Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17 Butterfield Rd Oakbrook Terrace, IL 60181
    Back to Search
    Property profile & analytics

    17 Butterfield Rd Oakbrook Terrace, IL 60181

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 17 Butterfield Rd

    Property type
    Land

    Description

    This exceptional 40,511 square foot commercial land parcel presents a remarkable investment opportunity in the highly sought-after Oak Brook Terrace, Illinois. Located at 17W632 Butterfield Road (APN: 06-22-300-025), this property is zoned B3-General Retail, offering a wide range of development possibilities. Situated in the heart of Oak Brook's vibrant commercial and employment corridor, the land boasts excellent visibility and accessibility. The property features frontage along Summit Avenue, adding to its strategic location. High traffic counts are a significant advantage, with 25,300 vehicles daily on Butterfield Road and 13,900 on Summit Avenue. The absence of on-site detention requirements simplifies development plans. Build-to-suit options may be considered. Annual property taxes are $12,878. The asking price for this exceptional property is $600,000. This is a rare opportunity to acquire a prime commercial land parcel in a thriving location. Contact us today for further details and to explore the potential of this outstanding investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oakbrook Terrace
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9743
    Latitude
    41.8508

    Comparable in this City

    • Value Estimation by Request
      53.00 Acres

      Randall Rd. & Recreation Dr

      Land • 53.00 Acres
      0 Randall Rd. & Recreation Dr, Villa Park, IL 60181
      View Details
    • Value Estimation by Request
      1.50 Acres

      554 North Ave

      Land • 1.50 Acres
      554 North Ave, Addison, IL 60181
      View Details
    • Value Estimation by Request
      3.01 Acres

      625 Van Buren St

      Land • 3.01 Acres
      625 Van Buren St, Villa Park, IL 60181
      View Details
    • Value Estimation by Request
      12.00 Acres

      1 Oakbrook Ter

      Land • 12.00 Acres
      0 1 Oakbrook Ter, Villa Park, IL 60181
      View Details
    • Value Estimation
      $38,260,000
      354,115 SF

      270 Wn Ave

      COMMERCIAL (GENERAL) • 354,115 SF
      270 Wn Ave, Villa Park, IL 60181-1100
      View Details
    • Value Estimation
      $795,000
      5,325 SF

      321 Kenilworth Ave

      COMMERCIAL (GENERAL) • 5,325 SF
      321 Kenilworth Ave, Villa Park, IL 60181-2641
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      53 Acres of Land Available

      53 acres of land available in West Dundee, Illinois.
      Randall Rd. & Recreation Dr, West Dundee, IL 60181
      View Details
    • $300,000

      Villa Park Vacant Lot

      Large lot suitable for industrial use or build-to-suit opportunity.
      204 E Hill St, Villa Park, IL 60181
      View Details
    • $600,000
      40,511 SF

      Oakbrook Terrace Commercial Land Available

      40,511 SqFt B3-General Retail zoned land in Oakbrook Terrace.
      17W632 Butterfield Rd, Oakbrook Terrace, IL 60181
      View Details
    • $999,000
      1.51 Acres

      Villa Park Vacant Land Site

      1.518 acre vacant land with 600 feet frontage.
      18W570 W North Ave, Villa Park, IL 60181
      View Details
    • $224,900
      0.95 Acres

      Villa Park Premium Lot

      Premium lot near school, shopping, and golf.
      650 E Van Buren St, Villa Park, IL 60181
      View Details
    • $160,000
      0.15 Acres

      Residential Lot in Villa Park

      Residential lot for sale in a prime Villa Park location.
      800 S Harvard Ave, Villa Park, IL 60181
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      53 SF

      Entitled Land Ready to Build

      Build-ready commercial land with full utilities available for rent.
      Randall Rd. & Recreation Dr, West Dundee, IL 60181
      View Details
    • Contact for pricing
      2,400 SF

      Retail/Office Space on North Avenue

      2,400 SF space available June 2026 on busy North Avenue.
      383 E North Ave, Villa Park, IL 60181
      View Details
    • Sponsored
      Contact for pricing

      IL, Oakbrook Terrace - 22nd St

      Discover many ways to work your way in IL, Oakbrook Terrace - 22nd St
      17W240 22Nd St, Oakbrook Terrace, IL 60181
      View Details
    • Contact for pricing

      Villa Park First Floor Office

      Remodeled office suite with conference room and kitchenette included.
      53 E Saint Charles Rd, Villa Park, IL 60181
      View Details
    • Contact for pricing
      100,000 SF

      Villa Park Retail Opportunity

      Retail space available in Villa Park shopping center.
      270 W Ave N, Villa Park, IL 60181
      View Details
    • Contact for pricing
      2,440 SF

      Retail Space in Anchored Center

      Retail space available in a high-traffic shopping center.
      17 Roosevelt Rd, Oakbrook Terrace, IL 60181
      View Details
    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.
    17 Butterfield Rd
    Oakbrook Terrace, IL 60181
    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
    17 Butterfield Rd, Oakbrook Terrace, IL, 60181
    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!