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Property profile & analytics
OFF-MARKET
Estimated value
$3,180,000
Office buildings
17th Butterfield Rd, Oakbrook Terrace, IL 60181-4029
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-3330258
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
17,514 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C
APN
06-22-300-023
UPID
US28-3330258
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$3.18M
Owner & transaction history
First Midwest Bank · 4 yrs held
First Midwest Bank
since 2021
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
C · Oakbrook Terrace, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+38.8%
Commercial (general)
$3.6M
+26.1%
Retail stores
$3.3M
+15.5%
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 Oakbrook Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakbrook Terrace 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
$3,620,000
ML approach
$3,495,000
CAP Approach
CAP Return
Estimation
6%
$4,295,000
6.5%
$3,965,000
7%
$3,680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,840,000
Current use
MEDICAL BUILDING
$3,945,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,585,000
Change: +26% · Conversion: Easy
RETAIL STORES
$3,280,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$3.18M
Range $2.86M – $3.50M · ±10% · vs last sale $2.95M (Nov 22 2021)
Last sale anchor
$2.95M
Nov 22 2021
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
$182 / 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
$38,464
Tax year 2023
Assessed value
$659,040
Assessed 2023
Previous assessed
$627,180
+5.1% YoY
Effective rate
5.84%
On assessed value
Assessed land
$339,780
Assessed improvement
$319,260
Land market value
$1,019,340
Improvement market value
$957,780
Total market value
$1,977,120
Applied tax rate
6,112.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
NONE
Total area
17,514 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C
APN
06-22-300-023
UPID
US28-3330258
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Oakbrook Terrace, IL
Zoning C · permitted uses
C · Oakbrook Terrace, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oakbrook Terrace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES
Est. value
$3.3M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Lot
1.3 ac
Current owner
From public records · entity-resolved
First Midwest Bank
Entity
Mailing address
17TH BUTTERFIELD RD, OAKBROOK TERRACE, IL 60181-4029
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2024
—
Chicago Title Land Trust
—
Deed
related
$3,650,000 · Old National Bank
Nov 22, 2021
$2,950,000
First Midwest Bank
17w682 Butterfield LLC
Special Warranty Deed
$4,720,000 · First Midwest Bank
Jan 5, 2021
—
17w682 Butterfield LLC
Wheaton Franciscan Services INC
Special Warranty Deed
$3,000,000 · Providence Bank & Trust
Jan 29, 2016
—
Osf Services INC
Marianjoy Rehabilitation Hospo
Quit Claim Deed
related
—
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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