Mixed-Use Property with
For Sale
Contact for pricing
175 Jackson Ave, Naperville, IL 60540
1964-built commercial asset with dedicated parking and two vacant suites.
Property Size17,832 SF
Price / SF$420.59
Days on Market166
Property Features for 175 Jackson Ave
General Information
Standard status
Active
Size
17,832 SF
Property subtype
Mixed Use, Office, Retail
Occupancy
87%
Investment Type
Value Add
Net Operating Income
$510,547
Building Details
Year Built
1964
Year Renovated
1996
Buildings
1
Stories
2
Units
8
Tenancy
Multi
Listing Agency:
Quantum Real Estate Advisors
Listed By:
Daniel Waszak · License #IL 475153121
Source:
Crexi
Added: Mar 18
Changed: Aug 30
Last Checked: Aug 30 at 10:58AM
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 Quantum Real Estate Advisors
Investment Insights
Based on property information with market context.
This 17,832-square-foot mixed-use property was constructed in 1964 and includes dedicated parking. Two vacant suites together account for 2,292 square feet, providing existing leasable space within the building.
The property is located at 175 Jackson Ave in downtown Naperville, Illinois. The surrounding three-mile area includes 89,452 residents, with an average household income of $182,400.
The property is located at 175 Jackson Ave in downtown Naperville, Illinois. The surrounding three-mile area includes 89,452 residents, with an average household income of $182,400.
Key Highlights
- 17,832‑square‑foot mixed‑use property
- Two vacant suites totaling 2,292 SF
- Dedicated parking included
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
$223,881
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
2.99%
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%
$4,477,620
$4.5M
Cap Rate 7%
$3,198,300
$3.2M
Cap Rate 9%
$2,487,567
$2.5M
Market Conditions
NOI Build-Up for 17,832 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
$385.2K $21.60/SF
− Vacancy
−$27.0K −$1.51/SF
EGI
$358.2K $20.09/SF
− OpEx
−$134.3K −$7.53/SF
NOI
$223.9K $12.56/SF
Area
Naperville, IL
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$4,477,620
Cap Rate 7%
$3,198,300
Cap Rate 9%
$2,487,567
Alternative Uses
Best Use
Mixed Use
$3.20M
$2.80M – $3.73M
NOI $223,881 @ 7.0% cap · market cap 2.99%
Second Best
Office B
$3.01M
$2.64M – $3.51M
NOI $210,833 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$4.03M
$3.52M – $4.70M
NOI $281,757 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 1964-built commercial asset with dedicated parking and two vacant suites.
Where is this mixed-use property located?
The property is located at 175 Jackson Ave Naperville, IL.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 17,832‑square‑foot mixed‑use property; Two vacant suites totaling 2,292 SF; Dedicated parking included
