Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3051 Butterfield Rd Oak Brook, IL 60523

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Retail Space, High Visibility, Fully Built-Out

    Lot size:
    1 SF

    Property Features for 3051 Butterfield Rd

    General Information

    Property type
    Retail space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Spaces For Lease

    at 3051 Butterfield Rd, Oak Brook, IL 60523 Contact us

    We can help!

    Listing Contact
    Brendan Reedy
    Brendan Reedy

    Listing Agency: Mid-America Real Estate Corporation Listing Agent: Brendan Reedy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail opportunity is located within the Oak Brook Promenade, a premier dining and lifestyle center in one of Chicago's most desirable suburban retail markets. Situated at 3051 Butterfield Road in DuPage County, Illinois (zip code 60523), this property offers a single available space ideal for a variety of retail uses. The space is a fully built-out restaurant space, featuring a large patio area, perfect for outdoor dining. Benefit from exceptional visibility to a high volume of daily traffic (65,000 vehicles per day) at the Butterfield Road and Meyers Road intersection. The property also enjoys prominent billboard visibility along the I-88 Tollway, ensuring maximum brand exposure. This location is strategically positioned less than two miles from the renowned Oak Brook Center and a half-mile from Yorktown Mall, providing access to a substantial customer base. The surrounding area boasts impressive population density and high average incomes, creating a strong market for retail businesses. The property type is retail, specifically a multi-tenant space with small shops and a junior anchor. This is a truly unique opportunity to establish a thriving business in a high-traffic, affluent area. The space is categorized as a small shop end-cap.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kona Grill - Oak ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store 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
    -87.994150796832
    Latitude
    41.841367733478

    Nearby Similar for Lease

    • Contact for pricing

      Countryside Office Suites For Rent

      Office suites available for rent with included amenities.
      6502 Joliet Rd, Countryside, IL 60525
      View Details
    • Contact for pricing

      IL, Oak Brook - Oak Brook Pointe

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      700 Commerce Dr Oak Brk, Oak Brook, IL 60523
      View Details
    • Sponsored
      Contact for pricing

      Regency Towers

      Discover many ways to work your way in Regency Towers
      1415 22 St Tower Fl Oak Brk, Oak Brook, IL 60523
      View Details
    • $15 SF/Yr
      7,528 SF

      Class A Office Space Available

      Two-building Class A property in Oak Brook for rent.
      1420 Kensington Rd, Oak Brook, IL 60523
      View Details
    • $19 SF/Yr
      70,497 SF

      Oak Brook Office Space Available

      Office space available for lease in Oak Brook, Illinois.
      915 Harger Rd, Oak Brook, IL 60523
      View Details
    • $15 SF/Yr
      3,100 SF

      Oak Brook Two-Story Office Building

      27,498 SF office building with suites from 500-3,100 SF.
      2210 Midwest Rd, Oak Brook, IL 60523
      View Details
    • Contact for pricing

      Three-Story Office Building For Rent

      Three-story office building with open floor plans available for rent.
      2100 Swift Dr, Oak Brook, IL 60523
      View Details
    • $17 SF/Yr

      Modernist Office Building in Oak Brook

      Unique office building with prominent signage and flexible floorplan.
      2200-2222 Kensington Ct, Oak Brook, IL 60523
      View Details
    • $25 SF/Yr

      Renovated Office Space in Oak Brook

      2,154 SF office condo near Oak Brook Center.
      600 Enterprise Dr, Oak Brook, IL 60523
      View Details
    • Contact for pricing
      24,384 SF

      Class A Office Campus

      Premier office space in Oak Brook, near Oakbrook Center mall.
      2001 Spring Rd, Oak Brook, IL 60523
      View Details
    • Contact for pricing
      6,300 SF

      Restaurant Pads in Oak Brook

      Restaurant pads available at a fully signalized intersection.
      1050 W 22Nd St, Oak Brook, IL 60523
      View Details
    • $17 SF/Yr
      36,720 SF

      Modernist Office Building in Oak Brook

      Unique office building with prominent signage and flexible floorplan.
      2200 Kensington Ct, Oak Brook, IL 60523
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime Retail Space, High Visibility, Fully Built-Out
    Where is this retail space located?
    The property is located at 3051 Butterfield Rd Oak Brook, IL.
    What are key features of this property?
    This property features: Exceptional retail space available in Oak Brook Promenade, a premier DuPage County shopping center.; Located at 3051 Butterfield Road, Oak Brook, IL 60523, with high visibility and daily traffic counts exceeding 65,000 vehicles.; Fully built-out restaurant space with a large patio, ideal for outdoor dining.
    (630) 954-7390 Call to check price and availability
    Request Owner's contact information
    3051 Butterfield Rd Oak Brook, IL 60523
    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.
    3051 Butterfield Rd
    Oak Brook, IL 60523
    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
    3051 Butterfield Rd Oak Brook, IL 60523
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brendan Reedy
    Brendan Reedy
    (630) 954-7390 (630) 954-7327
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!