2115 Butterfield RdOak Brook, IL 60523

Property Details for 2115 Butterfield Rd

Year built

1979

Lot size

2.28 AC

Property size (Sq ft)

50,422 SF

Zone code

C

Property type

Office buildings

APN

06-22-303-003

APU

622303003

Description

This exceptional three-story office building, located at 2115 Butterfield Road in Oak Brook, Illinois, presents a compelling investment opportunity. Boasting a total of 50,564 square feet of net rentable space, this property is zoned B-3 and offers flexible floor plans ideal for a variety of businesses. Built in 1980 and extensively renovated in 2023, the building benefits from a wealth of recent upgrades. These include a brand-new roof, a completely updated HVAC system, modern exterior sliding doors, and touchless restrooms for enhanced hygiene and convenience. Safety and security are prioritized with a newly installed fire alarm monitoring system. Common areas have also undergone recent upgrades, reflecting a commitment to maintaining a high-quality environment. The building is equipped with fiber internet access for high-speed connectivity and features redundant power sources along with a backup generator to ensure uninterrupted operations. The asking price is $5,650,000, translating to $111.74 per square foot. This centrally located property in DuPage County, zip code 60523, offers an unparalleled combination of modern amenities and a prime location in the thriving Oak Brook market. This is a rare opportunity to acquire a fully modernized, high-performing office building.

• CAP approach

  CAP return

  Valuation

  6%

  $15,177,855

  6.5%

  $14,010,328

  7%

  $13,009,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,567,466

  Geo Method

  $6,567,466

• Alternative Use

  Use

  Valuation

  Residential

  $17,372,806

  Hospitality

  $15,913,397

  Educational

  $13,239,760

  Medical

  $13,695,095

  Retail

  $20,595,182

Location Insight

City

Oak Brook

County

Dupage

State

Illinois

Latitude

41.8508

Longitude

-87.9715

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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