, Brookfield, IL 60513
      View Details
    • Contact for pricing
      4,100 SF

      Brookfield Warehouse Space For Rent

      Industrial warehouse space with I-55 access and 47th Street exposure.
      8854 47Th St, Brookfield, IL 60513
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9009 Ogden Ave
    Brookfield, IL 60513
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9009 Ogden Ave, Brookfield, IL, 60513
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!