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Note

7.62 Acre Office/Hospitality Land

Listing was updated at: 01/23/2019

Property Overview

Price/Rent PSF $ 6,000,000.00
Asset Type Land
Trade Type Sale
Acres Available 7.62
Date Available 01/23/2019
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Description

Location
The property is located in a professional office and business park area of Oakbrook Terrace, Illinois. Oakbrook Terrace is a city in DuPage County, IL, a suburb of Chicago. As of the 2010 census, the city had a total population of 2,134. The property is located adjacent to the Village of Oak Brook, which is an affluent village with a population of 7,883 at the 2010 census. Between the two similar sounding municipalities they serve as home to a very large retail hub as well as the headquarters of several notable companies and organizations including McDonald's (now moving to Chicago), Ace Hardware, Blistex, Federal Signal, CenterPoint Properties, Sanford L.P., TreeHouse Foods, Redbox, the Joint Commission (accredits Healthcare agencies) and Lions Clubs International.

The property's neighbor to the east is Oakbrook Terrace Corporate Center. This is a 3 office building office complex comprising of a 123,723 SF, 232,052 SF, and a 325,116 SF office building. To the west is One & Two TransAm Plaza which is a 118,000 SF & a 117,717 SF Office Building (respectively). Located just south of the property is Regency Place, a 112 unit luxury apartment complex, and a 147 room Courtyard by Marriot Hotel complex.

Sale
Offered for sale is a 7.62 acre development parcel located in Oakbrook Terrace, IL. The property is situated just off S. Meyers Rd. less than a 5 minute drive to the I-88 Toll Road. This prime parcel of real estate is located in one of the most affluent area's of Chicago. Some of the ideal uses include a professional office space, new hospitality development, or a high end multi-family project. Within a 15-minute drive time of the site you have an estimated population of over 308,000 and an additional 266,000 employees. Lower DuPage County taxes.

Location

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