Clearwater Center | Class A Office Building
Ideal for medical office, professional office, or non-profit owner/users | 168,275 SF 3-Story Bldg
Marketing description
Property Description
CLEARWATER CENTER is a premier, three-story, multi-tenant office building located at 2122 York Road in the heart of Oak Brook, Illinois. The property encompasses approximately 127,446 rentable square feet and currently maintains 34% occupancy, with Athletico occupying the entire third floor as its corporate headquarters.
Strategically situated at the high-traffic intersection of 22nd Street and York Road—Oak Brook’s main east-west retail corridor—Clearwater Center offers excellent accessibility and visibility. The site benefits from over 25,000 vehicles per day (VPD) on 22nd Street. A prominent monument sign and building signage provide strong identity opportunities for owners or anchor tenants.
Originally constructed in 1978, the building underwent a full-scale renovation in 2020, transforming it into a modern, Class A office facility. Amenities include a newly designed lower level featuring two state-of-the-art conference centers, a stylish tenant lounge with a fireplace and Wi-Fi access, and an outdoor tenant patio on the first floor. Expansive window lines provide scenic views of the Butler National Golf Club for the building and also close proximity to the Oak Brook Golf Club. Ample on-site and shared parking is available as part of the Clearwater Center Development, which includes retail and dining establishments such as Chipotle, Jason’s Deli, and Egg Harbor Café, as well as The Sheridan at Oak Brook.
Clearwater Center offers an excellent opportunity for an owner/user or investment buyer with significant upside potential through the lease-up of approximately 88,489 square feet of available space. The third floor is fully occupied by Athletico’s corporate headquarters, providing a stable income stream, while the first and second floors—recently vacated by Oak Point University—offer a turnkey opportunity for educational, healthcare training, or traditional office users.
The prior university buildout includes classrooms, training labs, administrative offices, and specialized healthcare spaces, making it ideal for immediate re-tenanting or redevelopment into multi-tenant layouts. There is also an additional 4,183 rentable square feet available on the lower level.
Investment highlights
Location Description
- 0.5 Miles from I-294 Cermak Road Interchange
- 1.3 Miles from Oak Brook Center
- 2 Miles from the Full Interchange for I-88
- 3.4 Miles to Hindsale Metra Train Station
- 19 Miles West of Downtown Chicago
Highlights
PROPERTY HIGHLIGHTS:
- 127,346 RSF Three-Story, Multi-Tenant Office Building
- 168,275 GBA
- The Property is Part of a PUD with a Large Shared Parking Lot with Several Retailer Properties
- 34% Leased to Athletico Corporate Office
- No Deferred Maintenance
- Building Amenities include: Two Building Conference Rooms | Tenant Lounge in Lower Level with Soft Seating, Work Areas and Gas Fireplace | Street Monument Signage on 22nd Street | Building Directory at Elevators | Outside Seating Area with Tables and Chairs
INVESTMENT OVERVIEW:
- Ideal for medical office, professional office, or non-profit owner/users
- Suitable for healthcare providers with multiple specialists or Class A office users
- Flexible layout allowing for immediate occupancy and future reconfiguration
- Opportunity to stabilize occupancy costs and hedge against rent inflation
- Ability to build long-term equity through owner occupancy
- Potential for partial lease-up of excess space to offset operating expenses
- Strong commercial and healthcare corridor location
- Proximity to residential neighborhoods and complementary medical users
- Accessible location with convenient connections to key transportation routes, including I-294, I-88, 22nd Street, York Road and Roosevelt Road.
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