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    2805 Butterfield Rd Oak Brook, IL 60523

    Sponsored
    For Lease
    Contact for pricing

    17 Acres, Prime Location, Divisible

    Lot size:
    217,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 17-acre commercial land parcel presents a remarkable redevelopment opportunity in the highly desirable Oak Brook, Illinois market. Situated at the southeast corner of Butterfield Road and Meyers Road, this property offers unparalleled visibility and accessibility. The site is divisible, allowing for flexibility in development plans to suit various retail needs. Its strategic location provides convenient access to major transportation arteries, including being approximately 30 minutes from downtown Chicago and within 20 minutes of both O'Hare and Midway International Airports. This makes it an ideal location for businesses seeking a strong presence in a thriving commercial hub. The property benefits from its proximity to two major shopping malls: Oakbrook Center, a 2 million square foot mall attracting over 20 million visitors annually, and Yorktown Center, a 1.4 million square foot mall drawing over 8 million visitors yearly. This high-traffic area ensures significant exposure for any development on this prime real estate. Four individual spaces are currently available, making this an attractive option for multiple tenants or a single large-scale project. The address is 2805 Butterfield Rd, Oak Brook, IL 60523.

    Property Features for 2805 Butterfield Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    217,800 SF

    Unit(s) available at that property

    Space
    OUTLOT 1
    Size
    51,401 SF
    Space
    OUTLOT 2
    Size
    50,530 SF
    Space
    OUTLOT 3
    Size
    58,370 SF
    Space
    OUTLOT 4
    Size
    57,499 SF

    HighLights

    • Exceptional redevelopment opportunity at the intersection of Butterfield Road and Westmore/Meyers Road in Oak Brook, IL.
    • High‑traffic location with excellent visibility.
    • Prominent corner lot ideal for a variety of commercial uses.
    • Significant development potential in a thriving market.
    • Access to a strong workforce and affluent consumer base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neurohealth Associates Psychoneurological Specialized Clinic GDF SUEZ Energy ... Electrical Supply Store Fash Wealth Advisors ... Financial Planner Chris Fash - Private ... Financial Planner Lynn Kaufman - Financial ... Financial Planner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Brook
    County
    Cook
    State
    Illinois
    Longitude
    -87.988342703426
    Latitude
    41.842819495419

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    FAQs

    What type of property is this?
    Land - 17 Acres, Prime Location, Divisible
    Where is this land located?
    The property is located at 2805 Butterfield Rd Oak Brook, IL.
    What are key features of this property?
    This property features: Exceptional redevelopment opportunity at the intersection of Butterfield Road and Westmore/Meyers Road in Oak Brook, IL.; High-traffic location with excellent visibility.; Prominent corner lot ideal for a variety of commercial uses.
    Request Owner's contact information
    2805 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
    2805 Butterfield Rd Oak Brook, IL 60523
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