Oak Brook Office Center Portfolio

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.
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.