1333 Burr Rdg PkwyBurr Ridge, IL 60527

Property Details for 1333 Burr Rdg Pkwy

Year built

1993

Lot size

10.18 AC

Property type

Office buildings

APN

18-30-300-024

APU

1830300024

Description

This exceptional Class A office property, located at 1333 Burr Ridge Pkwy Suite 200, Burr Ridge, IL 60527, offers a diverse range of workspace solutions. The 14,163 square foot building features 350 suites, with a current vacancy of 5,970 square feet, allowing for flexible leasing options ranging from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet. The building, renovated in 2019, boasts amenities including elevators and secure underground parking. Its location in DuPage County provides excellent access to Chicago's industrial corridor via expressway connections. The property's park-like setting offers inspiring views and a tranquil atmosphere, complemented by business lounges, videoconferencing facilities, and a granite outdoor seating area perfect for breaks or informal meetings. The building caters to various business needs, encompassing executive office, coworking, and creative office spaces, making it ideal for a wide range of tenants. Its proximity to downtown Chicago also provides easy access to the city's many attractions, making it a convenient location for both business and leisure. This is a truly unique opportunity to secure premium office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $133,483,064

  6.5%

  $123,215,136

  7%

  $114,414,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,758,192

  Geo Method

  $57,758,192

• Alternative Use

  Use

  Valuation

  Residential

  $152,786,768

  Hospitality

  $139,951,856

  Educational

  $116,438,304

  Medical

  $120,442,800

  Retail

  $181,126,256

Location Insight

City

Burr Ridge

County

Cook

State

Illinois

Latitude

41.7569

Longitude

-87.9116

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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