2707 Butterfield RdOak Brook, IL 60523

Property Details for 2707 Butterfield Rd

Year built

1978

Lot size

3.07 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $15,544,192

  6.5%

  $14,348,485

  7%

  $13,323,593

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,725,980

  Geo Method

  $6,725,980

• Alternative Use

  Use

  Valuation

  Residential

  $17,792,122

  Hospitality

  $16,297,488

  Educational

  $13,559,318

  Medical

  $14,025,644

  Retail

  $21,092,272

Location Insight

City

Oak Brook

County

Dupage

State

Illinois

Latitude

41.8432

Longitude

-87.9881

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].