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    340 Butterfield Rd Elmhurst, IL 60126

    For Sale
    $220,000

    Profitable 2,200 SF Office Suite

    Property size:
    2,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,200 square foot Class C executive office condo in Elmhurst, Illinois, presents a compelling owner-user or investment opportunity. Located at 340 W Butterfield Rd, Suite LLA, this multi-tenant property boasts three individual units currently operating at 100% occupancy, generating substantial income. The asking price is $220,000, translating to $100 per square foot. Two tenants enjoy month-to-month leases, having occupied their spaces for over seven years, demonstrating strong tenant loyalty and stability. A third tenant recently signed a three-year lease commencing December 1, 2024, providing long-term income security. Monthly rental income currently totals $2850, with one tenant paying $900, another $450, and the third $1500. The entire suite is in excellent condition. Building amenities include a complimentary 24-hour fitness center and a large conference room available for rental at a reasonable rate. Ample parking is also provided. This turnkey investment offers a blend of immediate income and long-term growth potential in a desirable DuPage County location, zip code 60126. The property is offered on a gross lease basis.

    Property Features for 340 Butterfield Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,200 SF
    Class
    C

    Building Details

    Units
    3

    HighLights

    • Excellent condition throughout the suite.
    • Free 24‑hour fitness center for all tenants.
    • Large conference room available for rent at competitive rates.
    • Abundant on‑site parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Oak Brook Dental ... Dental Clinic Dr. Victoria Grannan-Manchen, ... Dental Clinic Summit League Sports Club Sensational Smiles Dentist Nickas Jeffrey a DDS Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9495246
    Latitude
    41.8649977

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    FAQs

    What type of property is this?
    Office Property / Space - Profitable 2,200 SF Office Suite
    Where is this office property / space located?
    The property is located at 340 Butterfield Rd Elmhurst, IL.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Excellent condition throughout the suite.; Free 24-hour fitness center for all tenants.; Large conference room available for rent at competitive rates.
    (708) 302-3570
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    340 Butterfield Rd Elmhurst, IL 60126
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    Elmhurst, IL 60126
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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
    340 Butterfield Rd Elmhurst, IL 60126
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