814 Commerce DrOak Brook, IL 60523

Property Details for 814 Commerce Dr

Year built

1971

Lot size

7.46 AC

Property size (Sq ft)

179,353 SF

Zone code

C

Property type

Office buildings

APN

06-23-404-022

APU

623404022

Description

814 Commerce Drive in Oak Brook, Illinois, presents a unique opportunity to lease exceptional office space. This three-story, Class B building, totaling 173,017 square feet, sits on a 7.46-acre lot and offers multiple tenancy options. Currently, two suites are available, ranging from 18,690 to 26,102 square feet. Built in 1990 and extensively renovated in 2020, the property boasts a refreshed lobby with comfortable seating, upgraded HVAC systems, and improved parking deck facilities. The building is zoned ORA-1, Oak Brook, within DuPage County. Its prime location, just north of 22nd Street and east of Route 83, provides unparalleled convenience. Located one block east of the Oakbrook Center mall, tenants will enjoy easy access to a wide array of amenities, including numerous restaurants, shopping options, daycare centers, hotels, recreational facilities, and a variety of business services. This property offers a blend of executive, creative, and traditional office spaces, catering to diverse business needs. The building's modern updates and strategic location make it an ideal choice for businesses seeking a prestigious and functional workspace in the heart of Oak Brook. The available suites provide ample space for expansion and growth, making this an exceptional opportunity for companies of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $53,988,216

  6.5%

  $49,835,276

  7%

  $46,275,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,360,728

  Geo Method

  $23,360,728

• Alternative Use

  Use

  Valuation

  Residential

  $61,795,744

  Hospitality

  $56,604,568

  Educational

  $47,094,336

  Medical

  $48,713,984

  Retail

  $73,257,856

Location Insight

City

Oak Brook

County

Dupage

State

Illinois

Latitude

41.8515

Longitude

-87.941

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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