Three-Story Motor Condo with
2240 Ferry Road Naperville, IL 60563
For Sale
$1,200,000
COMMERCIAL - Naperville, IL
Property Size2,760 SF
Lot Size14.70 Acres
Price / SF$434.78
Days on Market67
Property Features for 2240 Ferry Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 0704205038
- Lot size
- 14.70 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9888
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2017
- Floors in Building
- 3
- Number of units
- 1
- Building materials
- Concrete, Stone, Wood, Combination
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Lee Ernst · License #BR701386000
(888) 574-9405
Added: May 20
Changed: Jun 30
Last Checked: Jul 25 at 6:06AM
MLS# 12651984
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 three-story motor condo offers expansive garage-level space designed for entertaining, including a built-in bar and bathroom. The main level features a full-width deck, while the second floor includes a full kitchen with high-end cabinetry and counters, a spacious hangout area, access to a private balcony, and massive wine coolers. A third-floor flexible office or executive suite provides additional finished space for work or private use. The unit includes two full baths and one half bath, all finished with the materials used in the original buildout. A convenient dumbwaiter connects the levels.
Located within Iron Gate’s gated automotive community, the unit’s deck and balcony overlook a serene preserve. The property is listed under zoning COMMR.
Overall, the layout combines garage-focused space with multiple finished living/work levels, supported by in-unit amenities such as the dumbwaiter and built-in bar.
Located within Iron Gate’s gated automotive community, the unit’s deck and balcony overlook a serene preserve. The property is listed under zoning COMMR.
Overall, the layout combines garage-focused space with multiple finished living/work levels, supported by in-unit amenities such as the dumbwaiter and built-in bar.
Key Highlights
- Rare three‑story motor condo with 2,760 sq ft, deck, and balcony overlooking a serene preserve.
- Expansive garage space with built‑in bar and bathroom, ideal for entertaining or showcasing vehicles.
- Upscale kitchen features high‑end cabinetry and counters, massive wine coolers, and balcony access.
Financial Insights For Warehouse
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 | $49.0k | $17.76 |
| − Vacancy | −$3.1k | −$1.12 |
| EGI | $45.9k | $16.64 |
| − OpEx | −$6.9k | −$2.50 |
| NOI | $39.0k | $14.14 |
2,760 SF · lease $17.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$557.7K
$488.0K – $650.7K
NOI $39,040 @ 7.0% cap · market cap 3.25%
Second Best
Office B
$466.2K
$407.9K – $543.9K
NOI $32,632 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$623.0K
$545.1K – $726.8K
NOI $43,610 @ 7.0% cap · market cap 3.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Three-story motor condo featuring a full-width deck, private balcony, and garage-level bar plus multiple finished baths.
Where is this flex space located?
The property is located at 2240 Ferry Road Naperville, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Rare three‑story motor condo with 2,760 sq ft, deck, and balcony overlooking a serene preserve.; Expansive garage space with built‑in bar and bathroom, ideal for entertaining or showcasing vehicles.; Upscale kitchen features high‑end cabinetry and counters, massive wine coolers, and balcony access.
