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219 W 55th St 4,400 SF 100% Leased Office Building Clarendon Hills, IL 60514 $1,095,000 ($248.86/SF) 10.21% Cap Rate



Investment Highlights
- Fully leased investment with $111,840 annual gross income.
- Surface parking for 15 vehicles and 400 AMP electric service.
- Excellent frontage and visibility on 55th Street with over 22,000 daily vehicles.
- 1996 construction with English basement and storage garage.
- Situated on 0.45 acres in DuPage County within an Office Transitional District zone.
- Convenient access to major highways and regional business corridors.
Executive Summary
This fully leased office investment presents an opportunity to acquire a well-maintained multi-tenant property in the established community of Clarendon Hills, Illinois. The building, constructed in 1996, spans approximately 6,300 square feet across two floors with an English basement and additional storage garage. Featuring strong in-place income of $111,840 annually, the asset provides immediate cash flow with long-term stability.
The property sits on a 19,550 square foot land parcel with zoning designated as Office Transitional District. It offers 15 surface parking spaces, 400 AMP electrical service, and adaptable interior layouts suitable for diverse professional users. Its strategic location off 55th Street ensures consistent visibility with traffic counts exceeding 22,000 vehicles daily, enhancing future tenant demand and leasing security.
Positioned near I-294 and Route 83, the property affords easy regional connectivity and access to the economic hub of DuPage County. Surrounded by residential neighborhoods and local amenities, it benefits from a dense and affluent demographic, supporting strong market fundamentals. This asset offers investors a stabilized office property with intrinsic value in a desirable suburban location.
The property sits on a 19,550 square foot land parcel with zoning designated as Office Transitional District. It offers 15 surface parking spaces, 400 AMP electrical service, and adaptable interior layouts suitable for diverse professional users. Its strategic location off 55th Street ensures consistent visibility with traffic counts exceeding 22,000 vehicles daily, enhancing future tenant demand and leasing security.
Positioned near I-294 and Route 83, the property affords easy regional connectivity and access to the economic hub of DuPage County. Surrounded by residential neighborhoods and local amenities, it benefits from a dense and affluent demographic, supporting strong market fundamentals. This asset offers investors a stabilized office property with intrinsic value in a desirable suburban location.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,400 SF
Building Class
B
Year Built
1997
Price
$1,095,000
Price Per SF
$248.86
Cap Rate
10.21%
NOI
$111,840
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,000 SF
Slab To Slab
11’
Building FAR
0.23
Lot Size
0.44 AC
Zoning
C - Commercial
Parking
20 Spaces (4.54 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Property Manager on Site
- Restaurant
- Signage
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 09-14-100-054 | Improvements Assessment | $170,125 |
| Land Assessment | $97,315 | Total Assessment | $267,440 |
Property Taxes
Parcel Number
09-14-100-054
Land Assessment
$97,315
Improvements Assessment
$170,125
Total Assessment
$267,440
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219 W 55th St
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