Commercial property appraisals and market studies.

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Chicago Suburban Office Comparables



Property/Address

Date of
Sale
Size (SF)
Yr. Built

Occupancy

Price/SF

Comments
1901 N. Roselle Rd. Schaumburg, IL
12/06
205,000
100%
$138 6.4%
2 Pierce Place     
Itasca, IL
12/06
487,000
100%
$186  
300 N Martingale Rd. Schaumburg, IL
11/06
155,391
40%
$104  
1600 Golf Road
Rolling Meadows
09/06
255,000
69%
$88 8.5%
1420-1520 Kensington Oak Brook, IL
07/06
300,000
90%
$140 8.53%
190 East Lake Avenue Glenview, IL
05/06
188,000
100%
$277 6.76%
8755 West Higgins Rd. Chicago, IL
03/06
237,320
71%
$126 6.13%
8750/8770 Bryn Mwar Chicago, IL
02/06
631,445
80%
$143 7.91%
3800 Golf Road        Rolling Meadows, IL
1/06
500,000
100%
$124 7.38%
1500 Shure
Arlington Heights, IL
1/06
158,000
85%
$152  
6250 River Road Rosemont, IL
1/06
370,593
90%
$196  
1717 Deerfield
Deerfield, IL
12/05
137,904
100%
$182  
2651 Warrenville Downers Grove, IL
12/05
299,896
100%
$193  
1250 Techny
Northbrook, IL
11/05
159,434
100%
$251 Sale Leaseback
2000 SBC Center Hoffman Estates, IL
11/05
1,590,000
95%
$213 6.1%
1815 Meyers
Oakbrook Terrace, IL
10/05
232,052
86%
$110 6.5%
9450 Bryn Mawr Rosemont, IL
9/05
151,716
75%
$97  
150 Martingale Schaumburg, IL
9/05
500,556
88%
$183  
6400 Shafer
Rosemont, IL
8/05
176,168
67%
$91  
3075 Highland
Downers Grove, IL
7/05
250,000
89%
$268 6.5%
1901 Roselle Schaumburg, IL
7/05
205,358
80%
$102 6.9%
2707 Butterfield
Oak Brook, IL
7/05
311,460
86%
$122 8.0%
1801 Meyers
Oakbrook Terrace, IL
6/05
123,734
81%
$92  
10255-75 W. Higgins Rosemont, IL
6/05
516,779
91%
$88  
6133 River Road Rosemont, IL
5/05
877,082
94%
$134 Multi-Bldg Sale
90 Half Day
Lincolnshire, IL
5/05
325,878
100%
$192 Sale Leaseback
215 Diehl
Naperville, IL
4/05
167,260
100%
$146 100%Leased to ConAgra
5251 Old Orchard
Skokie, IL
4/05
209,616
78%
$126 6.0%
5401 Trillium
Hoffman Estates, IL
3/05
100,000
95+%  
$164 Sears Partial Tenant
2301 22nd Street
Oak Brook, IL
2/05
179,400
82%
$131 7.75%
2 Transam
Oakbrook Terrace, IL
2/05
117,717
91%
$90  
3010 Highland
Downers Grove, IL
12/04
275,194
92%
$191 92%
2221 Camden Oak Brook, IL
12/04
101,244
33%
$88 33%
500 Park
Itasca, IL
12/04
976,036
79%
$129  
2200 Kensington
Oak Brook, IL
12/04
206,000
100%
$195 7.1%
1400-50 American Schaumburg, IL
11/04
807,624
98%
$171 Sale Leaseback 6.2%
1901 Meyers
Oakbrook Terrace, IL
11/04
324,942
90%
$117  
2441 Warrenville
Lisle, IL
11/04
296,486
68%
$151 6.5%
1615-75 Lakeside Waukegan, IL
10/04
199,319
100%
$163 9.2% Both leased to Abbott
2650 Warrenville Downers Grove, IL
10/04
221,939
99%
$182 8.0% REIT Acquisition
2300 Cabot Lisle, IL
10/04
151,664
73%
$115 Portfolio Sale
2001 Spring
Oak Brook, IL
9/04
521,685
92%
$190  
999 Oakmont Plaza Westmont, IL
9/04
117,841
90%
$131 9.0%
1411 Lake Cook Deerfield, IL
8/04
203,355
100%
$99  
544 Lakeview
Vernon Hills, IL
8/04
145,000
100%
$159  
3333 Finley
Downers Grove, IL
8/04
206,500
97%
$228 8.0%
1501 Opus
Downers Grove, IL
8/04
116,546
97%
$206 8.0%
1333 Butterfield Downers Grove, IL
3/04
176,306
90%
$108 9.5%
1100 W. Lake Cook Buffalo Grove, IL
12/03
97,831  
97%
$191 9.25% Cap Rate
184 Shuman Blvd Naperville, IL
12/03
131,284 1989
$126  
2301 Patriot Blvd Glenview, IL
11/03
176,000  
97%
$153 7.32% Cap Rate
2200-2400 E. Devon Des Plaines, IL
11/03
736,156 1969
75%
$60 8.76% Cap Rate
220 N. Smith St Palatine, IL
10/03
102,518 2003
90%
$107 13.16%
9022 Heritage Pkwy Woodridge, IL
10/03
97,000 2003
97%
$176 8.4%
1101-1171 Tower Ln Bensenville, IL
10/03
86,087 1978
97%
$161 7.81% Cap Rate
6111 N River Road Rosemont, IL
09/03
267,152 1987
$72  
5550 Prairie Stone Pkwy Hoffman Estates, IL
09/03
193,701 2000
$136 9.0% Cap Rate
155 N Pfingston Rd Deerfield, IL
08/03
116,895 1987
90%
$127 9.56% Cap Rate
1200 Shermer Road Northbrook, IL
08/03
335,256 1982
92%
$150  
2200 Cabot Dr
Lisle, IL
06/03
125,000 1989
97%
$178 8.4% Cap Rate
150 NW Point Blvd
Elk Grove Village, IL
05/03
176,844 2001
$89  
102-108 Wilmot Rd Deerfield, IL
03/03
324,833 1976
87%
$105 9.0% Cap Rate
2001 Spring Rd
Oak Brook, IL
03/03
521,685 1972
93%
$191 8.02% Cap Rate
1101 Perimeter Drive Schaumburg, IL
03/03
161,746 1978
100%
$66 10.62% Cap Rate
800 Commerce Drive Oak Brook, IL
02/03
294,065 1970
97%
$188 8.1% Cap Rate
215 Shuman Blvd Naperville, IL
02/03
209,344 1982
88%
$125 9.9% Cap Rate
700 Oakmont Lane Westmont, IL
01/03
269,466 1997
93%
$93 8.09% Cap Rate
75 Executive Dr
Aurora, IL
12/02
217,916 1980
98%
$111 10.88% Cap Rate
1603 Orrington Ave Evanston, IL
12/02
340,052 1969
91%
$127 9.02% Cap Rate
55 Shuman Blvd Naperville, IL
12/02
218,185 1986
75%
$107 11.27% Cap Rate
1415-1515 W. 22nd St Oak Brook, IL
12/02
402,318 1977
95%
$165 10.08% Cap Rate
1650 Lake Cook Rd Deerfield, IL
11/02
125,690 1997  
$201  
2200 Kensington Ct
Oak Brook, IL
07/02
206,000
$112  
500 Skokie Blvd Northbrook, IL
07/02
282,947 1980
$121 9.75% Cap Rate
1000 Technology Way Libertyville, IL
06/02
93,233 1999
97%
$150 6.48% Cap Rate
850 Technology Way Libertyville, IL
06/02
96,000 1999
97%
$143 7.88% Cap Rate
2000 York Rd
Oak Brook, IL
06/02
199,245 1968
84%
$84 9.06% Cap Rate
1700 E. Golf Rd Schaumburg, IL
06/02
203,140 1989
88%
$125 6.18%
3800 N. Wilke Rd Arlington Heights, IL
06/02
243,355 1986
91%
$78 9.81% Cap Rate
6400 Shafer Ct Rosemont, IL
06/02
162,115 1980
75%
$86 6.26% Cap Rate
3050 Highland Pkwy Downers Grove, IL
06/02
250,542 2002
100%
$206 7.85% Cap Rate
17W755 Butterfield Oakbrook Terrace, IL
03/02
106,248 1985
92%
$111 10.86% Cap Rate
700-702 N Deerpath Vernon Hills, IL
01/02
122,604 1984
95%
$101 10.00 % Cap Rate
901-911 N Elm Street Hinsdale, IL
12/01
402,218
88%
$108 10.35% Cap Rate
1063 W. Hawthorn Dr Itasca, IL
12/01
173,492 1973
90%
$123 9.89% Cap Rate
50 Northwest Point
Elk Grove Village, IL
12/01
176,848 1999
100%
$170  
801-815 Ogden Ave Lisle, IL
07/01
86,172 1999
100%
$145 9.32% Cap Rate
1300 E. Woodfield Rd Schaumburg, IL
07/01
133,647 1984
90%
$112 10.66% Cap Rate
1099 W. Hawthorn Dr Itasca, IL
06/01
173,492 1989
96%
$59 9.0% Cap Rate
1101 Perimeter Schaumburg, IL
05/01
161,746 1978
100%
$95 10.15% Cap Rate
2625 Butterfield Rd
Oak Brook, IL
05/01
200,772 1972
87%
$112 9.98% Cap Rate
1500 W. Shure Dr Arlington Heights, IL
04/01
158,255 1986
42%
$107 11.13% Cap Rate
700 Oakmont Ln Westmont, IL
03/01
269,765
100%
$56  
2001 York Rd
Oak Brook, IL
12/00
184,017 1999
100%
$217  
3010 Highland Pkwy Downers Grove, IL
11/00
267,049 2000
97%
$192 8.56% Cap Rate
1901 N Roselle Road Schaumburg, IL
09/00
205,358 1989
71%
$136 9.48% Cap Rate
111 S. Pfingston Rd Deerfield, IL
09/00
120,927 1986  
$124 10.00% Cap Rate
9701 W. Higgins Rd Rosemont, IL
08/00
325,000 1976
92%
$86 11.05% Cap Rate
480 Quadrangle  Dr Bolingbrook, IL
07/00
98,129 1999
N/A
$139  
611-51 E. Butterfield Rd. Lombard, IL
6/00
98,619 1980
96%
$112 10.23% Cap Rate
4450 Weaver Parkway Warrenville, IL
4/00
59,989 1999
100%
$125 Tenant was buyer
3805-15 E. Main
St. Charles, IL
3/00
56,100 1998
N/A
$138 Charles H. Street buyer
3231 Euclid
Berwyn, IL
2/00
63,266 N/A
N/A
$70 MacNeil Managment Buyer
9401 Grand Av.
Franklin Park, IL
2/00
342,600 1961
N/A
$16 Klairmont Ent. seller
2305 Enterprise Westchecter, IL
1/00
62,580 1998
N/A
$141 Gerald Nudo Seller
1100 Woodfield  Schaumburg, IL
1/00
103,012 1989
100%
$179 AKA: Four Woodfield Lake 
3315 Algonquin Rolling Meadows, IL
1/00
73,300 1974
81%
$89 Purchased by Central Laborers' Pension Fund of IL
555 E. Buterfield Lombard, IL
11/99
36,000 1977
100%
$86 10.92% cap
821-93 Parkview Lombard, IL
11/99
79,269 1989
100%
$95  
2050 S. Finley
Lombard, IL
11/99
69,502 1999
50%
$83  
Citicorp Plaza (O'Hare) Chicago, IL
11/99
600,000 1981
97%
$108  
40 Skokie Blvd. Northbrook, IL
10/99
105,924 1984
96%
$126 10.9% cap
1051 Perimeter Schaumburg, IL
10/99
194,635 1973
95%
$90 12.65% cap
3701 Algonquin
Rolling Meadows, IL
10/99
191,920 1980
92%
$86 10.8% cap
930 N. National Schaumburg, IL
10/99
103,012 1988
N/A
$178 8.8% cap
711 Jorie Blvd.
Oak Brook, IL
9/99
201,876 1980
0%
$149 Formally 100% occupied by McDonalds
Mid America Pl. Oakbrook Terrace, IL
9/99
440,000 1985
93%
$168 9.3% cap
800 Jorie Blvd.
Oak Brook, IL
8/99
190,829 1962
100%
$155 10.5% cap
Walden Office C. Schaumburg, IL
8/99
227,760 1977
90%
$72 13.6% cap
360 W. Butterfield Rd Elmhurst, IL
7/99
70,875   1987
89%
$89  
2800 S. River Rd
Des Plaines, IL
7/99
101,000 1983
88%
$80 Seller was Great lakes REIT
One Woodfield Lake 100 E. Woodfield, Schaumburg, IL
6/99
204,660 1979
72%
$113 10.25% cap
150 N. Martingale, Schaumburg IL
6/99
1,600,000 1982
97%
$137 9 Buildings
75 Executive Center, Aurora, IL
6/99
114,539 1980/95
57%
$74 9.5% cap
Thorndale Office Ct, 1050 Rte 83 Bensenville, IL
6/99
61,054   1976
93%
$92  
Lakewoods Corp
650 E. Algonquin
Schaumburg, IL
5/99
81,600   1986
100%
$102 10.25% cap
WMX Corp Headquarters,
Oak Brook, IL
5/99
520,680 1970/80
0%
$90 100% Vacant
One Energy Ctr 40 Shuman
Naperville, IL
4/99
163,080 1982
80%
$109  
2200 Cabot
Lisle, IL
3/99
124,200 1989
39%
$137 Projected 10.2% cap
Commerc'l Union
1805 High Point,
Naperville, IL
3/99
104,722  1986
100%
$117 10.5% cap
4709 Golf Road
Skokie, IL
1/99
281,000 1971
96%
$94 9% cap
Oak West Office 17W695 Butterfield Oakbrook Terrace, IL
1/99
77,867  1971
97%
$83  
Highland Landmark I  Downers Grve, IL
12/98
273,000
1998
100%
$184 8.3% cap
Citibank Office
1900 Spring
Oak Brook, IL
12/98
100,344
1978
90%
$154 7% cap 
5215 Old Orchard
Skokie, IL
12/98
209,616
1984
92%
$132 9.0% cap
Columbia Centre I, 5600 N. River 
Rosemont, IL
12/98
221,269
1986
100%
$122  
Computer Associates
2400 Cabot Drive
Lisle, IL
11/98
180,000
1987
100%
$217 Buyer is tenant
600 Oakmont Circle
Westmont, IL
10/98
117,738
1990
91%
$150 Cap Rate was 9.1%
Oak Brook Commerce 903 Commerce
Oak Brook, IL
10/98
70,800
1969
100%
$131 Cap Rate was 8.4%
Ex-Zenith Headquarters 1000 N. Milwaukee
Glenview, IL
10/98
450,000
1975
To be vacated
$44  
O'Hare Plaza
8725 W. Higgins
Chicago, IL
10/98
474,000
1972
98%
$105 Cap Rate was 9%
Two Conway Park
150 North Field Drive
Lake Forest, IL
10/98
116,000
1998
0%
$129  
Transamerica Distr. Finance
5595 Trillium Blvd.
Hoffman Estates, IL
9/98
194,000 1998
100%
$177 Built-to-suit.
1699 Wall Street
Mount Prospect, IL
9/98
146,000 1979
85%
$54  
Lisle Executive Center
3000-3030 Warrenville Road
Lisle, IL
9/98
149,791
1988
92%
$119 Cap Rate was 10.7%.
One O'Hare Center
6250 N. River Road
Rosemont, IL
8/98
379,685
1986
97%
$171 Cap Rate was 8.0%.
Executive Pl.  3
1010 Executive Court
Westmont, IL
8/98
63,800
1989
100%
$125 Cap Rate was 8.2%.
1800 Sherman Avenue
Evanston, IL
8/98
135,679
1986
98%
$109  
2300 Cabot Drive
Lisle, IL
8/98
151,664
1998
28%
$91  
Woodland Financial Ctr
1375 E. Woodfield Road
Schaumburg, IL
6/98
182,295
1982
86%
$121 Cap Rate was 9.0%.
Two Century Centre
1700 E. Golf Road
Schaumburg, IL
6/98
213,961
1990
98%
$161  
One Conway Park
100 N. Field Drive
Lake Forest, IL
5/98
108,750
1989
93%
$175  
711 Jorie Boulevard
Oak Brook, IL
4/98
201,876
1980
100%
$123 Single Tenant
Northern Trust Building
10 Oak Brook Terrace
Oak Brook, IL
2/98
165,000
1983
N/A
$158  
Commerce Point Business Park
3800 N. Wilke Road
Arlington Heights, IL
2/98
236,642
1986
99%
$120 Cap Rate was 10.9%.
1900 W. Field Court
Lake Forest, IL
2/98
268,000
1997
N/A
$146  
Two Pierce Place
2 Pierce Place
Itasca, IL
2/98
486,000
1991
N/A
$134  
Corporate 500 Centre I & II
500-540 Lake Cook Road
Deerfield, IL
1/98
656,000
1986
98%
$229 Cap Rate was 9.0%.
Columbia Center III
9525 W. Bryn Mawr Avenue
Rosemont, IL
1/98
238,941
1989
99%
$161 Cap Rate was 9.7%.
Caremark Towers I & II
2211 & 2215 Sanders Road
Northbrook, IL
1/98
361,447
1979
95%
$116 Cap Rate was 8.3%.
Highland Landmark I
3075 Highland Parkway
Downers Grove, IL
12/97
280,175
1997
97%
$173 Cap Rate was 8.2%.
Naperville Corporate Center
1240 E. Diehl Road
Naperville, IL
12/97
142,407
1991
100%
$122  
Lucent Tech
1200 Warrenville
Naperville, IL
12/97
340,120 1997
100%
$101  
263 Shuman Boulevard
Naperville, IL
12/97
338,956
1986
100%
$109 Single Tenant.
The Olympian Office Center
4343 Commerce Court
Lisle, IL
11/97
167,756
1987
90%
$152  
941-961 Weigel Drive
Elmhurst, IL
11/97
138,310
1989
N/A
$107  
Park Lake Center
184 Shuman Boulevard
Naperville, IL
10/97
116,428
1989
N/A
$176  
One Northbrook Place
5 Revere Drive
Northbrook, IL
10/97
174,591
1982
100%
$129  
Executive Towers West I, II, & III
1400, 1411 Opus Place
Downers Grove, IL
8/97
649,842
1983
97%
$147 Three buildings.
Bannockburn Lake Office Plaza I
2201 Waukegan Road
Bannockburn, IL
7/97
108,476
1988
84%
$133