501-541 W 87th St - Retail FOR SALE


Naperville, IL 60565
$4,840,950 USD
847-384-2840
501-541 W 87th St, Naperville, IL for Sale
$4,840,950 USD
Retail - FOR SALE
1/6
null | 8% Cap Rate

501-541 W 87th St
Naperville, IL 60565


HIGHLIGHTS

  • Anchoring the southwestern section of Naperville
  • Dense residential surrounding site
  • Situated between Kingsley Elementary School and Madison Junior High School

OVERVIEW

Colliers is pleased to introduce this stabilized neighborhood strip center located at 501–541 W 87th Street in Naperville, Illinois. Positioned at 87th Street and Modaff Road, the property benefits from excellent visibility and strong local access. This fully occupied center includes a gas station and features a diverse tenant mix, offering strong in-place income and long-term investment stability. The property spans approximately 22,300 square feet on a 1.97-acre lot and was originally constructed in 1974. With a Net Operating Income (NOI) of $387,276 and a purchase price of $4,840,950, this offering delivers an attractive 8% capitalization rate.

FOR SALE DETAILS

PRICE

$4,840,950 USD

PRICE/SF

$217 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Modaff Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,813 SF

ZONING

-

APN/PARCEL ID

07-01-01-201-001

ASK ABOUT THIS PROPERTY

Peter BlockColliersMore Info
847-384-2840

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Peter BlockColliersMore Info
847-384-2840

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