Midwest Plaza North | 2115 Butterfield Rd
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Midwest Plaza North 2115 Butterfield Rd
61,800 SF 18% Leased Office Building Oak Brook, IL 60523 $5,350,000 ($87/SF)
Virtual Tour
Investment Highlights
- Midwest Plaza North is a 50,564-square-foot office building with an elegant brick façade, thermal-insulated glass, and efficient floor plans.
- Investors will benefit from the property's secure, strategic location, significant surrounding infrastructure, and growing community.
- Significant recent building improvements include a new roof, HVAC, exterior sliding doors, touchless restrooms, and a fire alarm monitoring system.
- Strategically located in Oak Brook, a thriving suburban community just minutes to Interstates 294, 88 and 290, and 30 minutes to Downtown Chicago.
Executive Summary
Midwest Plaza North at 2115 Butterfield Road offers an exceptional opportunity to own a modern office property in a thriving Oak Brook neighborhood. This three-story, 50,564-square-foot building comprises upgraded common areas and expansive floor-to-ceiling windows allowing abundant natural light. The elegant brick façade is accentuated by thermal-insulated glass with solar bronze to provide maximum energy efficiency. Each floor offers flexible floor plans to maximize efficiency for varying densities.
Located in a beautiful park-like setting, Midwest Plaza North features professionally maintained indoor/outdoor landscaped areas with integrated lighting. Significant upgrades have been made to the property, including a new roof, HVAC, exterior sliding doors, touchless restrooms, and a fire alarm monitoring system. The property offers fiber internet, redundant power sources, and a backup generator for seamless operations. Situated on a 2.28-acre site, Midwest Plaza North provides ample parking with a spacious 140-space parking lot.
Oak Brook is an affluent suburban community with a robust collection of local amenities and residential neighborhoods. Midwest Plaza North is close to many restaurants, shopping centers, and expressways. Strategically located within two minutes of three significant highways, the property provides unmated access to Interstates 294, 88, and 290. O’Hare International and Midway Airports are within a 30-minute drive for convenient out-of-town travel. Midwest Plaza North is primed to offer an ideal investment opportunity.
Located in a beautiful park-like setting, Midwest Plaza North features professionally maintained indoor/outdoor landscaped areas with integrated lighting. Significant upgrades have been made to the property, including a new roof, HVAC, exterior sliding doors, touchless restrooms, and a fire alarm monitoring system. The property offers fiber internet, redundant power sources, and a backup generator for seamless operations. Situated on a 2.28-acre site, Midwest Plaza North provides ample parking with a spacious 140-space parking lot.
Oak Brook is an affluent suburban community with a robust collection of local amenities and residential neighborhoods. Midwest Plaza North is close to many restaurants, shopping centers, and expressways. Strategically located within two minutes of three significant highways, the property provides unmated access to Interstates 294, 88, and 290. O’Hare International and Midway Airports are within a 30-minute drive for convenient out-of-town travel. Midwest Plaza North is primed to offer an ideal investment opportunity.
Sale Flyer
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
61,800 SF
Building Class
B
Year Built
1980
Price
$5,350,000
Price Per SF
$87
Percent Leased
18%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,700 SF
Building FAR
0.62
Land Acres
2.28 AC
Zoning
B-3 - Office
Parking
4 Spaces per 1,000 SF Leased
Amenities
- 24 Hour Access
- Property Manager on Site
- Signage
- Basement
- Central Heating
- Monument Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
This space features seven private offices and one kitchenette area.
7 Private offices & 1 kitchenette area
This space features five private offices and one kitchenette area.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 202 | 1,597 SF | Office | - | 30 Days |
| 2nd Fl-Ste 203 | 763 SF | Office | - | 30 Days |
| 2nd Fl-Ste 205 | 1,582 SF | Office | - | 30 Days |
| 2nd Fl-Ste 207 | 2,598 SF | Office | - | 30 Days |
| 2nd Fl-Ste 208 | 2,558 SF | Office | - | 30 Days |
2nd Fl-Ste 202
| Size |
| 1,597 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
2nd Fl-Ste 203
| Size |
| 763 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
2nd Fl-Ste 205
| Size |
| 1,582 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
2nd Fl-Ste 207
| Size |
| 2,598 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
2nd Fl-Ste 208
| Size |
| 2,558 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
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2nd Fl-Ste 202
| Size | 1,597 SF |
| Space Use | Office |
| Condition | - |
| Available | 30 Days |
This space features seven private offices and one kitchenette area.
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2nd Fl-Ste 203
| Size | 763 SF |
| Space Use | Office |
| Condition | - |
| Available | 30 Days |
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2nd Fl-Ste 205
| Size | 1,582 SF |
| Space Use | Office |
| Condition | - |
| Available | 30 Days |
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2nd Fl-Ste 207
| Size | 2,598 SF |
| Space Use | Office |
| Condition | - |
| Available | 30 Days |
7 Private offices & 1 kitchenette area
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2nd Fl-Ste 208
| Size | 2,558 SF |
| Space Use | Office |
| Condition | - |
| Available | 30 Days |
This space features five private offices and one kitchenette area.
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About Eastern East/West Corridor
Conveniently located at the intersection of four major expressways, the Eastern portion of the East/West Corridor is 15 miles from downtown Chicago, 12 miles from Midway Airport, and 15 miles from O’Hare Airport, facilitating efficient business travel connections. The retail nucleus is the Oakbrook Center, a premier venue for first-in-class shopping and home to a plethora of dining choices, high-end apparel options and specialty goods.
The suburbs of DuPage County also maintain one of Chicagoland’s lowest overall tax rates along with its deep pool of professional talent residing in the area. Taking advantage of the diverse economy, easy access to transportation arteries, and the business-friendly environment here, many firms choose the eastern East/West Corridor as their headquarters. Large office tenants here include Commonwealth Edison (700,000 square feet), Ace Hardware (300,000 square feet), perimeter access control equipment manufacturer Chamberlain Group (230,000 square feet), and engineering and technology company Robert Bosch (160,000 square feet).
Over half of the buyers in the area are private investors. Investors are attracted to the above-average cap rates in this highly sought-after Chicago area location.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
9,753
88,397
270,836
2024 Population
11,003
91,383
277,447
Population Growth '20-'24
12.8%
3.4%
2.4%
2020 Households
3,999
35,390
102,106
2024 Households
4,513
36,563
104,428
Household Growth '20-'24
12.9%
3.3%
2.3%
Average Age
41
43
42
Median Household Income
$75,664
$97,881
$103,652
Daytime Employees
18,931
148,198
250,106
Total Businesses
2,171
10,589
22,000
College Degree + Higher
44%
52%
51%
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Casa De Crepes | Cafe | $ | 3 min walk |
| Beppe's Italian Deli & Cafe | Italian | $ | 3 min walk |
| Emma’s | - | - | 4 min walk |
| McDonald's | - | - | 8 min walk |
| En Fuego Mexican Grille | Mexican | $$ | 11 min walk |
| Driftwood Grille | - | - | 11 min walk |
| Denny's | American | - | 11 min walk |
| Twin Peaks | American | - | 12 min walk |
| Positano Ristorante | - | - | 12 min walk |
Retail |
||
|---|---|---|
| Edward Jones | Finance Company | 3 min walk |
| Penny's | Arcade | 4 min walk |
| Circle K | Convenience Market | 8 min walk |
| Chase Bank | Bank | 8 min walk |
| Party City | Card/Gifts | 11 min walk |
| Walgreens | Drug Store | 11 min walk |
| The Home Depot | Home Improvement | 11 min walk |
| The Vitamin Shoppe | Health Food | 11 min walk |
| Health Mart Pharmacy | Drug Store | 10 min walk |
| Pete's Market | Supermarket | 12 min walk |
Hotels |
|
|---|---|
| MainStay Suites |
60 rooms
2 min drive
|
| Courtyard |
147 rooms
4 min drive
|
| Holiday Inn |
227 rooms
3 min drive
|
| InTown Suites |
81 rooms
4 min drive
|
PROPERTY TAXES
| Parcel Number | 06-22-303-003 | Improvements Assessment | $1,255,580 |
| Land Assessment | $594,510 | Total Assessment | $1,850,090 |
PROPERTY TAXES
Parcel Number
06-22-303-003
Land Assessment
$594,510
Improvements Assessment
$1,255,580
Total Assessment
$1,850,090
-
Mike Merry -
HCB Realty Partners
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Midwest Plaza North | 2115 Butterfield Rd
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