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$683,000

  • Sold
  • Closed
  • Commercial Residential Facility
  • 104,544 Sq. Ft.
See This Home
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Huge Price Reduction! Full-service restaurant and banquet facility available in Chicago's affluent suburb of Oak Brook. Ground floor commercial condo beneath 176 residential units. Soaring ceiling heights, hardwood floors, and exposed brick are among the features of this spacious buildout. The site benefits from high traffic counts and strong demographics. Surrounded by office and residential developments, corporate headquarters, and Chicago's #1 suburban retail corridor, this long-time restaurant location can take advantage of lunch and dinner clientele. The property has incredible signage exposure with an awning, lawn and highly visible pylon signage facing Butterfield Rd (Rt. 56). There are also 51 dedicated parking spaces. This location has been a destination restaurant space in the Oak Brook area for over 40 years. Also available for lease at $18/SF NNN. Please do not disturb the tenant's employees or customers.

Full Property Details for 40 N Tower Rd

General

  • Sold For: $683,000
  • Taxes: $33,125 (2022)
  • Status: Closed
  • Type: Commercial Residential Facility
  • Source: MRED
  • MLS ID: 11967253
  • Added to Site: 711 day(s) ago

Additional Information

  • Security/Safety: Other

Parking

  • Parking Features: 51 to 100 Spaces

Location

  • Area: Oak Brook
  • County: DuPage
  • Driving Directions: On North Tower Road at Butterfield Road (Rt. 56)

Heating & Cooling

  • Cooling Type: Central Individual
  • Heating Type: Forced Air, Gas

Structural Information

  • Stories/Levels: 15
  • Square Feet: 104,544
  • Year Built: 1976

Lot Features

  • Lot Size (Sq. Ft.): 104,544
  • Lot Dimensions: CONDO
  • Zoning: COMMR

Financial Considerations

  • Lease Price: $18
  • For Sale/Rent/Lease: For Sale or Rent
  • Security Deposit: Other
  • Assessment Year: 1976
  • Tax Amount: $33,125
  • Tax Year: 2022
  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Scavenger, Structure, Sewer, Other

Disclosures and Reports

  • Property ID: 628107346

Listed by Sperry Van Ness
Sold by Kale Realty

Listing agent

— 40 N Tower Rd —

  • Sperry Van Ness

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 40 N Tower Rd

School Districts:Villa Park School District 45, Dupage High School District 88
NameGradesDistance
Stevenson School
18W331 15th St, Lombard, IL 60148
K-20.7 mi
York Center Elementary School
895 East 14th Street, Lombard, IL 60148
3-50.9 mi
Jackson Middle School, Villa Park, IL
301 West Jackson Street, Villa Park, IL 60181
6-81.7 mi
Willowbrook High School
1250 Ardmore Avenue, Villa Park, IL 60181
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 40 N Tower Rd

Date
Details
Price
Change
Source
8/19/2024
Sold
$683,000
-31.7%
MLS
3/13/2024
Price Reduced
$1,000,000
-16.67%
MLS
2/05/2024
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Sperry Van Ness
Sold by Kale Realty

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40 N Tower Road, Oak Brook, IL 60523 (MLS# 11967253) is a Commercial Residential Facility property that was sold at $683,000 on August 19, 2024. Want to learn more about 40 N Tower Road? Do you have questions about finding other Commercial Residential Facility real estate for sale in Oak Brook? You can browse all Oak Brook real estate or contact a Coldwell Banker agent to request more information.