Arm-Chair Office Condos Totaling 8,602 SF in Lisle

No Longer Available For Sale
1500 Eisenhower Ln., Units 200 & 600
Lisle, IL 60532
8,602 SF
Office Condo
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  • Office condo, leased, arm-chair investment, 1031 exchange, cap rate
  • Office condo, leased, arm-chair investment, 1031 exchange, cap rate
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The Details

  • Two office condos totaling 8,602 SF
    • #200: 5,061 SF, leased thru 2016
    • #600: 3,541 SF, leased thru 2020
  • Arm-chair investment with solid income
  • Part of Commerce Place Condominium, a Class B office complex built in 2004
  • Each unit has a separate entrance
  • Ample parking for employees/customers
  • Est. 2015 Rents: $109,376
  • Cap Rate: 6.9%
  • Ideal opportunity for 1031 exchange
  • Zoning: I-1
  • Taxes (2013): $34,582

Also available individually

Just off Maple Ave., two office condominiums, totaling 8,602 square feet are available for sale. Each unit is triple net leased to long-term tenants and features an individual entrance. Unit 200 is 5,061 square feet corner space, leased through May 2016 to a mortgage broker. Unit 600 is leased through Jan. 2020 to an engineering firm.
 
Lisle is a substantial office market within the East/West Corridor of Chicago. Since 2011, the area has seen a dramatic drop in availability and improving market fundamentals as the economy continues to improve.