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34441039
34441040

1272 Bond St, Naperville, IL 60563 For Sale

SS
IL 471.010712
Marcus & Millichap SWM Group
AW
IL 475.140200
Marcus & Millichap SWM Group
Listed by Marcus & Millichap SWM Group
$3,750,000
2 days on market
Updated 2 days ago

Multi-Tenant Flex Building | Premier DuPage Suburb

Details
APN 07-10-313-003
Property Type Office
Sub Type Traditional Office, Flex office
Square Footage 21,163
Net Rentable (SqFt) 21,163
Units 4
Cap Rate 7.42%
NOI $278,199
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Term 3.5
Lease Expiration 05/31/2030
Remaining Term 3.9
Rent Bumps Yes
Price per SqFt $177
Year Built 2003
Buildings 1
Acreage 2.120
Zoning Office/Commercial/Institutional District (OCI)
Parking Spaces 110 spaces
Parking per 1,000 SqFt 5.20
Investment Type Stabilized
Lease Commencement 12/12/2026

Several Front-Facing Windows are Designed for Conversion to Roll-Up Door

Marketing description

This offering features a 100 percent occupied multi-tenant flex property in Naperville, one of Chicagoland’s most desirable submarkets in DuPage County, known for strong growth and lower property taxes than neighboring counties. The property is stabilized with a diverse tenant base, including Meher Montessori Academy, Cultivate, Happy Place Family Services, and Lange Logistics. Meher Montessori Academy has operated at the site since 2012, and Cultivate since 2019, and both Lange Logistics and Cultivate have over five years of remaining lease term.

Designed for adaptability, the building includes front-facing windows that can be converted into roll-up doors, allowing for a seamless transition to light industrial flex use. The 2.12-acre site includes 110 parking spaces, and favorable OCI zoning which enhances long-term flexibility.

Strategically located one mile from Interstate 88 and 0.3 miles from Route 59, the property benefits from strong regional connectivity, with proximity to the Metra BNSF line further supporting access. The asset is situated within a dense Naperville employment hub, with over 120,000 employees within three miles and proximity to major corporate users, retail corridors, and multiple nearby hotels. The surrounding area is affluent and growing, with more than 76,000 residents within three miles, continued population growth, and average household incomes exceeding $150,000 within five miles, supporting long-term tenant demand and investment stability.

Investment highlights

  • Ideal DuPage County Location | One of Chicagoland’s Most Desirable Submarkets
  • Premium Naperville Office/Industrial Flex Building | Designed for Versatility and Future Adaptability
  • 100 Percent Occupied | Long-Operating History - Meher Montessori Academy has been Operating at this Site Since 2012 and Cultivate Since 2019
  • Several Front-Facing Windows are Designed for Conversion to Roll-Up Doors, Enabling a Seamless Transition to Light Industrial Flex Use if Desired
  • Flexible and Favorable Zoning - (OCI) Office/Commercial/Institutional District
  • Prime Location Near Major Thoroughfares (Route 59 with 50,500 Vehicles per Day) and Interstate-88 (139,000 Vehicles per Day)
  • Average Household Income Exceeds $150,000 within Five Miles

Listing Contacts

SS
IL 471.010712
Marcus & Millichap SWM Group
AW
IL 475.140200
Marcus & Millichap SWM Group
Listed by Marcus & Millichap SWM Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$278,199.00
$23,183.25/mo

Valuation Metrics

0
DSCR
7.42%
Cap Rate
7.42%
ROI

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Additional Information

Name
Steven Weinstock
License
IL 471.011175
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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