3001 Butterfield RdOak Brook, IL 60523

  • Commercial land
  • 0.63 AC
For Sale
$2,200,000 View listing

Property Details for 3001 Butterfield Rd

Lot size
0.63 AC
Property type
Commercial land
APN
06-28-103-024
APU
628103024

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,688,667
    Hospitality
    $7,958,772
    Educational
    $6,621,605
    Medical
    $6,849,332
    Retail
    $10,300,274

Location Insight

City
Oak Brook
County
Dupage
State
Illinois
Latitude
41.8394
Longitude
-87.9932
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
$7,098
$137,980
-
$137,980
-
$413,940
-
$413,940

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