Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Rte 59 & Butterfield Rd Warrenville, IL 60555

    Sponsored
    For Sale
    Contact for pricing

    Prime 20-acre commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 20-acre parcel presents a rare infill development opportunity in Warrenville, Illinois. Located at the intersection of Route 59 and Butterfield Road, this property boasts a highly desirable location within DuPage County's thriving commercial sector. The land is zoned for both commercial and mixed uses, providing significant flexibility for a variety of development projects. Its strategic position offers unparalleled accessibility, situated less than 15 minutes from both Naperville and Wheaton. Furthermore, the property benefits from its proximity to the crucial I-88/Route 59 full interchange, ensuring seamless access for businesses and customers. This prime location is further enhanced by its inclusion within Warrenville's Tax Increment Financing (TIF) District, potentially offering attractive incentives for development. The property aligns perfectly with the city's Southwest Direct Plan, a visionary initiative designed to foster sustainable growth and development. This presents a unique chance for investors and developers to capitalize on a burgeoning area and contribute to Warrenville's continued expansion. The 60555 zip code ensures easy access to a robust infrastructure and a strong local economy. This is a truly exceptional opportunity to acquire a significant land parcel in a prime location with significant growth potential.

    Property Features for 0 Rte 59 & Butterfield Rd

    General Information

    Property type
    Land
    Lot Size
    871,200 SF

    We can help!

    Listing Contact
    Tuyen Nguyen
    Tuyen Nguyen

    Learn more

    HighLights

    • Prime location, under 15 minutes from Naperville and Wheaton.
    • Excellent highway access via I‑88/Route 59 interchange.
    • Rare large infill development site in Warrenville.
    • Aligned with Warrenville's Southwest Direct Plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Warrenville
    County
    DuPage
    State
    Illinois
    Longitude
    -88.2036852
    Latitude
    41.8205634

    Nearby Comparable

    • $299,000
      1,415 SF

      Renovated Townhome in Warrenville Lakes

      Modern, renovated townhome with chef's kitchen and abundant natural light.
      2S778 Timber Dr, Warrenville, IL 60555
      View Details
    • $1,300,000
      0.72 Acres

      Warrenville Multifamily Investment Opportunity

      Eight-unit building near I-88 with renovation upside.
      29W543 Batavia Rd, Warrenville, IL 60555
      View Details
    • Contact for pricing

      Prime Land Parcel in Warrenville

      20-acre commercial/mixed-use land in Warrenville's TIF District.
      3 State Route 59, Warrenville, IL 60555
      View Details
    • $14,250,000
      2.74 Acres

      Naperville Entertainment Complex

      High-traffic, NNN leased entertainment venue.
      3103 Odyssey Ct, Naperville, IL 60563
      View Details
    • $599,000
      14.70 Acres

      Luxury Motor Condo in Naperville

      Exclusive motor condo with premium finishes and convenient location.
      2112 Ferry Rd, Naperville, IL 60563
      View Details
    • Contact for pricing

      1.17 Acre Development Site

      1.17 acre development site in Naperville Township.
      Ferry Rd, Naperville, IL 60563
      View Details
    • $1,778,040

      Improved Land with Two Accesses

      Improved industrial/office land with utilities and flexible options.
      Calumet Ave W, Warrenville, IL 60555
      View Details
    • $725,000
      14.70 Acres

      Iron Gate End Unit

      Premier automotive enthusiast condo in Naperville's Iron Gate community.
      2256 Ferry Rd, Naperville, IL 60563
      View Details
    • $599,000
      14.70 Acres

      Luxury Garage Living Condo

      Three-level garage condo designed for collectors and entrepreneurs.
      2244 Ferry Rd, Naperville, IL 60563
      View Details
    • Contact for pricing
      2.20 Acres

      Cantera Outlot: Prime I-88 Land

      2.2-acre commercial land, high visibility.
      0 Swc I-88 & Diehl Rd, Naperville, IL 60555
      View Details
    • $2,370,583

      Prime Corner Commercial Land Available

      Corner lot suitable for retail, office, hotel, or restaurant.
      Diehl Rd, Naperville, IL 60563
      View Details
    • Contact for pricing
      1 SF

      Development Site Near I-88

      Naperville Township development site with strong traffic and demographics.
      1.17 Acres Fry Rd, Warrenville, IL 60555
      View Details

    Nearby Similar for Sale

    • $250,000
      9.13 Acres

      Versatile Office Space in Warrenville

      Corner unit with private offices, meeting room, and storage.
      4200 Cantera Dr, Warrenville, IL 60555
      View Details
    • $1,300,000
      0.72 Acres

      Warrenville Multifamily Investment Opportunity

      Eight-unit building near I-88 with renovation upside.
      29W543 Batavia Rd, Warrenville, IL 60555
      View Details
    • $299,000
      1,415 SF

      Renovated Townhome in Warrenville Lakes

      Modern, renovated townhome with chef's kitchen and abundant natural light.
      2S778 Timber Dr, Warrenville, IL 60555
      View Details
    • Contact for pricing
      22,790 SF

      Showroom/Warehouse Space with I-88 Access

      22,790 SF showroom/warehouse with immediate I-88 access.
      4630 Weaver Pkwy, Warrenville, IL 60555
      View Details
    • Contact for pricing
      60,000 SF

      Cantera Pointe Office Space

      Office space for lease in Cantera Business Park.
      4355 Weaver Pkwy, Warrenville, IL 60555
      View Details
    • Contact for pricing
      23,278 SF

      Warrenville Office Center Suites

      Office suites with private entrances, restrooms, and independent utilities.
      3S721 West Ave, Warrenville, IL 60555
      View Details
    • $2,690,000
      10,354 SF

      Retail Building in Cantera Trade

      10,354 SF building on 1.6 acre pad.
      Diehl Rd, Warrenville, IL 60555
      View Details
    • $520,000
      3,109 SF

      Well-Appointed Office with Patio

      Office space featuring custom furnishings, patio, and ample parking.
      28365 Davis Pkwy, Warrenville, IL 60555
      View Details
    • $565,000
      3,225 SF

      Warrenville Office Space for Sale

      Modern Office, Prime Location, Ample Parking
      28377 Davis Pkwy, Warrenville, IL 60555
      View Details
    • $320,910
      1,689 SF

      Warrenville Office Condo - Class A

      1,689 SF Office Condo, Prime Location
      4200 Cantera Dr, Warrenville, IL 60555
      View Details

    FAQs

    What type of property is this?
    Land - Prime 20-acre commercial land, ideal for development.
    Where is this land located?
    The property is located at Rte 59 & Butterfield Rd Warrenville, IL.
    What are key features of this property?
    This property features: Prime location, under 15 minutes from Naperville and Wheaton.; Excellent highway access via I-88/Route 59 interchange.; Rare large infill development site in Warrenville.
    Request Owner's contact information
    Rte 59 & Butterfield Rd Warrenville, IL 60555
    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.
    Rte 59 & Butterfield Rd
    Warrenville, IL 60555
    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
    Rte 59 & Butterfield Rd Warrenville, IL 60555
    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

    We can help!
    Listing Contact
    Tuyen Nguyen
    Tuyen Nguyen
    Real Estate License ID: IL
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.