Single Tenant Office Investment for Sale

600 Enterprise Drive, 200-214 Oak Brook, IL 60523

600 Enterprise Drive, 200-214, Oak Brook, IL, 60523
600 Enterprise Drive, 200-214, Oak Brook, IL, 60523
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$2,900,000
Last Verified:
Jun 20, 2019

Highlights

  • Investment Opportunity For Sale: $2,900,000
  • Long Term National Tenant
  • Low Property Taxes
  • Covered Parking
  • Floor-to-Ceiling Windows Throughout
  • HVAC with Individual Temperature Controls for Each Unit
  • Beautiful Renovations Throughout the Building
  • Located in the Heart of Oak Brook Just Minutes from the Oak Brook Center Mall
  • Easily Accessible via Many Major Roads and Highways
  • Visible From I-88
  • Association Handles All Building Maintenance

Description

The investment opportunity consists of 11,633 sf of condo office space occupied by Avtex, a national, full service customer experience (CX) consulting and solution provider. The company has been in the building for many years and has a long term lease remaining. The property is built out has high-end office with full glass walls, traditional office layout and a modern design. There is a 3,475 sf unfinished office component that can be leased to another tenant or two. An association handles all building maintenance. The property is in excellent condition with recent renovations completed throughout the property.

The common areas of the property include common bathrooms with high end marble finishes, a stunning spiral staircase in the beautifully landscaped atrium, floor-to-ceiling windows and covered parking.

600 Enterprise Drive is located just north of 22nd Street and directly visible from I-88 in Oak Brook. Multiple points of access to I-88, I-294 and Rt. 83 are located less than 1 mile from the property.

Oak Brook is an affluent village located just 19 miles west of downtown Chicago and minutes from O'Hare International Airport. A 2010 census showed a population of just under 8,000 people with a very comfortable median household income of just over $150,000 and a median home value of well over $700,000. While the full time population is low, the daytime population is significantly higher at 82,285. This is because Oak Brook, along with is prestigious neighbors such as Oakbrook Terrace, Downers Grove and Naperville, are known as a major commercial hub in Northern Illinois.

Oak Brook is home to headquarters of many major corporations including Ace Hardware, Blistex, Federal Signal, CenterPoint Properties, Sanford L.P., TreeHouse Foods, and Lions Clubs International. Oak Brook also features many outstanding hotels including Hilton and the Drake Hotel, and fine dining such as Mike Ditka's Restaurant, The Clubhouse, and Gibson's Steakhouse to name a few. Oak Brook is also home to the Oakbrook Center, the second largest shopping center in the Chicago Metropolitan Area, surpassed only by Woodfield Mall in Schaumburg.

Building Size: 11633.0sq ft
Building Class: B
Lot Size: 0.0 acres

Map of 600 Enterprise Drive, 200-214, Oak Brook, IL, 60523

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.