2707 Butterfield Rd Oak Brook, IL 60523-1278

Property Details for 2707 Butterfield Rd

Year built

1978

Lot size

3.07 lot acres

Property size

51,639 SF

Zone code

C

Property type

Office buildings

APN

06-28-104-009

APU

628104009

Description

This exceptional receivership sale presents a rare opportunity to acquire the Oak Brook Office Center, a 326,630 square foot Class B office complex situated on Butterfield Road in Hinsdale, Illinois. Comprising four three-story buildings (2707, 2803, 2805, and 2809 Butterfield Road), this property boasts a prime location with excellent visibility and exposure to approximately 193,000 vehicles per day along Interstate-88. Currently 32.5% occupied, the property generates a substantial net operating income (NOI) of approximately $228,000. Significant existing tenants include Olivet Nazarene University and Byline Bank, occupying over 20,000 square feet collectively, with leases extending through November 2026 and November 2025 respectively, offering immediate cash flow. The property features 1,127 surface parking spaces (3.61 per 1,000 square feet), ample for tenants and visitors. Building 2707 is currently vacant, presenting a unique opportunity for owner-users to establish their presence in this affluent western suburb. The ORA-1 zoning allows for diverse uses. Located near Oakbrook Center, the nation's top-performing regional mall, this property benefits from a dense population with high household incomes within a three-mile radius. This value-add opportunity allows for significant upside potential through lease-up and stabilization. The property's strategic location and strong existing cash flow make it an attractive investment for both owner-users and investors seeking a high-return opportunity in a thriving market.

Location Insight

City

Oak Brook

County

Dupage

State

Illinois

Longitude

-87.9881

Latitude

41.8432

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments