20 E Jefferson Ave - Storefront Retail/Residential FOR SALE


Naperville, IL 60540- Downtown Naperville
$1,450,000 USD
312-269-0220
20 E Jefferson Ave, Naperville, IL for Sale
$1,450,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | Request Cap Rate

20 E Jefferson Ave
Naperville, IL 60540
Downtown Naperville


OVERVIEW

High Barriers to Entry High barrier to entry market, providing an investor with a rare opportunity to acquire a value-add property within the downtown Naperville market with an irreplaceable location. Consistently ranked among the best cities to live in America, Naperville offers a vibrant mix of dining, retail and entertainment that drives year-round foot traffic and long-term tenant demand Value-Add Opportunity The property provides immediate upside for an investor to lease up the vacant second floor office (2,668 SF) or convert the office space into apartments as allowed under the current zoning Exceptional Demographics Asset is located within a dense and highly affluent area with over 93,192 residents and an average household income of $182,000 within a 3-mile radius of the site Favorable B-4 Downtown Zoning B-4 zoning is one of the most favorable zoning designations within Naperville – it was created to support a vibrant, pedestrian-focused downtown, emphasizing active first-floor retail, service and restaurant uses, with more office and residential activity encouraged on the upper floors Location! Location! Location! Mixed-use building strategically positioned in the heart of downtown Naperville, the property benefits from an adjacent 579-space free municipal parking garage - an exceptional convenience in a market where parking can be scarce. Retail Hot Spot Surrounded by tenants such as; Apple, Nike, Anthropologie, Lululemon, Sweetgreen, Starbucks, Gordon Ramsay’s Kitchen, Ichiddo Ramen, Jo Jo’s Shake Bar, and much more

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$347 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

B-4

APN/PARCEL ID

08-18-324-027

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.