Korean BBQ Chicken
For Sale
Contact for pricing
1295 East Ogden Avenue, Naperville, IL 60563
Restaurant space inside H Mart with a modern buildout and commercial kitchen infrastructure for dine-in and takeout service.
Property Size1,000 SF
Price / SF$350
Days on Market151
Property Features for 1295 East Ogden Avenue
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Business for Sale
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Listing Agency:
Chicago-Coldwell Banker Commercial NRT
Listed By:
Michael Kang · License #IL 475163662
Source:
Crexi
Added: Apr 16
Changed: Sep 7
Last Checked: Sep 13 at 5:19AM
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-Coldwell Banker Commercial NRT
Investment Insights
Based on property information with market context.
This Korean BBQ chicken restaurant occupies 1000 square feet inside H Mart in Naperville. The space includes a modern buildout and a fully equipped commercial kitchen with a hood system, supporting continued restaurant operations without the need to establish core kitchen infrastructure from the beginning. Both dine-in and takeout service are identified as operating formats.
The restaurant is located at 1295 East Ogden Avenue in Naperville, IL 60563, within the H Mart facility. Its position inside the store provides an established retail setting and exposure to H Mart customers. The property is offered as a restaurant business opportunity with the existing improvements and kitchen equipment in place.
The restaurant is located at 1295 East Ogden Avenue in Naperville, IL 60563, within the H Mart facility. Its position inside the store provides an established retail setting and exposure to H Mart customers. The property is offered as a restaurant business opportunity with the existing improvements and kitchen equipment in place.
Key Highlights
- Located inside H Mart at 1295 East Ogden Avenue in Naperville, IL 60563
- 1000 square feet of restaurant space
- Modern buildout in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,875
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,500
$197.5K
Cap Rate 7%
$141,071
$141.1K
Cap Rate 9%
$109,722
$109.7K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$14.3K $14.28/SF
− Vacancy
−$1.1K −$1.11/SF
EGI
$13.2K $13.17/SF
− OpEx
−$3.3K −$3.29/SF
NOI
$9.9K $9.87/SF
Area
Naperville, IL
Vacancy
7.80%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,500
Cap Rate 7%
$141,071
Cap Rate 9%
$109,722
Alternative Uses
Best Use
Specialty Retail
$141.1K
$123.4K – $164.6K
NOI $9,875 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$225.7K
$197.5K – $263.4K
NOI $15,801 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,816
Businesses Nearby
566k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 25%
Superstores 23%
Groceries 4%
Costco Wholesale
Superstores
129,377 visits/mo
0.1 miles
7 Brew Coffee
Dining
61,687 visits/mo
0.1 miles
Costco Gasoline
Shops & Services
57,531 visits/mo
0.1 miles
McDonald's
Dining
36,788 visits/mo
0.3 miles
Cooper's Hawk Winery & Restaurant
Dining
24,384 visits/mo
0.4 miles
Demographics for 60563, IL
37,997
Population
16,911
Households
2.2
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
14.6 sq mi
ZIP Area
2,603
Density / Sq Mi
$106,207
Median Household Income
$71,782
Median Earnings
$1,786
Median Rent
$422,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space inside H Mart with a modern buildout and commercial kitchen infrastructure for dine-in and takeout service.
Where is this conventional restaurant located?
The property is located at 1295 East Ogden Avenue Naperville, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Located inside H Mart at 1295 East Ogden Avenue in Naperville, IL 60563; 1000 square feet of restaurant space; Modern buildout in place
