Office-Industrial Flex
1316 Bond St Naperville, IL 60563
1316 Bond St, Naperville, IL, 60563
$4,300,000
For Sale
$4,300,000
Flex building is fully occupied by a long-term tenant, with adaptable front windows and potential suite subdivision.
Property Size22,178 SF
Price / SF$193.89
Days on Market111
Property Features for 1316 Bond St
General Information
- Standard status
- Active
- Size
- 22,178 SF
- Property subtype
- Office
Building Details
- Year Built
- 2015
Listing agency
Chicago Oak Brook Office
(630) 570-2238
Listed by
Sean R. Sharko · License #IL: 471.010712
(630) 570-2238
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 22 at 5:03AM Checked: Jul 22 at 5:03AM
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 Chicago Oak Brook Office
Investment Insights
Based on property information with market context.
This premium office/industrial flex property is fully occupied by Weaver Consulting Group, the original tenant since 2015, with seven years of term remaining and annual rental increases. The tenant has expanded twice, reflecting continued long-term commitment. The building is designed for adaptability, including front-facing windows that can be converted into roll-up doors, supporting a possible shift to light industrial flex use if desired. The interior layout also allows the space to be subdivided into multiple suites, and the offering notes favorable OCI zoning that supports flexibility.
The property is located near Interstate-88 and Route 59, within a dense employment hub in Naperville. The surrounding area includes major employers, retail corridors, and hotels, and the remarks cite over 74,000 residents within three miles and average household incomes exceeding $150,000.
The current occupancy and lease structure may provide an opportunity to add value by converting the current modified lease to a net lease, depending on the agreed terms.
The property is located near Interstate-88 and Route 59, within a dense employment hub in Naperville. The surrounding area includes major employers, retail corridors, and hotels, and the remarks cite over 74,000 residents within three miles and average household incomes exceeding $150,000.
The current occupancy and lease structure may provide an opportunity to add value by converting the current modified lease to a net lease, depending on the agreed terms.
Key Highlights
- 2015‑built office/industrial flex building in Naperville, fully occupied by Weaver Consulting Group since 2015
- Long‑term tenant with seven years of term remaining and annual rental increases
- Tenant expanded twice, indicating ongoing commitment and continued space needs
Local Financial Insights For Warehouse
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 | $393.9k | $17.76 |
| − Vacancy | −$24.8k | −$1.12 |
| EGI | $369.1k | $16.64 |
| − OpEx | −$55.4k | −$2.50 |
| NOI | $313.7k | $14.14 |
22,178 SF · lease $17.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.48M
$3.92M – $5.23M
NOI $313,707 @ 7.0% cap · market cap 7.30%
Second Best
Office B
$3.75M
$3.28M – $4.37M
NOI $262,217 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$5.01M
$4.38M – $5.84M
NOI $350,427 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Landmarc Environmental Systems, ...
Environmental Engineer
Weaver Consultants Group
Environmental Consultant
Elisabeth Vanboekel
Physician
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FAQs
What type of property is this?
Flex space - Flex building is fully occupied by a long-term tenant, with adaptable front windows and potential suite subdivision.
Where is this flex space located?
The property is located at 1316 Bond St Naperville, IL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 2015‑built office/industrial flex building in Naperville, fully occupied by Weaver Consulting Group since 2015; Long‑term tenant with seven years of term remaining and annual rental increases; Tenant expanded twice, indicating ongoing commitment and continued space needs
