Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1770 Park St Naperville, IL 60563

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $695,000

    Move-in ready office space with private offices and conference rooms.

    Property size:
    5,942 SF
    Lot size:
    2.87 Acres

    Property Features for 1770 Park St

    General Information

    Size
    5,942 SF
    Lot size
    2.87 Acres

    We can help!

    Listing Contact
    Ryan Moen
    Ryan Moen
    Source: Moodyscre

    Listing Agent: Ryan Moen

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

    Learn more

    Property Insight Report

    Overview

    Furnished Office Condo in Naperville

    This 5,942 square foot first-floor office space, located at 1770 Park Street in Naperville, Illinois, is available for sale. The unit is fully furnished and move-in ready, featuring 9 private offices, 15 workstations, two conference rooms, and a kitchen area. The property is situated just off Diehl Road, providing access to I-88 and proximity to various fast-serve and fine dining restaurants. The property has real estate taxes of $14,430, which is $2.43 per square foot, and assessments of $5.25 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Artha Solutions Software Company Driscoll Law Offices ... Attorney The Collins Law Firm, ... Personal Injury Attorney Labyrinth Counseling Center Family Counselor Daniele & Associates Social Worker

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Will
    State
    Illinois
    Longitude
    -88.1478564
    Latitude
    41.8009308

    Nearby Similar for Sale

    • New
      $2,400,000
      4,000 SF

      Luxury Duplex Near Metra Station

      Custom-built duplex with high-end finishes near downtown Naperville and Metra.
      715-717 N Brainard St, Naperville, IL 60563
      View Details
    • $875,000
      0.31 Acres

      Naperville Office Space For Sale

      Highly visible, renovated office building near downtown Naperville.
      849 N Ellsworth St, Naperville, IL 60563
      View Details
    • $598,000

      Prime Office Condo in Naperville

      High-visibility office condo near downtown Naperville and Metra station.
      1001 E Chicago Ave, Naperville, IL 60540
      View Details
    • $625,000
      2.83 Acres

      Executive Office Space in Naperville

      Remodeled office suite in prime Naperville location.
      2272 95Th St, Naperville, IL 60564
      View Details
    • $875,000
      0.37 Acres

      Naperville Commercial Property For Sale

      High-visibility commercial property in Naperville, impeccably maintained with recent updates.
      229 W Ogden Ave, Naperville, IL 60563
      View Details
    • $725,000
      14.70 Acres

      Iron Gate End Unit

      Premier automotive enthusiast condo in Naperville's Iron Gate community.
      2256 Ferry Rd, Naperville, IL 60563
      View Details
    • $290,000
      0.70 Acres

      Naperville Office Condo For Sale

      Well-maintained office condo in prime Naperville location.
      1776 Legacy Cir, Naperville, IL 60563
      View Details
    • $719,000
      0.01 Acres

      Naperville Multi-Family Near Train

      Two-unit property near train station, potential single-family conversion.
      722 N Center St, Naperville, IL 60563
      View Details
    • $599,000
      14.70 Acres

      Luxury Motor Condo in Naperville

      Exclusive motor condo with premium finishes and convenient location.
      2112 Ferry Rd, Naperville, IL 60563
      View Details
    • $410,000
      1,931 SF

      Naperville Townhome with Upgrades

      Spacious 3-bedroom townhome in Naperville 204 School District.
      3331 Rosecroft Ln, Naperville, IL 60564
      View Details
    • Contact for pricing
      52,101 SF

      Prime Retail and Restaurant Space

      Retail and restaurant spaces in a busy Naperville retail corridor.
      2764 Aurora Ave, Naperville, IL 60540
      View Details
    • $235,000

      Naperville Condo in Cress Creek

      Meticulously maintained 2-bedroom condo in a desirable Naperville location.
      1125 Royal Saint George Dr, Naperville, IL 60563
      View Details

    FAQs

    What type of property is this?
    Office space - Move-in ready office space with private offices and conference rooms.
    Where is this office space located?
    The property is located at 1770 Park St Naperville, IL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Move-in ready, fully furnished 5,942 SF office space.; - Features 9 private offices, 15 workstations, 2 conference rooms, and a kitchen area.; - Located just off Diehl Road with access to I-88.
    (630) 480-6346
    Request Owner's contact information
    1770 Park St Naperville, IL 60563
    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.
    1770 Park St
    Naperville, IL 60563
    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
    1770 Park St Naperville, IL 60563
    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

    We can help!
    Listing Contact
    Ryan Moen
    Ryan Moen
    Real Estate License ID: IL 471011256
    (630) 480-6346
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.