204 S Washington St - Storefront Retail/Residential FOR SALE


Naperville, IL 60540- Downtown Naperville
$2,920,000 USD
630-570-2238
204 S Washington St, Naperville, IL for Sale
$2,920,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 7.25% Cap Rate

204 S Washington St
Naperville, IL 60540
Downtown Naperville


HIGHLIGHTS

  • Mixed-Use Retail and Residential Building in the Heart of Downtown Naperville
  • Signalized Hard-Corner Intersection | Highly Visible and Accessible
  • Ichiddo Ramen has 8.3 Years of Term Remaining with Three Percent Annual Rental Increase
  • Four Apartment Units Located on the Second Floor | All Under One-Year Lease Terms | Below Market Rents
  • Located at the Intersection of S Washington St and E Jefferson Ave which sees a Combined Traffic Volume of 25,200 Vehicles per Day
  • Average Household Income of $198,589 within a One-Mile Radius

OVERVIEW

This mixed-use property is anchored by Ichiddo Ramen with 8.3 years remaining on its lease, three percent annual rent increases, and a five-year renewal option. Four apartment units above provide additional income on one-year terms. The asset sits at a signalized hard-corner on Washington Street, downtown Naperville’s main entryway, with traffic counts exceeding 25,000 vehicles daily. Just 0.6 miles from the Metra BNSF Station and steps from the Riverwalk, the location benefits from heavy commuter and visitor traffic. Downtown Naperville is a premier regional destination, drawing millions of annual visitors. Recent city streetscape improvements further enhance the pedestrian and retail environment. The property is surrounded by affluent demographics, with an average household income of nearly $200,000 within one mile and a dense population and employment base nearby.

FOR SALE DETAILS

PRICE

$2,920,000 USD

PRICE/SF

$560 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ichiddo Anchored Mixed-Use | 4-Apartments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B-5

APN/PARCEL ID

07-13-431-014

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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