2210 Midwest RdOak Brook, IL 60523

  • Office buildings
  • 33,600 SF

Property Details for 2210 Midwest Rd

Year built
1972
Lot size
2.10 AC
Property size (Sq ft)
33,600 SF
Zone code
C
Property type
Office buildings
APN
06-27-100-020
APU
627100020

Description

This exceptional two-story office building, totaling 27,498 square feet, presents a fantastic leasing opportunity in the thriving Oak Brook, Illinois market. Situated at 2210 Midwest Road, near the intersection of 22nd Street, this brick building offers convenient access to I-88 Tollway, ensuring effortless commutes. The property boasts a range of suite sizes, accommodating businesses seeking spaces from 500 to 3,100 contiguous square feet, with a total of 11,821 square feet currently vacant. Multiple tenancy options are available. The building's strategic location provides unparalleled proximity to a wealth of amenities, including a variety of shopping centers (such as Yorktown Shopping Center), restaurants, hotels, and entertainment venues. Nearby businesses include well-known retailers like Walgreens, Home Depot, Nordstrom Rack, Von Maur, and Dick's Sporting Goods. Ample on-site parking is provided, and the property offers excellent potential for prominent exterior signage, enhancing visibility and brand recognition. The property is zoned B-3 and located within the Oakbrook Terrace submarket cluster in DuPage County, Illinois, zip code 60523. This is an ideal location for businesses seeking a prestigious address and convenient access to a vibrant commercial environment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,114,155
    6.5%
    $9,336,143
    7%
    $8,669,276
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,376,400
    Geo Method
    $4,376,400
  • Alternative Use

    Use
    Valuation
    Residential
    $11,576,817
    Hospitality
    $10,604,303
    Educational
    $8,822,655
    Medical
    $9,126,080
    Retail
    $13,724,130

Location Insight

City
Oak Brook
County
Dupage
State
Illinois
Latitude
41.8449
Longitude
-87.974
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
2023
$43,288
$681,550
$399,710
$1,081,260
-
$2,044,650
$1,199,130
$3,243,780

FAQs

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