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26475352
26475351

224 S Main St, Naperville, IL 60540

BM
IL 475200433
Coldwell Banker Real Estate Group Plainfield
Listed by Coldwell Banker Real Estate Group Plainfield
$1,400,000
288 days on market
Updated 63 days ago

224 S Main St., Downtown Naperville, IL Building

Details
APN 0713430033
Property Type Retail
Sub Type Restaurant
Square Footage 2,733
Cap Rate 4.07%
NOI $56,965
Occupancy 100%
Tenancy Single
Brand/Tenant Allegory
Lease Type NNN
Lease Expiration 11/30/2028
Remaining Term 2.5
Price per SqFt $512
Year Built 1930
Year Renovated 2018
Stories 1
Lot Size (SqFt) 2,614
Zoning B2

MLS # 12441003

Marketing description

Prime Investment Opportunity in Downtown Naperville, Illinois Located in the heart of the downtown core area of Naperville's vibrant business district, 224 S. Main Street offers a rare opportunity to own a fully leased commercial building just steps from the Naperville Riverwalk and North Central College. Lots of vehicle and pedestrian traffic. This property is currently home to the popular Allegory Restaurant, a well-known dining destination in the area. The existing tenant lease has approximately three years remaining, offering immediate rental income and stable cash flow. Positioned along Main Street's high-foot-traffic corridor, this location benefits from excellent visibility, steady pedestrian activity, and proximity to nearby parking, boutique shops, and established restaurants. Only the building is for sale, the business is not included. Whether you're expanding a real estate portfolio, seeking a 1031 exchange investment, or looking for a long-term income property in one of the most desirable downtowns in Illinois, 224 S. Main Street, Naperville represents a unique and high-demand opportunity. Make an offer.

Investment highlights

Approximately 3 years remaining on the tenant's lease. Only the building is for sale, not the business. This property was gutted in 1998 with new electrical and plumbing. Then renovated again in 2018 with updates, new roof and roof top unit that have been regularly maintained.

Listing Contacts

BM
IL 475200433
Coldwell Banker Real Estate Group Plainfield
Listed by Coldwell Banker Real Estate Group Plainfield

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,965.00
$4,747.08/mo

Valuation Metrics

0
DSCR
4.07%
Cap Rate
4.07%
ROI

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Additional Information

Name
Bruce Meyer
License
475200433
Brokerage Phone
815-436-2232
Brokerage Address
24034 Lockport Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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