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    3001 Butterfield Rd Oak Brook, IL 60523

    Sponsored
    For Sale
    $2,200,000

    ±2 Acres, Retail Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional ±2-acre commercial land parcel presents a unique development opportunity within the highly sought-after Oak Brook Promenade. Located at 3001 Butterfield Road in DuPage County, Illinois (zip code 60523), this property boasts unparalleled visibility from I-88 and its position along the high-traffic Butterfield Road, a major commercial artery. The site is ideally situated near prominent businesses, including McCormick and Schmick's, which anchors the Oak Brook Promenade. The surrounding area offers a wealth of amenities, including numerous restaurants and retail establishments, creating a vibrant and convenient environment. This location is strategically positioned less than two miles from the Butterfield Country Club and Butler National Golf Club, and is also conveniently close to the Oak Brook Shopping Center and Yorktown Mall. The property's proximity to major corporations such as Ace Hardware, Blistex, Federal Signal, and CenterPoint Properties, which have headquarters in Oak Brook, further enhances its appeal. With a median family income of $175,500, this location offers a strong demographic profile. The asking price for this prime development site is $2,200,000. This is a rare opportunity to acquire a highly visible and accessible land parcel in a thriving commercial area just 19 miles west of downtown Chicago.

    Property Features for 3001 Butterfield Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    87,120 SF

    HighLights

    • ±2‑acre commercial land parcel in Oak Brook Promenade, DuPage County, IL (60523).
    • High visibility from I‑88 and Butterfield Road.
    • Surrounded by restaurants and retail, anchored by McCormick & Schmick's.
    • Less than two miles from Butterfield Country Club and Butler National Golf Club.
    • Convenient proximity to Oak Brook Shopping Center and Yorktown Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Movement Technology Institute Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Brook
    County
    DuPage
    State
    Illinois
    Longitude
    -87.993453491419
    Latitude
    41.839612734846

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    FAQs

    What type of property is this?
    Individual retail property - ±2 Acres, Retail Development Opportunity
    Where is this individual retail property located?
    The property is located at 3001 Butterfield Rd Oak Brook, IL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: ±2-acre commercial land parcel in Oak Brook Promenade, DuPage County, IL (60523).; High visibility from I-88 and Butterfield Road.; Surrounded by restaurants and retail, anchored by McCormick & Schmick's.
    (312) 756-7337
    Request Owner's contact information
    3001 Butterfield Rd Oak Brook, IL 60523
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    Oak Brook, IL 60523
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    Realmo Value Estimation

    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.

    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.

    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
    3001 Butterfield Rd Oak Brook, IL 60523
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