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43 E Jefferson Ave Naperville, IL 60540

For Sale
$4,400,000

Value-add investment with immediate cash flow and upside potential.

Property size:
16,954 SF

Property Features for 43 E Jefferson Ave

General Information

Size
16,954 SF

Building Details

Year built
1845

Source: Joel Miller, CCIM Agent Joel Miller, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Building in Downtown Naperville

The Jefferson Hill building is a mixed-use property featuring restaurant, retail, and office spaces in downtown Naperville. The original historic building, dating back to approximately 1845, once served as the home of Francis Kendall, Naperville's mayor from 1913 to 1917. This investment opportunity offers immediate cash flow with an actual net operating income (NOI) of $227,000, based on 58% occupancy. There is potential for increased value through the lease-up of over 6,500 square feet of retail and office space on the first and second floors. With full occupancy, the pro-forma NOI could exceed $440,000. The flexible B4 zoning allows for a variety of uses, and its location within Naperville’s parking district permits development of the parking lot and potential expansion of the building to approximately 30,000 square feet. Onsite parking is available, and a public parking deck is located immediately across Jefferson Avenue. The property is adjacent to North Central College, Naperville Community Concert Center, and Wentz Concert Hall. Located one block east of Washington Street on Jefferson Avenue in Downtown Naperville, the property is near retailers such as Athleta, Ramsay's Kitchen, Noodles and Co, Nando's Peri Peri, Gia Mia, ModPizza, Ulta Beauty, and Catch 35. The 2024 taxes are $59,621. The property size is 16,954 square feet.
Property Profile Insight Report 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
County
Will
State
Illinois
Longitude
-88.146212
Latitude
41.7732321

FAQs

What type of property is this?
Retail space - Value-add investment with immediate cash flow and upside potential.
Where is this retail space 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 investment with immediate cash flow: $227,000 NOI at 58% occupancy.; - Significant upside potential: Pro-forma NOI exceeding $440,000 with full occupancy.; - Prime downtown Naperville location: One block from Washington Street.
More about this property
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