Building Details

Year Built 1990

Listing Agency: Baird & Warner

Listed By: Mary Tremonte Show Phone

Source: Realtopiare

Added: Sep 4 Changed: Oct 17 Last Checked: Oct 7 at 1:07PM

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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 Baird & Warner

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Investment Insights

Based on property information with market context.

This flex-space condominium offers a private 10 X 10 overhead garage door at the rear, providing direct access into the unit. The interior can support warehouse, office, or combined uses, with existing partitions and equipment from a prior food-preparation operation. Walls may be removed to create a more open layout, while the drop ceiling can be taken out to increase interior height. The property was built in 1990.

The location is a few blocks from I88 Tollway and a few miles from Metra Route 59 Train access. Downtown Warrenville and Naperville are nearby, while downtown Chicago is approximately 40 minutes away. Monthly assessments cover snow removal, landscaping, and common insurance. Front and rear lighting serve the well-maintained area.

Key Highlights

• Private 10 X 10 overhead garage door provides rear access
• Flex condominium supports warehouse, office, or combined configurations
• Walls and drop ceiling may be removed for a more open, taller interior

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,428

Cap Rate

6.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$368,560 $368.6K

Cap Rate 7%

$263,257 $263.3K

Cap Rate 9%

$204,756 $204.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,750 SF

Gross rent

$31.5K $18.00/SF

− Vacancy

−$3.2K −$1.80/SF

EGI

$28.4K $16.20/SF

− OpEx

−$9.9K −$5.67/SF

NOI

$18.4K $10.53/SF

Area

DuPage County, IL

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$368,560

Cap Rate 7%

$263,257

Cap Rate 9%

$204,756

Alternative Uses

Best Use

Flex RnD

$263.3K

$230.4K – $307.1K (±1% cap)

NOI $18,428 @ 7.0% cap · market cap 6.58%

Second Best

Warehouse

$130.7K

$114.3K – $152.5K (±1% cap)

NOI $9,147 @ 7.0% cap · market cap 3.27%

Theoretical Best

Office A

$604.2K

$528.7K – $704.9K (±1% cap)

NOI $42,294 @ 7.0% cap · market cap 15.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Strategic Food Sales ... Big Box & Wholesale Store Img Business Related

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Garden Center Auto Parts Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

50

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 60555, IL

13,909

Population

5,894

Households

2.4

Avg Household Size

39

Median Age

44%

College-Educated

87%

High-School Grad

8.0 sq mi

ZIP Area

1,739

Density / Sq Mi

$100,076

Median Household Income

$51,371

Median Earnings

$1,757

Median Rent

$271,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Versatile commercial condominium with warehouse and office configuration options for business operations or storage use.

Where is this flex space located?

The property is located at 30 W270 Butterfield Rd Unit 104 Warrenville, IL.

What is the asking price?

The asking price for this property is $280,000.

What are key features of this property?

This property features: Private 10 X 10 overhead garage door provides rear access; Flex condominium supports warehouse, office, or combined configurations; Walls and drop ceiling may be removed for a more open, taller interior