Property profile

3001 Butterfield Rd Oak Brook, IL 60523

FOR SALE
Commercial land
Property ID
US28-4768442
0.63 ac lot
Individually Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional ±2-acre commercial land parcel presents a unique development opportunity within the highly sought-after Oak Brook Promenade. Located at 3001 Butterfield Road in DuPage County, Illinois (zip code 60523), this property boasts unparalleled visibility from I-88 and its position along the high-traffic Butterfield Road, a major commercial artery. The site is ideally situated near prominent businesses, including McCormick and Schmick's, which anchors the Oak Brook Promenade. The surrounding area offers a wealth of amenities, including numerous restaurants and retail establishments, creating a vibrant and convenient environment. This location is strategically positioned less than two miles from the Butterfield Country Club and Butler National Golf Club, and is also conveniently close to the Oak Brook Shopping Center and Yorktown Mall. The property's proximity to major corporations such as Ace Hardware, Blistex, Federal Signal, and CenterPoint Properties, which have headquarters in Oak Brook, further enhances its appeal. With a median family income of $175,500, this location offers a strong demographic profile. The asking price for this prime development site is $2,200,000. This is a rare opportunity to acquire a highly visible and accessible land parcel in a thriving commercial area just 19 miles west of downtown Chicago.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.63 ac (27,443 SF)
APN 06-28-103-024
UPID US28-4768442

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
  • Charitable Organization Social Service Agency

Location

3001 Butterfield Rd Oak Brook, IL 60523
Oak Brook metro Census 844401 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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