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O'Hare Lakes Office Park - Building 5

Off-Market

2200 East Devon Avenue, Des Plaines, IL 60018

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  • Property Type Office - General Office
  • Property Size 100,000 Sqft
  • Lot Size 23.82 Acre
  • Property Tenancy Multi-Tenant

Location

  • City Des Plaines, IL
  • Zip Code 60018
  • Market Chicago

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Arm's Length
  • Buyer Name

Market Trends

Average Actual Rents in Des Plaines

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Des Plaines Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $23.51
  • 2020 Office Vacancy Rate 17.21 %
  • 2020 Office Completions (Sqft)
View more Des Plaines market trends

Tax

  • Property Tax in 2020 $3,028,344
  • Market Value $50,328,742
  • Assessed Value $50,328,742

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of O'Hare Lakes Office Park - Building 5?

O'Hare Lakes Office Park - Building 5 totals 100,000 square feet.

What is the property tax for O'Hare Lakes Office Park - Building 5?

The property tax for O'Hare Lakes Office Park - Building 5 in 2020 was $3,028,344.

What is the market value for O'Hare Lakes Office Park - Building 5?

The market value for O'Hare Lakes Office Park - Building 5 in 2020 was $50,328,742.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.