Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Naperville Retail Building on Corner Title is generated by Realmo AI

    1260 Book Road, Naperville, IL 60540

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    4,139 SF Retail Property For Sale

    Property size:
    4,139 SF
    Lot size:
    1.21 Acres
    Price / SF:
    $289/SF
    Added:
    Jan 30, 2025
    Days on Market:
    476
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 1260 Book Road

    General Information

    Standard status
    Active
    Property type
    Other retail properties, Individual retail properties, Other office properties, Retail properties & Spaces, Office Spaces
    Size
    4,139 SF
    Class
    B
    Total Parking Spaces
    24
    Elevators
    N/A
    Lot size
    1.21 Acres
    Investment Type
    Owner User

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Mark Kolar

    Listing agent Mark

    Listing office Cresa - Corporate

    Listing date Jan 30, 2025

    Overview

    This 4,139 square foot retail building is located in Naperville on a highly visible corner lot. The property, situated on 1.21 acres, offers exposure suitable for businesses seeking to establish a presence. The existing structure provides a foundation for a variety of retail uses, allowing for customization. Its location ensures access for customers and employees. The 1.21-acre lot provides space for potential expansion or additional development, enhancing its long-term value. The property is located in a desirable area of Naperville, Illinois, with a 60540 zip code.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tony Lucio - GreenState ... Loan Service GreenState Credit Union Credit Union Anthony Pasquinelli - GreenState ... Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Will
    State
    Illinois
    Longitude
    -88.185959
    Latitude
    41.748039

    Nearby Similar for Sale

    • $870,000

      Renovated Office Building in Naperville

      Well-maintained office building with high traffic exposure in Naperville.
      849 N Ellsworth Street, Naperville, IL 60563
      View Details
    • $345,000

      Naperville Office Space For Sale

      Modern office space in a convenient Naperville location.
      1700 Park Street, Naperville, IL 60563
      View Details
    • $579,000

      Naperville Motor Condo at Iron Gate

      Two-story motor condo designed for collectors, business owners, enthusiasts.
      2112 Ferry Road, Naperville, IL 60563
      View Details
    • $185,000

      Established Restaurant Business For Sale

      Turnkey restaurant business with established reputation and clientele for sale.
      1995 Springbrook Square Drive, Naperville, IL 60564
      View Details
    • $499,000

      Luxury Automotive Gallery Condo

      Showroom-style motor condo with car lift and mezzanine.
      2112 Ferry Road, Naperville, IL 60563
      View Details
    • $699,000

      Naperville Triplex with Rental Income

      Two-story triplex in downtown Naperville, ideal for rental income.
      840 N Center Street, Naperville, IL 60563
      View Details
    • $669,900

      Naperville Multi-Unit Investment Opportunity

      Multi-unit property in Naperville's Historic District, walk to everything!
      211 N Wright Street, Naperville, IL 60540
      View Details
    • $475,000

      Naperville Duplex Near Metra Station

      Redevelopment opportunity near downtown Naperville and Metra station.
      323 N Loomis Street, Naperville, IL 60540
      View Details
    • $624,000

      Naperville Executive Office Space For Sale

      Professional office space in prime Naperville location, move-in ready.
      2272 95th Street 310, Naperville, IL 60564
      View Details
    • $619,000

      Professional Executive Office Space Available

      Remodeled office space in Naperville's growing business corridor.
      2272 95th Street, Naperville, IL 60564
      View Details
    • $475,000

      Customized Car Condo in Naperville

      Unique storage and entertainment space in vibrant Iron Gate community.
      2228 Ferry Road, Naperville, IL 60563
      View Details
    • $3,950,000
      37,616 SF

      Naperville Office Building For Sale

      Well-located office building in Naperville, Illinois with strong demographics.
      1300 Iroquois Ave, Naperville, IL 60563
      View Details

    FAQs

    What type of property is this?
    Other retail property - 4,139 SF Retail Property For Sale
    Where is this other retail property located?
    The property is located at 1260 Book Road Naperville, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (773) 320-0914
    We can help!
    Listing Contact
    Mark Kolar
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1260 Book Road, Naperville, IL 60540
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!