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40 N Tower Road, Oak Brook, IL 60523
$1,000,000
40 N Tower Road, Oak Brook, IL 60523View this property at 40 N Tower Road, Oak Brook, IL 60523
40 N Tower RoadOak BrookIL60523
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Property Description
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
Full Property Details for 40 N Tower Rd
General
- Price: $1,000,000
- Taxes: $33,125 (2022)
- Status: Active
- Type: Commercial Residential Facility
- MLS ID: 11967253
- Updated: 3/19/2024
- Added to Site: 84 day(s) ago
Additional Information
- Security/Safety: Other
Parking
- Parking Features: 51 to 100 Spaces
Location
- Area: Oak Brook
- County: DuPage
- Township: York
- 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
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Schools
Schools serving 40 N Tower Rd
School Districts:Sd 45 Dupage County Schools, Dupage High School District 88
Rating | Name | Grades | Distance |
---|---|---|---|
Stevenson Elementary School, Lombard, IL
18w331 15th St, Lombard, IL 60148 | PK-2 | 0.7 mi | |
895 E 14th St, Lombard, IL 60148 | 3-5 | 0.9 mi | |
301 W Jackson St, Villa Park, IL 60181 | 6-8 | 1.7 mi | |
1250 S Ardmore Ave, Villa Park, IL 60181 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
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
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.
Tax History
Tax History for 40 N Tower Rd
Year
Property Taxes
Change
Tax Assessment
Change
2022
$33,125
15%
$446,530
14%
2021
$28,763
-8%
$391,050
-8%
2020
$31,399
6%
$425,890
5%
2019
$29,759
—
$404,920
6%
2018
$29,737
-20%
$383,300
-19%
2017
$36,976
—
$470,630
6%
2016
$36,923
-35%
$443,370
-32%
2015
$57,000
5%
$647,650
6%
2014
$54,228
2%
$610,990
-1%
2013
$53,194
3%
$619,600
-6%
2012
$51,510
—
$660,340
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 40 N Tower Rd
40 N Tower Road, Oak Brook, IL 60523 (MLS# 11967253) is a Commercial Residential Facility property. 40 N Tower Road is currently listed for $1,000,000 and was received on February 05, 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.