200 Applied Parkway University Park, IL

$12/sqft/yr

200 Applied Parkway, Park Forest, IL 60484

For Lease

Office

Active

Last Updated: 01/19/2026

Details:

Building Size: 150,000 sqft

Lot Area: 40 acres

Lease Type: Gross

Year Built: 1996

MlsNumber: 12545616

Floors: 2

Highlights:

Available Space: 150000.0
Max Contiguous Area: 150000.0
Min Divisible Area: 2000.0
Age: 21-30 Years Old
Sewer: City
Lot Size: 20-50 Acres
Water: City Water

Description:

200 Applied Parkway presents a rare opportunity to occupy a large-scale, fully built-out modern office building in a serene, park-like setting within University Park, Illinois. Situated on approximately 40 acres, this 150,000-square-foot, two-story elevator office building with a lower level is ideally suited for research and development, institutional users, corporate headquarters, government, and other office needs. Designed to support high-density office and collaborative environments, the building features a dramatic three-story atrium filled with natural light, creating an impressive first impression and an ideal setting for conferences, training, and corporate gatherings. The interior features a highly functional layout with a balanced mix of private offices, open workstations, conference rooms, coffee stations, and support spaces. The property offers numerous amenities, including a large auditorium suitable for training and sales conventions, a full-service kitchen and cafeteria, and multiple indoor and outdoor gathering areas. Landscaped grounds with outdoor grilling and picnic areas reinforce the campus-style environment and support employee wellness and engagement. Operationally, the building is well equipped with a loading/receiving dock, extensive IT and support areas, and approximately 800 surface parking spaces for staff or visitors. New industrial developments nearby include Carvana, Clorox, and Clarius, which have added more than 1 million square feet of space. Strategically located, 200 Applied Parkway offers convenient regional access-approximately 10 minutes from Interstates 80 and 294, 10 minutes from the proposed Peotone passenger and cargo airport, and 40 minutes from Midway International Airport. The property also benefits from low real estate taxes in Will County. This unique campus offers a compelling combination of scale, flexibility, amenities, and growth potential, making it an ideal solution for organizations seeking a standalone facility with room to grow in a controlled, professional environment.

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