Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2115 Butterfield Rd Oak Brook, IL 60523
    Property profile & analytics

    2115 Butterfield Rd, Oak Brook, IL 60523

    View on Map
    • Office buildings
    • 50,422 SF
    • 2.28 lot acres
    For Sale
    $5,650,000
    View Listing →
    Modern Office Building For Sale For Sale
    $5,650,000
    50,564 SF

    Modern Office Building For Sale

    Centrally located, upgraded office building with flexible floor plans.

    2115 Butterfield Rd, Oak Brook, IL 60523
    View Listing
    Property ID
    US28-5719272
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Q-Tech Communications / Business To Business Service

    Property Details for 2115 Butterfield Rd

    Year built
    1979
    Lot size
    2.28 lot acres
    Property size
    50,422 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    06-22-303-003
    APU
    622303003

    Description

    This exceptional three-story office building, located at 2115 Butterfield Road in Oak Brook, Illinois, presents a compelling investment opportunity. Boasting a total of 50,564 square feet of net rentable space, this property is zoned B-3 and offers flexible floor plans ideal for a variety of businesses. Built in 1980 and extensively renovated in 2023, the building benefits from a wealth of recent upgrades. These include a brand-new roof, a completely updated HVAC system, modern exterior sliding doors, and touchless restrooms for enhanced hygiene and convenience. Safety and security are prioritized with a newly installed fire alarm monitoring system. Common areas have also undergone recent upgrades, reflecting a commitment to maintaining a high-quality environment. The building is equipped with fiber internet access for high-speed connectivity and features redundant power sources along with a backup generator to ensure uninterrupted operations. The asking price is $5,650,000, translating to $111.74 per square foot. This centrally located property in DuPage County, zip code 60523, offers an unparalleled combination of modern amenities and a prime location in the thriving Oak Brook market. This is a rare opportunity to acquire a fully modernized, high-performing office building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,705,000
      ML approach
      $4,690,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,916,000
      Market price range: $554k - $5.01M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oak Brook
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9715
    Latitude
    41.8508
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $84,098
    $594,510
    $1,255,580
    $1,850,090
    -
    $1,783,530
    $3,766,740
    $5,550,270

    Comparable in this City

    • Value Estimation
      $11,060,000
      111,306 SF

      2715 Jorie Blvd

      OFFICE BUILDING • 111,306 SF
      2715 Jorie Blvd, Oak Brook, IL 60523-2160
      View Details
    • Value Estimation
      $16,160,000
      142,352 SF

      900 Jorie Blvd

      OFFICE BUILDING • 142,352 SF
      900 Jorie Blvd, Oak Brook, IL 60523-2213
      View Details
    • Value Estimation
      $13,240,000
      442,326 SF

      1415 22nd St

      OFFICE BUILDING • 442,326 SF
      1415 22nd St, Oak Brook, IL 60523-2074
      View Details
    • Value Estimation
      $22,520,000
      205,536 SF

      800 Jorie Blvd

      OFFICE BUILDING • 205,536 SF
      800 Jorie Blvd, Oak Brook, IL 60523-2296
      View Details
    • Value Estimation by Request
      1,113 SF

      1st Smt Avee-1

      OFFICE BUILDING • 1,113 SF
      1st Smt Avee-1, Oak Brook, IL 60523
      View Details
    • Value Estimation by Request
      1,089 SF

      1st Smt Avee-4

      OFFICE BUILDING • 1,089 SF
      1st Smt Avee-4, Oak Brook, IL 60523
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Oak Brook Regency Towers For Sale

      Prominent office towers with amenities near Oakbrook Center shopping mall.
      1415 W 22Nd St, Oak Brook, IL 60523
      View Details
    • Contact for pricing

      Suburban Office Building Near Highways

      Two-story office building near major highways with flexible office space.
      2210 Midwest Rd, Oak Brook, IL 60523
      View Details
    • Contact for pricing

      Two-Story Office Building with Garage

      63,345 SF office building with heated garage and amenities.
      701 Harger Rd, Oak Brook, IL 60523
      View Details
    • Contact for pricing
      33,000 SF

      Redevelopment Opportunity in Oak Brook

      High visibility location with easy expressway access in Oak Brook.
      715 Enterprise Dr, Oak Brook, IL 60523
      View Details
    • Contact for pricing
      50,564 SF

      Modern Office Building For Sale

      Centrally located, upgraded office building with flexible floor plans.
      2115 Butterfield Rd, Oak Brook, IL 60523
      View Details
    • Contact for pricing

      Class B Office Building

      Three-story office building near Oakbrook Center mall with recent upgrades.
      814 Commerce Dr, Oak Brook, IL 60523
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Complex

      Three-story office complex with on-site management and heated parking.
      2301 W 22Nd St, Oak Brook, IL 60523
      View Details
    • $29 SF/Yr
      67,000 SF

      Oak Brook Office Building Space

      67,000 SF office building located in Oakbrook Center.
      120 Oakbrook Ctr, Oak Brook, IL 60523
      View Details
    • Contact for pricing

      Class A Office Building

      Three-story office building in Oak Brook, Illinois, for rent.
      814 Commerce Dr, Oak Brook, IL 60523
      View Details
    • Contact for pricing

      Renovated Office Building in Oak Brook

      Three-story office building with open floor plans and ample parking.
      2100 Swift Dr, Oak Brook, IL 60523
      View Details
    • $22 SF/Yr
      35,000 SF

      Oak Brook Office Technology Campus

      Office space for rent in the heart of Oak Brook.
      810 Jorie Blvd, Oak Brook, IL 60523
      View Details
    • Contact for pricing

      Oak Brook Office Center Campus

      Four-building campus with renovated spaces for lease in Oak Brook.
      2803 Butterfield Rd, Oak Brook, IL 60523
      View Details
    View Listing
    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.
    2115 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
    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
    2115 Butterfield Rd, Oak Brook, IL, 60523
    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!