Former LA Fitness | Oak Brook, IL (Chicago MSA)
Highly Trafficked Location | Coveted Retail Corridor | Top Employment Market
Marketing description
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Former LA Fitness at Clearwater at 2030 York Road, Oak Brook, Illinois 60523 presents a rare opportunity to acquire a premier 50,831 SF two-level commercial asset in one of Chicagoland’s most sought-after retail and office corridors. Positioned within the vibrant Clearwater mixed-use development at the northwest corner of 22nd Street and York Road, the property offers exceptional visibility, strong access, and a built-in customer base from surrounding office, retail, and residential uses. Surrounded by leading tenants including Protein Bar, Egg Harbor Café, Jason’s Deli, My Salon Suites, Roti, Chipotle, and Charles Schwab, the property also benefits from immediate proximity to a 200-unit upscale senior living community and major corporate headquarters throughout the East-West Tollway corridor. The location is supported by affluent demographics, with 78,663 residents and average household income of $169,227 within three miles, plus a powerful daytime population of 366,625 within five miles. With an open floor plan, existing fitness improvements, operational pool, and potential to subdivide, this asset is ideal for fitness, medical-adjacent, education, entertainment, office, or experiential users seeking a high-profile Oak Brook presence!
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
2030 York Rd, Oak Brook, IL 60523
Investment highlights
- INFILL UPSCALE DEMOGRAPHICS: The primary three-mile trade area has an excellent, dense, and affluent demographic profile, with a population of 78,663 residents. The trade area is surrounded by some of the most desirable residential communities in suburban Chicago including Oak Brook, Oakbrook Terrace, Downers Grove, Elmhurst, Hinsdale, LaGrange, Western Springs and Clarendon Hills. This affluent area has an average household income of $169,227 – 1.93 times higher than the U.S. national average.
- EXCEPTIONAL VISIBILITY AND HIGH TRAFFIC COUNTS: The property has an outstanding location on York Road near its intersection with 22nd Street where combined traffic counts exceed 41,000 vehicles per day. The site also benefits from a strategic location near the intersection of two of the Chicagoland area’s expressways, I-88 and I-294, providing convenient access to and from all directions for consumers. Traffic counts on I-88 and I-294 near the site are 167,800 and 145,300 VPD, respectively.
- DUPAGE COUNTY REAL ESTATE TAXES ADVANTAGE: The Property is located within DuPage County which has considerably less tax exposure than neighboring Cook County making it one of the most desired sub-markets for Chicago commercial real estate. DuPage County has nearly 1 million residents with average household incomes of $112,096, producing massive spending power in the Oak Brook economy.
- IMMEDIATE TRADE AREA DENSIFICATION: In addition to the recent developments at the site, there is also densification happening immediately surrounding the Property, including the Hines development of Oak Brook Commons just one mile west. The mixed-use development will be comprised of retail, office, residential apartments and condo units, and a hotel.
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