Two-Suite Office
1001 E Chicago Avenue Naperville, IL 60540
1001 E Chicago Avenue, Naperville, IL, 60540
$598,000
For Sale
$598,000
COMMERCIAL - Naperville, IL
Property Size3,895 SF
Price / SF$153.53
Days on Market21
Property Features for 1001 E Chicago Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- OFFIC
- Standard status
- Active
- APN
- 0818427007
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11512
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1995
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet
- Building materials
- Block, Synthetic Stucco
Listing agency
Century 21 Circle
(630) 369-2000
Listed by
Diane Simmons · License #475141472
(630) 369-2000
Added: Jul 2 Updated: Jul 3 at 11:37AM Checked: Jul 22 at 3:06AM
MLS# 12694098
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is an office condominium building divided into two condominium suites. The upper level contains approximately 1,895 square feet and includes private offices, conference rooms, an open/flex workspace, media rooms, restrooms, and a full kitchen. The ground level includes approximately 2,000 square feet and features similar office-focused improvements designed for flexible use. Each suite has a separate entry, and the units are connected by an interior staircase. Interiors are described as bright and contemporary, with neutral finishes and wood-and-glass privacy doors, and the upper level includes 10-foot ceilings.
The building is located at 1001 E Chicago Avenue in Naperville, Illinois. The remarks indicate the property is in a high-traffic commercial corridor with ample on-site parking. Access is described as convenient to downtown Naperville, the 5th Avenue BNSF Metra Station, and less than five minutes from I-88.
For an owner-user, the layout supports occupying one suite while the other remains leased, with both suites offering private offices, conference space, restrooms, and a kitchen. For investors, the structure provides two income-producing condominium suites with separate entries and an internal connection, which can support ongoing operational flexibility. The property is positioned for use as office space based on its existing interior buildout and room configuration.
The building is located at 1001 E Chicago Avenue in Naperville, Illinois. The remarks indicate the property is in a high-traffic commercial corridor with ample on-site parking. Access is described as convenient to downtown Naperville, the 5th Avenue BNSF Metra Station, and less than five minutes from I-88.
For an owner-user, the layout supports occupying one suite while the other remains leased, with both suites offering private offices, conference space, restrooms, and a kitchen. For investors, the structure provides two income-producing condominium suites with separate entries and an internal connection, which can support ongoing operational flexibility. The property is positioned for use as office space based on its existing interior buildout and room configuration.
Key Highlights
- 3,895 SF Naperville office condominium built in 1995 with block and synthetic stucco construction
- Two condo suites with separate entrances and an interior staircase connection
- Upper level: ~1,895 SF leased for $2,400/month
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.3k | $20.88 |
| − Vacancy | −$19.9k | −$5.12 |
| EGI | $61.4k | $15.76 |
| − OpEx | −$15.4k | −$3.94 |
| NOI | $46.1k | $11.82 |
3,895 SF · lease $20.88/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$657.9K
$575.7K – $767.5K
NOI $46,052 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$879.2K
$769.3K – $1.03M
NOI $61,543 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Greatways Tax Service ...
Tax Preparation
Comfort Care Family ...
Dental Office
Nukasani Group
(Bike/Boat/Book/etc) Store
Comfort Care Family ...
Dental Office
Parisi Orthodontics
Dental Office
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FAQs
What type of property is this?
Office units - Two connected office condominium suites with private entries, offices, conference space, and kitchen—suited for owner-users or tenants.
Where is this office units located?
The property is located at 1001 E Chicago Avenue Naperville, IL.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: 3,895 SF Naperville office condominium built in 1995 with block and synthetic stucco construction; Two condo suites with separate entrances and an interior staircase connection; Upper level: ~1,895 SF leased for $2,400/month
