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2707 Butterfield Rd Oak Brook, IL 60523

326,630 SF Office Complex, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
132
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.

Highlights

  • Current NOI of approximately $228,000 at 32.5% occupancy.
  • Value-add opportunity for owner-users and investors.
  • High visibility location with excellent frontage on I-88 and Butterfield Road (193,000+ VPD).
  • Proximity to Oakbrook Center, a top-performing regional mall.
  • Ample parking: 1,127 spaces (3.61/1,000 SF).
  • Desirable location in affluent suburb with high household incomes; over 85,000 residents within three miles, and over $100,000 average household income within one mile.

Property Details for 2707 Butterfield Rd

Property type
Office properties
Square Feet
326,630 SF
Class
B
Year Built
1978
Stories
3

Location Insight

City
Oak Brook
County
DuPage
State
Illinois
Latitude
41.8433684
Longitude
-87.9879079

FAQs

What type of property is this?
Office property - 326,630 SF Office Complex, High NOI
Where is the office property located?
The property is located at 2707 Butterfield Rd Oak Brook, IL.
What are key features of this property?
This property features: Current NOI of approximately $228,000 at 32.5% occupancy.; Value-add opportunity for owner-users and investors.; High visibility location with excellent frontage on I-88 and Butterfield Road (193,000+ VPD).
How can I contact the broker?
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2707 Butterfield Rd
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