43 E Jefferson Ave Naperville, IL 60540

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.