1001 E Chicago Avenue, Naperville, IL 60540
- Added:
- Jul 2, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 3 at 2:06 pm
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 agent Diane Simmons License #475141472 (630) 369-2000
Listing office Century 21 Circle 1288 Rickert Dr. Ste. 300, Naperville, IL (630) 369-2000
Listing date Jul 2, 2026
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
- 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
- Ground level: ~2,000 SF available for lease at $2,500/month
- Space includes private offices, conference rooms, open/flex workspace, media rooms, restrooms, and a full kitchen
- Central air cooling and 10‑foot ceilings on the upper level
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Naperville
- County
- Will
- State
- Illinois
- Longitude
- -88.1315326
- Latitude
- 41.7745483