Flex Condo with Overhead
For Sale
$280,000
30W270 Butterfield Road Unit 104, Warrenville, IL 60555
Adaptable interior space can accommodate warehouse, office, or storage functions.
Property Size1,750 SF
Days on Market65
Property Features for 30W270 Butterfield Road Unit 104
General Information
Standard status
Active
Size
1,750 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$4,100
Building Details
Building Size
1,750 SF
Year Built
1990
Listing Agency:
Baird & Warner
Listed By:
Mary Tremonte
(630) 897-4700
Source:
Loncarrealty
Added: Aug 29
Changed: Oct 31
Last Checked: Nov 1 at 12:23PM
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 condo combines warehouse and office space with a private overhead door at the rear. The interior measures approximately 24 feet wide by 74 feet long. Existing walls and the drop ceiling can be removed to create a more open layout with additional ceiling height. The property was built in 1990 and has previously been used for food preparation.
The site is a few blocks from I-88 and a few miles from the Route 59 Metra station, with downtown Warrenville and Naperville nearby. Monthly assessments cover snow removal, landscaping, and common-area insurance.
The site is a few blocks from I-88 and a few miles from the Route 59 Metra station, with downtown Warrenville and Naperville nearby. Monthly assessments cover snow removal, landscaping, and common-area insurance.
Key Highlights
- Private rear overhead garage door measures 10 X 10
- Interior is approximately 24 feet wide by 74 feet long
- Removable walls and drop ceiling allow for a more open 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
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
NOI $18,428 @ 7.0% cap · market cap 6.58%
Second Best
Warehouse
$130.7K
$114.3K – $152.5K
NOI $9,147 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$604.2K
$528.7K – $704.9K
NOI $42,294 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable interior space can accommodate warehouse, office, or storage functions.
Where is this flex space located?
The property is located at 30W270 Butterfield Road 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 rear overhead garage door measures 10 X 10; Interior is approximately 24 feet wide by 74 feet long; Removable walls and drop ceiling allow for a more open interior
