Property profile

1461 Butterfield Rd Downers Grove, IL 60515

OFF-MARKET
Turn key restaurants
Property ID
US28-5869600
12,129 SF 1.99 ac lot Built 1983
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional ±11,354 square foot restaurant building presents a rare opportunity in the highly desirable Downers Grove market. Situated on a nearly two-acre pad site at 1461 Butterfield Road, this property boasts an impressive 300 feet of frontage on a major thoroughfare with a daily traffic count of 50,800 vehicles. The building is fully equipped and includes a spacious 1,300 square foot outdoor patio, perfect for al fresco dining. Ample parking is available with capacity for over 150 cars. This prime location benefits from its proximity to two prominent shopping destinations: the Von Maur-anchored Yorktown Mall and the Nordstrom-anchored Oakbrook Center, ensuring high visibility and significant foot traffic. The property's location in DuPage County, Illinois (zip code 60515), places it within one of Chicagoland's strongest regional markets, offering exceptional potential for a thriving restaurant business. The property's APN is 06-30-407-013. This single-tenancy retail/restaurant property is ready for immediate occupancy. The property is zoned for restaurant use.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1983
Total area 12,129 SF
Lot 1.99 ac (86,684 SF)
Zoning code C
APN 06-30-407-013
UPID US28-5869600

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Location

1461 Butterfield Rd Downers Grove, IL 60515-1004
Downers Grove metro Census 844401 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$710k

Owner & transaction history

since 2007
3 recorded transactions
2007
$3.2M
2007
$2.6M
2006
Price N/A

Zoning & alternative use

C · Downers Grove, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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