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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Turn key restaurants
1341 Butterfield Rd, Downers Grove, IL 60515-1036
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0639486
Property summary
AI-generated overview
This exceptional restaurant opportunity is located at 1341 Butterfield Road in Downers Grove, Illinois, zip code 60515. The property boasts a substantial 6,914 square feet of building space situated on a 1.1-acre lot. The property's Assessed Parcel Number (APN) is 06-30-409-022. This single-tenant retail space is ideally suited for a thriving restaurant business, benefiting from its prime location and significant square footage. The property's size allows for ample seating, kitchen space, and potential for expansion or modification to suit a variety of culinary concepts. The high-traffic location on Butterfield Road ensures excellent visibility and accessibility for customers. Detailed financial information and operational specifics are available upon request. Serious inquiries only. This is a confidential listing
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2001
Total area
6,247 SF
Lot
1.1 ac (47,916 SF)
Zoning code
C
APN
06-30-409-022
UPID
US28-0639486
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Casa Margarita Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$545k
Owner & transaction history
Butterfield Coml Prop LLC · 7 yrs held
Butterfield Coml Prop LLC
since 2018
7 recorded transactions
Zoning & alternative use
C · Downers Grove, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Downers Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downers Grove submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$545k
Range $491k – $600k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$87 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$38,648
Tax year 2023
Assessed value
$649,280
Assessed 2023
Previous assessed
$617,890
+5.1% YoY
Effective rate
5.95%
On assessed value
Assessed land
$215,130
Assessed improvement
$434,150
Land market value
$645,390
Improvement market value
$1,302,450
Total market value
$1,947,840
Applied tax rate
6,123.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2001
Heating
NONE
Total area
6,247 SF
Lot
1.1 ac (47,916 SF)
Zoning code
C
APN
06-30-409-022
UPID
US28-0639486
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Downers Grove, IL
Zoning C · permitted uses
C · Downers Grove, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downers Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Lot
1.1 ac
Current owner
From public records · entity-resolved
Butterfield Coml Prop LLC
Entity
Mailing address
32 S LA GRANGE RD, LA GRANGE, IL 60525-2492
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2018
$2,042,000
Butterfield Coml Prop LLC
Bba Butterfield LLC
Grant Deed
$2,300,000 · Wheaton Bk&tr
Mar 13, 2014
$9,000,000
Bba Butterfield LLC
Butterfield 1341 LLC
Grant Deed
—
Jun 29, 2010
$2,630,000
Butterfield 1341 LLC
Trust 3976
Grant Deed
$2,630,000 · First Community Bank
Nov 8, 2002
—
Western Springs Natl Bk & Tr
West Suburban Bank
Quit Claim Deed
related
—
—
—
West Suburban Bnak Ttee
—
Deed Of Trust
related
$500,000 · First Bank Highland Park
—
—
International Restaurant Conce
—
Loan Modification
related
$1,288,652 · Leaders Bank
—
—
Buona Beef INC
—
Deed Of Trust
related
$1,700,000 · Leaders Bank
—
—
Western Springs Natl Bank Ttee
—
Deed Of Trust
related
$75,000 · Western Springs Nat'l Bk & Tr
—
—
Trust 3976
—
Deed Of Trust
related
$220,000 · Harris NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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