Oak Brook Office Center

For Sale

2707, 2803, 2805 & 2809 Butterfield Road, Oak Brook, IL 60523

This Oak Brook property for sale is located at 2707, 2803, 2805 & 2809 Butterfield Road. The general use of Oak Brook Office Center is office and it incorporates 326,630 square feet of class B office space. Contact the listing broker for details on the current sale price for Oak Brook Office Center. Oak Brook Office Center is situated on a lot that is 17.07 acre in size.

Contacts

broker

Matthew Tarshis

Frontline Real Estate Partners

Property Details

  • Property Type Office - General Office
  • Property Size 326,630 SF
  • Units 60
  • Lot Size 17.07 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 1127
  • Parking Ratio 3.61 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1978
  • Date Updated Nov 4, 2024
Oak Brook Office Center is located between Butterfield Road and Interstate-88 in Oak Brook, DuPage County, Illinois. Oak Brook is an affluent western suburb located approximately 17-miles east of downtown Chicago. The buildings are in a densely populated, affluent area with an average household income of over $100,000 within a one-mile radius and a population of over 86,000 within a three-mile radius. With the location along Butterfield Road, the buildings feature visibility and exposure to over 44,400 VPD, along with another 152,600 VPD featuring visibility from Interstate-88. The buildings are conveniently located along Interstate 88, just over two (2) miles for Interstate-355, and just over three (3) miles from Interstate-294, all of which provide direct access to the surrounding suburbs and downtown Chicago. Additionally, the Properties are located less than 10-miles from O’Hare International airport. Oak Brook is full of shopping, dining, entertainment, lodging and is also home to many corporate office tenants including Ace Hardware, Blistex, Federal Signal, CenterPoint Properties, TreeHouse Foods and Lion Clubs International. There are several malls and hospitals located in close proximity to Oak Brook Office Center including Oakbrook Center (2-miles), Yorktown Center (blocks), Advocate Good Samaritan Hospital (2-miles) and Elmhurst Hospital (3-miles). Oakbrook Center is the second largest shopping center in the Chicago MSA and is anchored by Neiman Marcus, Nordstrom and Macy’s. Yorktown Center, another major mall in the area, is located just a few blocks down Butterfield Road. Additionally, there are several hotels within close proximity including Embassy Suites by Hilton, Hyatt Place, The Westin Chicago Lombard, and Courtyard by Marriott among many others. Neighboring retailers include Costco, Pete’s Fresh Market, ALDI, Target, Home Depot, AMC Dine-In, Dick’s Sporting Goods, Walgreens, Ross Dress For Less, Burlington, Dollar Tree, Planet Fitness, JC Penney, Von Mauer, Marshalls & Homegoods, Nordstrom Rack, Ashley Furniture, Starbucks, McDonald’s, Chick Fil-A and Dunkin, among others.Receivership Sale: 2707, 2803, 2805 and 2809 Butterfield Road, also known as Oak Brook Office Center, features four (4) Class-B office buildings located in Oak Brook, DuPage County, Illinois. 2707 (120,156 SF), 2803 (49,380 SF), 2805 (49,417 SF) and 2809 (93,235 SF) are all three (3) story buildings that were constructed in 1977 and 1980, totaling 326,630 SF. The Oak Brook Office Center is currently 32.5% occupied and produces a in-place Net Operating Income (NOI) of approximately $228,000. Tenants at the Property include Olivet Nazarene University and Byline Bank, both of who total over 20,000 SF and have lease term remaining through November 2026 and November 2025 respectively. The Property is located along Butterfield Road and directly off Interstate-88, featuring visibility and exposure to approximately 193,000 VPD. Additionally, the buildings are zoned ORA-1: Office Research Assembly District and include a large on-site parking lot totaling 1,127 surface level spaces (3.61/1,000 SF). 2707 Butterfield Road is completely vacant presenting a rare opportunity for owner/users as well as investors looking to acquire cash flowing office buildings in the affluent Western suburbs, with the ability to add value through lease-up and stabilization.

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Highlights

  • At the existing 32.5% occupancy rate the Property is producing an in-place NOI of approximately $228,000
  • Rare opportunity for both owner/users and investors looking to purchase a cash flowing, value add Property
  • The Oak Brook Office Center features excellent frontage along Interstate-88 and Butterfield Road driving visibility and exposure to over 193,000 VPD
  • Close proximity to Oakbrook Center, the #1 most visited regional mall in the country
  • The Properties have a large onsite parking lot totaling 1,127 spaces (3.61/1,000 SF)
  • Located in an affluent and dense suburb with over 85,000 residents within a three-mile radius and a household income of over $100,000 within a one-mile radius
  • Olivet Nazarene University and Byline Bank both total over 20,000 SF and have leases remaining through November 2026 and November 2025 with options

Getting around

  • 51/100

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  • 46/100

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Location

  • City Oak Brook, IL
  • Neighborhood Ginger Creek
  • Zip Code 60523
  • Market Chicago

Points of Interest

  • Fairview Avenue

    3.32 miles

  • Westmont

    3.35 miles

  • Lombard

    3.38 miles

  • Downers Grove Main Street

    3.48 miles

  • Clarendon Hills

    3.66 miles

  • Hinsdale

    4.15 miles

  • Belmont

    4.24 miles

  • Elmhurst

    4.59 miles

  • Western Springs

    5.07 miles

  • Lisle

    5.40 miles

  • Shell

    0.81 miles

  • Marathon

    1.20 miles

  • Road Ranger

    1.22 miles

  • Mobil

    1.26 miles

  • Citgo

    1.28 miles

  • Costco Gasoline

    1.29 miles

  • Thorntons

    1.51 miles

  • BP

    1.96 miles

  • Speedway

    2.00 miles

  • ChargePoint

    7.53 miles

  • Holy Trinity Parking

    3.60 miles

  • P8

    3.79 miles

  • P7

    3.86 miles

  • P6

    4.01 miles

  • College 1A

    4.11 miles

  • Fawell A

    4.18 miles

  • College 1

    4.21 miles

  • College 2

    4.30 miles

  • Fawell B

    4.31 miles

  • P17

    4.32 miles

  • Courtyard

    0.22 miles

  • Hyatt Place

    0.42 miles

  • Staybridge Suites Chicago-Oakbrook Terrace

    0.54 miles

  • Extended Stay America

    0.55 miles

  • Embassy Suites

    0.70 miles

  • The Westin Chicago Lombard

    0.75 miles

  • La Quinta Inn

    0.78 miles

  • TownePlace Suites

    0.89 miles

  • Holiday Inn

    1.12 miles

  • Motel 6

    1.29 miles

  • Target

    0.78 miles

  • JCPenney

    0.95 miles

  • TJ Maxx

    0.96 miles

  • Von Maur

    1.01 miles

  • Yorktown Center

    1.02 miles

  • Marshalls

    1.06 miles

  • ALDI

    1.20 miles

  • Pete's Market

    1.30 miles

  • Gordon Food Service

    1.50 miles

  • Ross

    1.57 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Matthew Tarshis

Frontline Real Estate Partners