Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    340 Butterfield Rd Ste 2c Elmhurst, IL 60126-5042
    Property profile & analytics

    340 Butterfield Rd Ste 2c, Elmhurst, IL 60126-5042

    View on Map
    • Office buildings
    • 3,927 SF
    • 2.16 lot acres
    Off-Market
    Last Sale Jan 3, 2022
    $300,000
    Property ID
    US28-5716337
    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

    • Oak Brook Dental Center / Dental Office
    • Dr. Victoria Grannan-Manchen, DDS / Dental Office
    • Summit League / Gym & Fitness Center / Sports Field & Court
    • Sensational Smiles / Dental Office
    • Nickas Jeffrey a DDS / Dental Office

    Property Details for 340 Butterfield Rd Ste 2c

    Year built
    1984
    Lot size
    2.16 lot acres
    Zone code
    C
    Property type
    Office buildings
    APN
    06-14-319-009
    APU
    614319009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 3, 2022 $300,000 Butterfield Real Estate II LLC Ravencroft Ventures LLC Warranty Deed —
    Dec 6, 2011 — Ravencroft Ventures LLC — Trustees Deed · related $25k · American Chartered Bank
    Dec 15, 2005 $460,000 Ravencroft Ventures LLC Garetas LLC Warranty Deed $368k · Harris NA
    Nov 15, 2004 $405,000 Garetas LLC Esbjornson,donald & Jean Warranty Deed $320k · Bank One NA
    Jan 29, 1998 $268,000 Donald Esbjornson West Suburban Bank Trustee Grant Deed $270k · Citibank Fsb
    — — Ravencroft Ventures LLC — Loan Modification · related $50k · American Chartered Bank
    — — Ravencroft Ventures LLC — Deed Of Trust · related $308k · American Chartered Bank
    — — Donald Esbjornson — Deed Of Trust · related $126k · Illinois Small Business Growth
    — — Ravencroft Ventures LLC — Deed Of Trust · related $40k · American Chartered Bank
    — — Ravencroft Venture LLC — Loan Modification · related $50k · Mb Fin'l Bk
    — — Ravencroft Ventures LLC — Loan Modification · related $259k · Mb Fin'l Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9495
    Latitude
    41.8648
    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
    $5,609
    $36,360
    $74,810
    $111,170
    -
    $109,080
    $224,430
    $333,510

    Comparable in this City

    • Value Estimation by Request
      3,750 SF

      115 Adelaide St

      OFFICE BUILDING
      115 Adelaide St, Elmhurst, IL 60126-3398
      View Details
    • Value Estimation
      $2,010,000
      16,716 SF

      112 York St

      OFFICE BUILDING
      112 York St, Elmhurst, IL 60126-3451
      View Details
    • Value Estimation
      $1,335,000
      11,845 SF

      257 Ave

      OFFICE BUILDING
      257 Ave, Elmhurst, IL 60126-2529
      View Details
    • Value Estimation by Request
      3,927 SF

      340 Butterfield Rd

      OFFICE BUILDING
      340 Butterfield Rd, Elmhurst, IL 60126-5069
      View Details
    • Value Estimation by Request
      3,855 SF

      340 Butterfield Rd Ste 1a

      OFFICE BUILDING
      340 Butterfield Rd Ste 1a, Elmhurst, IL 60126-5047
      View Details
    • Value Estimation by Request
      0.16 Acres

      105 Maple Ave

      OFFICE BUILDING
      105 Maple Ave, Elmhurst, IL 60126-2658
      View Details

    Similar Nearby for Sale

    • $3,100,000

      Elmhurst Professional Office Building

      26,562 SF office building with 14 executive suites.
      533 W North Ave, Elmhurst, IL 60126
      View Details
    • Contact for pricing
      1,164 SF

      Elmhurst Office Building For Sale

      26,562 SF office building with executive suites and parking.
      533 W Ave N, Elmhurst, IL 60126
      View Details
    • Contact for pricing
      26,562 SF

      Elmhurst Professional Office Building

      26,562 SF office building with executive suites for sale.
      533 W North Ave, Elmhurst, IL 60126
      View Details
    • Contact for pricing
      3,378 SF

      Modern Office Building For Sale

      Well-maintained office building with high traffic and modern construction.
      400 W Lake St, Elmhurst, IL 60126
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Elmhurst Three-Story Office Building

      Three-story office building in downtown Elmhurst near amenities and transportation.
      110 Schiller St, Elmhurst, IL 60126
      View Details
    • Contact for pricing

      Elmhurst Professional Office Suites

      Elmhurst office building with executive suites for lease.
      533 W North Ave, Elmhurst, IL 60126
      View Details
    • Contact for pricing

      Elmhurst Industrial Space Sublease

      Well-maintained 5,429 SF industrial space available for sublease.
      650 W Grand Ave, Elmhurst, IL 60126
      View Details
    • Contact for pricing
      5,320 SF

      Move-in Ready Elmhurst Office Space

      Office space for lease in Elmhurst with modern buildout.
      134 N York St, Elmhurst, IL 60126
      View Details
    • $25 SF/Yr
      3,600 SF

      Downtown Elmhurst Restaurant Space

      3,600 SF Restaurant, Prime Location
      110 Park Ave, Elmhurst, IL 60126
      View Details
    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.
    340 Butterfield Rd Ste 2c
    Elmhurst, IL 60126-5042
    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
    340 Butterfield Rd Ste 2c, Elmhurst, IL, 60126
    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!