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    Updated Office Space Near Downtown Title is generated by Realmo AI

    849 N Ellsworth Street, Naperville, IL 60563

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    COMMERCIAL - Naperville, IL

    Type:Office
    Lot size:
    0.31 Acres
    Added:
    Sep 20, 2025
    Days on Market:
    251
    Last Refresh:
    May 28 at 1:06 am

    Property Features for 849 N Ellsworth Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    COMMR
    Standard status
    Active
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    15087

    Utilities

    Utilities
    Natural Gas Available
    Cooling system
    Zoned, Central Air

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Varies, Carpet
    Building materials
    Brick, Wood, Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Anthony Brummel
    Anthony Brummel

    Listing agent Anthony Brummel License #471015302

    Listing office Brummel Properties, Inc. 58 Chicago Road, Oswego, IL

    Listing date Sep 20, 2025

    MLS# 12477086

    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.

    HighLights

    • Prime Location: Minutes from Downtown Naperville with high visibility (28,000+ vehicles daily).
    • Flexible Space Options: Suites available from single offices up to 3,500 SF.
    • Recently Renovated: Modern updates throughout the two‑story building.
    • Convenient Access: Walking distance to public transportation and Metra station; easy access to I‑88 and I‑355.
    • Ample Parking and Strong Signage: Provides convenience for clients and business promotion.
    • Suite Features: 1,500 SF upper‑level suite with three private offices, conference room, and private restroom.

    Overview

    Available now is a recently updated 1,500 square foot upper-level suite featuring three private offices, a conference room, private restroom, and separate access. Flexible options are available with single offices up to 3,500 square feet. This two-story office building, complete with a partially finished basement, has been recently renovated and offers visibility with more than 28,000 vehicles passing daily. The property provides on-site parking and signage opportunities. It is located minutes from Downtown Naperville's restaurants, shopping, business support services, and recreational amenities. Conveniently located within walking distance to public transportation and the Metra station, the property also offers access to major highways including I-88 and I-355. The 0.31-acre lot is zoned for commercial use. This space is suited for professional offices or service providers seeking a location in Naperville.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brummel Properties Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Will
    State
    Illinois
    Longitude
    -88.1447713
    Latitude
    41.7854885

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    FAQs

    What type of property is this?
    Office units - Recently updated office space with flexible options near downtown.
    Where is this office units located?
    The property is located at 849 N Ellsworth Street Naperville, IL.
    What are key features of this property?
    This property features: Prime Location: Minutes from Downtown Naperville with high visibility (28,000+ vehicles daily).; Flexible Space Options: Suites available from single offices up to 3,500 SF.; Recently Renovated: Modern updates throughout the two‑story building.
    (630) 551-8005
    We can help!
    Listing Contact
    Anthony Brummel
    Anthony Brummel
    Real Estate License ID: 471015302
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    849 N Ellsworth Street, Naperville, IL 60563
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