Sealed Bid Auction 6/11: Three Office Condos in Oak Brook Near I-88
Auction Closed
600 Enterprise Dr.
Oak Brook, IL 60523
11,593 SF
Office Condo
The Details
Sealed Bid Auction
- Minimum Bid: $425,000*
- 3 condominiums split into 8 office suites
- 11,593 SF out of 38,457 SF
- 30.1% share in association
- Near junction of Tri-State Tollway and I-88
- Building and signage visible from I-88
- Zoning: O-2, limited office
- Total Monthly Assessments: $4,722
- Total Taxes (2013): $13,584
- Total Expenses: $6.03 per SF
Bids must be received by June 11, 2015 at 5:00 p.m.
A two-story office building on stilts, 600 Enterprise Dr. was partially renovated and divided into office condominiums. Each of the available condos was divided into multiple office suites. The property is highly visible from I-88, including signage for the building. We are offering three vacant condo units, totaling 11,593 square feet, split between the two floors. These condos have been divided into eight office suites, with spaces ranging from 309 square feet to as large as 4,857 square feet. The units have varying degrees of build-out – from raw space to move-in ready.
600 Enterprise Dr. is located in Oak Brook near the junction between I-88 and the Tri-State Tollway. The East/West Corridor office market is the largest suburban submarket in Chicago, taking advantage of easy transportation for employees as well as relatively low DuPage County taxes. The property is located a few blocks away from Oak Brook Center, the Oak Brook Golf Club and Butler National Country Club.
* Minimum bid shown does not include the buyer's premium