630-570-2238
29 S Webster St, Naperville, IL for Sale
Office - FOR SALE
1/11
null | Request Cap Rate

29 S Webster St
Naperville, IL 60540
Downtown Naperville


HIGHLIGHTS

  • Add value office in highly desirable downtown Naperville | 4,457 square-feet of vacant space available to lease
  • Dedicated parking remains a valuable commodity in Downtown Naperville, as evidenced by the leasing of parking stalls to Hugo’s valet services
  • Infill, hard-corner location in Downtown Naperville
  • $169,959 average household income within a three-mile radius
  • Most tenants operate on net leases | Rents have consistently increased upon renewal and re-leasing
  • Directly next to a 127,407 square foot retail and office mixed-use neighborhood center

OVERVIEW

29 S. Webster is an operating office building offering investors upside potential. The 20,766 square-foot property, situated on a 1.02-acre lot, is currently 79% occupied—providing a stabilized cash flow with additional upside through further leasing. Future value may also be realized through potential redevelopment, making this a compelling covered land play in the heart of Downtown Naperville. The property is surrounded by a vibrant mix of retail, dining, and mixed-use developments, along with newly constructed single-family homes priced around $3 million. It benefits from Downtown Naperville’s dynamic environment and excellent foot traffic, highlighted by 102 shopping, 77 dining, and 147 service destinations, as well as close proximity to the Naperville Metra Station. The property offers 85 dedicated on-site parking spaces, a rare amenity in Downtown Naperville. In addition, it is positioned diagonally across from the Paw Paw Lot (119 public parking spaces) and near Downtown Naperville’s 4,000 free public parking spaces. Exceptional demographics, including an average household income of $169,959 and strong projected area growth, further enhance the property’s long-term investment appeal.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Naperville Add-Value Office

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

B-4

APN/PARCEL ID

07-13-417-017

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.