Three-Story Medical Office
For Sale
$2,850,000
1288 Rickert Dr, Naperville, IL 60540
Fully occupied four-suite layout includes three medical tenants and one professional office tenant.
Property Size13,719 SF
Price / SF$208.33
Days on Market50
Property Features for 1288 Rickert Dr
General Information
Standard status
Active
Size
13,719 SF
Occupancy
100%
Additional Details
Office Units
4
Building Details
Year Built
1989
Buildings
1
Stories
3
Building Size
13,719 SF
Tenancy
Multi
Listing Agency:
Sperry Van Ness
Listed By:
Olivia Czyzynski · License #475146577
(312) 676-1862
Source:
Grandviewrealtyservices
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 7 at 3:25PM
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 Sperry Van Ness
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Investment Insights
Based on property information with market context.
Brighton Commons is a three-story medical office property arranged into four suites and currently fully occupied. The tenant roster includes three established medical practices and one professional office user, creating a mixed medical and office configuration. The building was constructed in 1989 and has been updated. A lease for the professional office space expires in April 2028, presenting a defined point for evaluating future third-floor medical office conversion.
The property is located at the intersection of Rickert Drive and 75th Street in Naperville, with reported traffic counts of 30,000 vehicles per day. Edward Hospital is one mile away, and the asset is situated within DuPage County. The surrounding submarket is identified as the Western East/West Corridor, with demand for medical office space noted in the source information.
The property is located at the intersection of Rickert Drive and 75th Street in Naperville, with reported traffic counts of 30,000 vehicles per day. Edward Hospital is one mile away, and the asset is situated within DuPage County. The surrounding submarket is identified as the Western East/West Corridor, with demand for medical office space noted in the source information.
Key Highlights
- Four‑suite medical office building is fully occupied
- Three established medical tenants and one professional office tenant
- Three‑story building constructed in 1989
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,142
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,742,840
$3.7M
Cap Rate 7%
$2,673,457
$2.7M
Cap Rate 9%
$2,079,356
$2.1M
Market Conditions
NOI Build-Up for 13,680 SF
Gross rent
$328.3K $24.00/SF
− Vacancy
−$16.4K −$1.20/SF
EGI
$311.9K $22.80/SF
− OpEx
−$124.8K −$9.12/SF
NOI
$187.1K $13.68/SF
Area
Naperville, IL
Vacancy
5.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,742,840
Cap Rate 7%
$2,673,457
Cap Rate 9%
$2,079,356
Alternative Uses
Best Use
Healthcare Medical
$2.67M
$2.34M – $3.12M
NOI $187,142 @ 7.0% cap · market cap 6.57%
Second Best
Office B
$2.31M
$2.02M – $2.70M
NOI $161,743 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,153 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60540, IL
44,201
Population
16,253
Households
2.7
Avg Household Size
41
Median Age
72%
College-Educated
98%
High-School Grad
13.2 sq mi
ZIP Area
3,349
Density / Sq Mi
$155,866
Median Household Income
$70,026
Median Earnings
$1,982
Median Rent
$504,900
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully occupied four-suite layout includes three medical tenants and one professional office tenant.
Where is this medical office space located?
The property is located at 1288 Rickert Dr Naperville, IL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Four‑suite medical office building is fully occupied; Three established medical tenants and one professional office tenant; Three‑story building constructed in 1989
