Endcap Dental Office
For Sale
Contact for pricing
1001 East Chicago Avenue, Naperville, IL 60540
Well-maintained dental office with exam room, lab, and two parking-level entrances, easily divisible into two suites.
Property Size3,895 SF
Price / SF$153.53
Days on Market68
Property Features for 1001 East Chicago Avenue
General Information
Standard status
Active
Size
3,895 SF
Class
B
Total Parking Spaces
12
Property subtype
Office
Zoning
Commercial
Occupancy
50%
Lease Type
Gross
Investment Type
Net Lease
Building Details
Year Built
1995
Units
2
Tenancy
Multi
Listing Agency:
CENTURY 21 Circle
Listed By:
Diane Simmons · License #475141472
Source:
Crexi
Added: Jul 3
Changed: Sep 8
Last Checked: Sep 8 at 7:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Circle
Investment Insights
Based on property information with market context.
This well-maintained dental office is set up for convenient patient flow, featuring an open concept area, a lobby, three restrooms, two offices, a lab, an exam room, and a storage room. The space is described as turnkey for a dental user in exceptional condition, with the option to convert to other medical or med spa use. Equipment is sold separately or removed by the owner, and the property includes monument signage.
The end unit is located off Chicago Ave and has two entrances, both on the parking level. With plenty of parking, the layout is also described as easily divisible into two suites, offering flexibility for future operational needs.
The end unit is located off Chicago Ave and has two entrances, both on the parking level. With plenty of parking, the layout is also described as easily divisible into two suites, offering flexibility for future operational needs.
Key Highlights
- Well‑maintained dental office with open concept area, lobby, lab, and exam room
- Includes 3 restrooms, 2 offices, and a storage room
- Two entrances located on the parking level
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,284
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,065,680
$1.1M
Cap Rate 7%
$761,200
$761.2K
Cap Rate 9%
$592,044
$592.0K
Market Conditions
NOI Build-Up for 3,895 SF
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.
Gross rent
$93.5K $24.00/SF
− Vacancy
−$4.7K −$1.20/SF
EGI
$88.8K $22.80/SF
− OpEx
−$35.5K −$9.12/SF
NOI
$53.3K $13.68/SF
Area
Naperville, IL
Vacancy
5.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,065,680
Cap Rate 7%
$761,200
Cap Rate 9%
$592,044
Alternative Uses
Best Use
Healthcare Medical
$761.2K
$666.1K – $888.1K
NOI $53,284 @ 7.0% cap · market cap 8.91%
Second Best
Office B
$657.9K
$575.7K – $767.5K
NOI $46,052 @ 7.0% cap · market cap 7.70%
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60540, IL
44,201
Population
16,253
Households
2.7
Avg Household Size
41
Median Age
72%
College-Educated
98%
High-School Grad
13.2 sq mi
ZIP Area
3,349
Density / Sq Mi
$155,866
Median Household Income
$70,026
Median Earnings
$1,982
Median Rent
$504,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained dental office with exam room, lab, and two parking-level entrances, easily divisible into two suites.
Where is this medical office space located?
The property is located at 1001 East 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: Well‑maintained dental office with open concept area, lobby, lab, and exam room; Includes 3 restrooms, 2 offices, and a storage room; Two entrances located on the parking level
