Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Professional Office Units Available Title is generated by Realmo AI

    1275 Butterfield Rd, Wheaton, IL 60189

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Small office units for professional businesses in Wheaton, Illinois.

    Type:Office
    Added:
    Dec 20, 2022
    Days on Market:
    1265
    Last Refresh:
    May 13 at 8:04 pm

    Property Features for 1275 Butterfield Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1970

    Spaces For Lease

    at 1275 Butterfield Rd Contact us

    Suite 202 $20/Mo

    Size
    1,855 SF
    Type
    Office
    Second floor medical space. Previously a dentist suite. Suite features reception,...
    show more
    Contact us

    Suite 104 $20/Mo

    Size
    1,222 SF
    Type
    Office
    Versa Real Estate Services has been retained as the exclusive leasing agent for 1275...
    show more
    Contact us

    Suite 204 $20/Mo

    Size
    1,147 SF
    Type
    Office
    Versa Real Estate Services has been retained as the exclusive leasing agent for 1275...
    show more
    Contact us

    Suite 206 $20/Mo

    Size
    1,254 SF
    Type
    Office
    Versa Real Estate Services has been retained as the exclusive leasing agent for 1275...
    show more
    Contact us

    Suite 102 $20/Mo

    Size
    1,131 SF
    Type
    Office
    Versa Real Estate Services has been retained as the exclusive leasing agent for 1275...
    show more
    Contact us

    Suite 200 $20/Mo

    Size
    3,491 SF
    Type
    Office
    Second floor office space. Suite features up to 6 private offices, reception area...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Ryan Moen
    Ryan Moen

    Listing agent Ryan Moen License #IL 471011256

    Listing office Versa Real Estate Services

    Listing date Dec 20, 2022

    Source Crexi

    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 Versa Real Estate Services

    HighLights

    • Located off the corner of Butterfield Rd and Naperville Rd.
    • Danada shopping center adjacent to the property.
    • Offers small units.
    • Suitable for professional businesses.
    • Property in Wheaton, Illinois.
    • Year Built: 1970.

    Overview

    Located in Wheaton, Illinois, at 1275 E Butterfield, this property offers small office units suitable for professional businesses. The property is positioned off the corner of Butterfield Road and Naperville Road, adjacent to the Danada shopping center.
    Location Intelligence

    Current Use by Public Records

    O'Flaherty Law Law Firm Accurity Midwest Real Estate Agency RAS EHS Solutions Association Or Organization Tim Hashlamoun, Exit ... Real Estate Agency License Holding Company Real Estate Agency

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheaton
    County
    DuPage
    State
    Illinois
    Longitude
    -88.087972
    Latitude
    41.82977

    Nearby Similar for Lease

    • Contact for pricing

      Commercial Space in Wheaton, Illinois

      Commercial space available for rent in Wheaton, Illinois.
      610 W Roosevelt Road, Wheaton, IL 60187
      View Details
    • Contact for pricing
      1,500 SF

      Downtown Wheaton Office Space Available

      Prime office suites in a vibrant downtown setting.
      114 N Hale Street, Wheaton, IL 60187
      View Details
    • $20 SF/Yr
      14,458 SF

      Retail Space on Main Street

      Retail space with parking in front and rear.
      Wheaton, IL 60187
      View Details
    • Contact for pricing

      Downtown Wheaton Office Spaces

      Prime office spaces for lease in downtown Wheaton.
      114 N Hale Street, Wheaton, IL 60187
      View Details
    • Contact for pricing

      Commercial Space in Wheaton, IL

      Commercial real estate for rent in Wheaton, Illinois.
      114 N Hale Street, Wheaton, IL 60187
      View Details
    • $20 SF/Yr
      1,634 SF

      Retail Space on Main Street

      Charming retail space with parking in front and rear.
      1501-1525 N Main St, Wheaton, IL
      View Details
    • $19 SF/Yr
      2,540 SF

      Office Space in Busy Corridor

      545 SF office space in a busy office corridor.
      416 E Roosevelt Rd, Wheaton, IL
      View Details
    • Contact for pricing
      6,217 SF

      Wheaton Restaurant Lease Opportunity

      Restaurant building for lease in Wheaton Danada trade area.
      50 East Loop Road, Wheaton, IL, 60189
      View Details
    • $22 SF/Yr
      600 SF

      Downtown Wheaton Retail Space Available

      Retail suites available in downtown Wheaton, close to transportation.
      103-104 E Front St, Wheaton, IL
      View Details
    • Contact for pricing
      49,082 SF

      Wheaton Retail Hub for Lease

      Premier retail destination in Wheaton with high traffic and visibility.
      2007 South Naperville Road, Wheaton, IL, 60189
      View Details
    • Contact for pricing

      Restaurant Space Available For Rent

      Second generation restaurant space available on S. Naperville Rd.
      2042 S. Naperville Road | Wheaton, IL 60189
      View Details
    • Contact for pricing
      8,151 SF

      Wheaton Retail Space For Rent

      Retail space available in the heart of Wheaton, Illinois.
      311-391 Town Sq, Wheaton, IL
      View Details

    FAQs

    What type of property is this?
    Office units - Small office units for professional businesses in Wheaton, Illinois.
    Where is this office units located?
    The property is located at 1275 Butterfield Rd Wheaton, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Located off the corner of Butterfield Rd and Naperville Rd.; Danada shopping center adjacent to the property.; Offers small units.
    (630) 480-6017 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Moen
    Ryan Moen
    Real Estate License ID: IL 471011256
    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

    Thank You for Inquiry
    1275 Butterfield Rd, Wheaton, IL 60189
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!