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    Two-Suite Office Condominium Title is generated by Realmo AI

    1001 E Chicago Avenue, Naperville, IL 60540

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    For Sale
    $598,000

    COMMERCIAL - Naperville, IL

    Type:Office
    Property size:
    3,895 SF
    Price / SF:
    $153/SF
    Added:
    Jul 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jul 3 at 1:06 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

    We can help!

    Contact an agent
    Diane Simmons

    Listing agent Diane Simmons License #475141472

    Listing office Century 21 Circle 1288 Rickert Dr. Ste. 300, Naperville, IL

    Listing date Jul 2, 2026

    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.

    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

    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.

    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 (±1% cap)
    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 (±1% cap)
    NOI $61,543 @ 7.0% cap · market cap 10.29%
    Zoning and permitted uses should be independently verified with local authorities.
    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

    Suggested Use

    Auto Parts Store Hotel & Motel Food Market Grocery & Convenience Store Auto Repair Shop Wine and Liquor Store Daycare Center (Bike/Boat/Book/etc) Store Storage Facility (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Will
    State
    Illinois
    Longitude
    -88.1315326
    Latitude
    41.7745483

    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
    More about this property
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