Property profile

2115 Butterfield Rd Oak Brook, IL 60523

FOR SALE
Office buildings
Property ID
US28-5719272
50,422 SF 2.28 ac lot Built 1979
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 50,422 SF
Lot 2.28 ac (99,317 SF)
Zoning code C
APN 06-22-303-003
UPID US28-5719272

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
  • Business To Business Service

Location

2115 Butterfield Rd Oak Brook, IL 60523
Oak Brook metro Census 844501 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.69M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.92M
Blend (final) Blend
$4.71M

Owner & transaction history

since 2022
Last sale
$4.1M
7 recorded transactions
2022
Price N/A
2022
$4.1M
2017
Price N/A
2006
Price N/A
2004
$10.5M
1998
$6.6M
1969
Price N/A

Zoning & alternative use

C · Oak Brook, 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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More about this property
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