Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land on 95th Street Title is generated by Realmo AI

    2272 95th Street 310, Naperville, IL 60564

    View on Map
    Claim this Listing
    For Sale
    $619,000

    Commercial land available on 95th Street in Naperville, Illinois.

    Added:
    Jan 14, 2025
    Days on Market:
    504
    Last Refresh:
    Mar 27 at 1:43 am

    Property Features for 2272 95th Street 310

    General Information

    Standard status
    Active

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    Mark Ahmad
    Mark Ahmad

    Listing agent Mark Ahmad License #471007186

    Listing office Coldwell Banker Leader Realty

    Listing date Jan 14, 2025

    Source Evrealestate

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

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Leader Realty

    HighLights

    • Central air conditioning
    • Built in 2006
    • Located in Will County
    • Situated off Illinois Route 59
    • Accessible from 95th St.
    • Accessible from Book Rd.

    Overview

    This commercial land is located on 95th Street in Naperville, Illinois. The property can be accessed from Illinois Route 59 East on 95th Street, or from Book Road west on 95th Street.
    Location Intelligence

    Current Use by Public Records

    Citywide Title Corporation Title Company Candor Business Management Consultant Ashbury Dental Dental Office Busch Lisa M Physician Lawm Gerald D Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Will
    State
    Illinois
    Longitude
    -88.1912469
    Latitude
    41.7094344

    Nearby Similar for Sale

    • $1,200,000
      2,760 SF

      Luxury Motor Condo in Naperville

      Three-story, 2,760 sq ft unit in gated automotive community.
      2240 Ferry Road, Naperville, IL 60563
      View Details
    • $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
    • $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
    • $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
    • $290,000

      Naperville Multi-Family Lot Opportunity

      Improved multi-family lot in Ashwood Park, Naperville.
      4034 and 4036 Ashwood Park Court, Naperville, IL 60564
      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

      Naperville Duplex Near Metra Station

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

    FAQs

    What type of property is this?
    Commercial land - Commercial land available on 95th Street in Naperville, Illinois.
    Where is this commercial land located?
    The property is located at 2272 95th Street 310 Naperville, IL.
    What is the asking price?
    The asking price for this property is $619,000.
    What are key features of this property?
    This property features: Central air conditioning; Built in 2006; Located in Will County
    (773) 983-1553
    We can help!
    Listing Contact
    Mark Ahmad
    Mark Ahmad
    Real Estate License ID: 471007186
    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
    2272 95th Street 310, Naperville, IL 60564
    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!