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    43 E Jefferson Ave Naperville, IL 60540

    Sponsored
    Source: https://svn.com
    For Sale
    $4,400,000

    The Jefferson Hill building is a mixed use restaurant, retail and office For Sale

    Property size:
    16,954 SF

    Description

    Added:
    May 15, 2025
    Days on Market:
    237
    The Jefferson Hill building is a mixed use restaurant, retail and office property in in downtown Naperville. The original historic 1845 circa building was the home of Francis Kendall, Naperville's mayor from 1913 to 1917.

    This value-add investment offers immediate cash-flow with an actual NOI of $227,000 on 58% occupancy. Immediate upside potential through the lease up of 6,500+ SF of retail and office space on the first and second floor. If fully occupied, the pro-forma NOI would exceed $440,000.

    Flexible B4 zoning allows for a variety of uses, and the location in Naperville’s parking district allows for development of the parking lot and expansion of the building to approx. 30,000 SF. 2023 Taxes: $58,098.

    Location Description
    Located one block east of Washington Street on Jefferson Avenue in Downtown Naperville. Immediate area retail tenants include Athleta, Ramsay's Kitchen, Noodles and Co, Nando's Peri Peri, Gia Mia, ModPizza, Ulta Beauty, Catch 35 and more.

    Jefferson Hill is adjacent to North Central College, Naperville Community Concert Center, Wentz Concert Hall, and a municipal parking deck.

    Property Features for 43 E Jefferson Ave

    General Information

    Property type
    Other mixed-use properties
    Square Feet
    16,954 SF
    Price / Square Foot
    $259
    Elevators
    N/A

    Building Details

    Year Built
    1845
    Buildings
    1
    Stories
    3

    HighLights

    • Value‑Add Mixed Use Building in Downtown Naperville 58% Occupancy - Strong Immediate Upside Future Opportunity to Expand or Redevelop the Building Onsite Parking + Public Parking Deck Immediately Across Jefferson Adjacent to North Central College Campus
    Location Intelligence

    Current Use by Public Records

    Jaels Luxury Hair ... Beauty Salon Young Naperville Singers Association / Organization AMS Wellness Counselor Carolyn J. Atkinson, ... Psychologist Jefferson Hill Building Office Space Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    State
    Illinois
    Longitude
    -109.638757
    Latitude
    47.3752671

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    FAQs

    What type of property is this?
    Mixed-use property - The Jefferson Hill building is a mixed use restaurant, retail and office For Sale
    Where is this mixed-use property located?
    The property is located at 43 E Jefferson Ave Naperville, IL.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: Value-Add Mixed Use Building in Downtown Naperville 58% Occupancy - Strong Immediate Upside Future Opportunity to Expand or Redevelop the Building Onsite Parking + Public Parking Deck Immediately Across Jefferson Adjacent to North Central College Campus
    (630) 270-6949
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    Realmo Value Estimation

    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.

    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.

    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
    43 E Jefferson Ave Naperville, IL 60540
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