125 Washington StNaperville, IL 60540

For Sale
$2,750,000

High-Yield Downtown Naperville Multi-Tenant Retail

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fully occupied, multi-tenant retail property located in the vibrant heart of Downtown Naperville, Illinois. The property, encompassing 5,867 square feet across two stories, is situated on a 0.08-acre lot at 125 & 127 S Washington St, zip code 60540, within DuPage County's B-4 Downtown Core District zoning. Currently housing four thriving tenants – SIS Nails, Le Chocolat, and Ribblebox Escape – this property boasts 100% occupancy, generating a substantial Net Operating Income (NOI) of $194,638, resulting in a compelling 7.10% cap rate. The asking price is $2,750,000, translating to a price per square foot of $468.72. Built in 1925 and renovated in 1990, the property benefits from high foot traffic exposure in a densely populated area. The property's location within a 5-mile radius of 215,012 residents with an average household income of $145,926, coupled with historically low DuPage County taxes, ensures strong and stable cash flow. This is a Net Lease investment with a Gross Lease type, offering a secure and attractive return for investors. The property's APN is 07-13-423-020. This is a 1031 exchange eligible property. This is a rare opportunity to acquire a prime retail asset in a highly desirable location.

Highlights

  • Prime Downtown Naperville location.
  • Low DuPage County taxes.
  • High foot traffic exposure.
  • Strong demographics: 215,012 residents within 5 miles, average household income $145,926.

Property Details for 125 Washington St

Property type
Other retail properties, Individual retail properties
Square Feet
5,867 SF
Year Built/Renovated
1925/1990
Buildings
1
Stories
2
Lot Size (sq. ft)
3,485 SF
Units
4

Location Insight

City
Naperville
County
DuPage
State
Illinois
Latitude
41.7732953
Longitude
-88.1479474
125 Washington St, Naperville, Illinois

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125 Washington St
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