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    Office Condominium with Three Suites Title is generated by Realmo AI

    1754 North Washington Street, Naperville, IL 60563

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    For Sale
    $399,900

    Three-suite office condo offers a shared hallway, restrooms, and dedicated parking with convenient highway access to downtown Naperville.

    Type:Office
    Property size:
    2,892 SF
    Price / SF:
    $138/SF
    Added:
    Jun 25, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 27 at 2:29 am

    Property Features for 1754 North Washington Street

    General Information

    Standard status
    Active
    Size
    2,892 SF
    Property subtype
    Office

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    Jon Waldron
    Jon Waldron

    Listing office John Greene Commercial

    Listing date Jun 25, 2026

    Source Johngreenerealestate

    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 John Greene Commercial

    HighLights

    • 2,892± SF office condominium consisting of three separate office suites
    • Shared hallway, restrooms, and a small break area for the three suites
    • Common layout includes three suites with shared amenities
    • Ample on‑site parking
    • Convenient access to highways and downtown Naperville

    Overview

    This office condominium totals approximately 2,892 SF and is configured as three separate office suites connected by a shared hallway. The property includes common restrooms and a small break area, supporting day-to-day workplace needs across the three suites.

    The building provides ample on-site parking, which is a practical advantage for both employees and visiting clients. The location also offers convenient access to area highways and downtown Naperville, supporting ease of commute and local business access.

    The three-suite layout can fit a range of tenant and owner-occupier scenarios, whether you are looking to occupy one suite and lease others or manage multiple offices within one condominium setting. Shared common areas help streamline the office environment while keeping suite-level separation.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $60.4k $20.88
    − Vacancy −$14.8k −$5.12
    EGI $45.6k $15.76
    − OpEx −$11.4k −$3.94
    NOI $34.2k $11.82
    2,892 SF · lease $20.88/SF/yr · vacancy 24.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $488.5K
    $427.4K – $569.9K (±1% cap)
    NOI $34,193 @ 7.0% cap · market cap 8.55%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $652.8K
    $571.2K – $761.6K (±1% cap)
    NOI $45,695 @ 7.0% cap · market cap 11.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Fatbuck Jսnk Cаrs ... Auto Parts Store SK Tax Naperville Accounting Firm Ashley Eller Counselor Mc Kee M ... Medical Clinic Susan Myket Physician

    Suggested Use

    Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store Shopping Center & Mall Bed & Breakfast Carpet & Flooring Store Barber Shop (Bike/Boat/Book/etc) Store Arcade & Gaming Center Mobile Phone Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Will
    State
    Illinois
    Longitude
    -88.1409184
    Latitude
    41.8020505

    FAQs

    What type of property is this?
    Office units - Three-suite office condo offers a shared hallway, restrooms, and dedicated parking with convenient highway access to downtown Naperville.
    Where is this office units located?
    The property is located at 1754 North Washington Street Naperville, IL.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: 2,892± SF office condominium consisting of three separate office suites; Shared hallway, restrooms, and a small break area for the three suites; Common layout includes three suites with shared amenities
    More about this property
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