Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1213 Butterfield Rd Downers Grove, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime location with high visibility and traffic counts.

    Type:RETAIL
    Property size:
    11,000 SF
    Lot size:
    13.39 Acres
    Added:
    Apr 17, 2024
    Days on Market:
    744
    Last Refresh:
    Apr 5 at 10:11 pm

    Property Features for 1213 Butterfield Rd

    General Information

    Standard status
    Active
    Size
    11,000 SF
    Lot size
    13.39 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1213 Butterfield Rd Contact us

    We can help!

    Listing Contact
    Paul Bryant

    Listing agent Paul Bryant

    Listing office Mid-America Real Estate Group | Chicago

    Listing date Apr 17, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mid-America Real Estate Group | Chicago

    Overview

    Downers Grove Retail Opportunity

    Located in Downers Grove on Butterfield Road, between Highland Avenue and Finley Road, this retail property offers a flexible site plan. The location is just east of the I-355 and I-88 interchange, which experiences approximately 177,000 vehicles per day. The property benefits from great visibility and access off Butterfield Road, a heavily trafficked road with over 50,000 vehicles per day. The surrounding area includes 1,120 hotel keys and 1.8 million square feet of office space in Downers Grove. The Yorktown Shopping Center, with 3.29 million visitors, is ranked #2 out of 584 centers in Illinois (Placer Labs, Inc.). The property offers 11,000 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marketing Card Technology Industrial Manufacturer Disturbia Haunted House ... Haunted House Celegence Corporate Office University Subscription Services (Bike/Boat/Book/etc) Store Unique Embossing Services ... Professional Services

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sarasota Pavilion — 3025 Highland Pkwy, Downers Grove, IL 60515
    • Buckhead Crossing — 3025 Highland Pkwy, Downers Grove, IL 60515, United States
    • PGA Plaza — 3025 Highland Pkwy, Downers Grove, IL 60515
    • Downers — 1556 Butterfield Rd, Downers Grove, IL 60515
    • University Plaza — 1213 Butterfield Frontage Rd, Downers Grove, IL 60515

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0173
    Latitude
    41.8332

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Downers Grove Office Suites

      Furnished office suites in a renovated historic building.
      5120 Main Street, Downers Grove, IL 60515
      View Details
    • Sponsored
      Contact for pricing

      Executive Towers West

      1431 Opus Pl, Unit 110, Downers Grove, IL 60515
      View Details
    • Contact for pricing

      Downers Grove Industrial Sublease Opportunity

      109,000 SF industrial space available for sublease in Downers Grove.
      5300 Katrine Ave, Downers Grove, IL 60515
      View Details
    • $37 SF/Yr

      Dental Suite in Professional Setting

      Fully equipped dental suite with 4 operatories for rent.
      3000 Woodcreek Dr Ste 130, Downers Grove, IL 60515
      View Details
    • $16 SF/Yr

      Downers Grove Office Space Available

      Office space for rent in Downers Grove, Illinois.
      2651-2655 Warrenville Rd, Downers Grove, IL
      View Details
    • Contact for pricing

      Downers Grove Industrial Space Available

      Industrial space for lease with ample parking and I-355 access.
      5201-5241 Thatcher Rd Downers, Grove, IL 60515
      View Details
    • Contact for pricing

      Downers Grove Office Space Available

      Office property with amenities in Downers Grove, Illinois.
      2655 Warrenville Rd Downers, Grove, IL 60515
      View Details
    • $14 SF/Yr

      Downers Grove Office Space Available

      Office space for lease in Downers Grove, Illinois.
      1100 W 31st Street, Downers Grove, IL, 60515
      View Details
    • Contact for pricing

      Downers Grove Office Space Available

      Office building in Downers Grove with many amenities.
      2651 Warrenville Rd Downers, Grove, IL 60515
      View Details
    • $19 SF/Yr

      Downers Grove Office Space Available

      Office building with convenient access and prominent signage opportunities.
      3075 Highland Parkway, Downers Grove, IL, 60515
      View Details
    • Contact for pricing

      Downers Grove Office Space Available

      Office space for rent near shopping and major highways.
      3041 Woodcreek Dr, Downers Grove, IL 60515
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      Medical office space available across from Advocate Good Samaritan Hospital.
      3800 Highland Avenue | Downers Grove, IL 60515
      View Details

    FAQs

    What type of property is this?
    Shopping center - Prime location with high visibility and traffic counts.
    Where is this shopping center located?
    The property is located at 1213 Butterfield Rd Downers Grove, IL.
    What are key features of this property?
    This property features: Prime Downers Grove location on Butterfield; High traffic volume: Over 50,000 VPD on Butterfield Road; Proximity to I‑355 & I‑88 interchange (approximately 177,000 VPD)
    (630) 954-7327 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Paul Bryant
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!