Office Unit with Existing
1770 Park Street, Naperville, IL 60563
For Sale
$300,000
Commercial Sale, Naperville, IL
Property Size1,499 SF
Lot Size0.03 Acres
Price / SF$200.13
Days on Market55
Property Features for 1770 Park Street
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
RE/MAX Professionals Select · RE/MAX International
Listed By:
Alexa Wagner · License #475124872
(630) 904-6400
Added: Sep 16
Changed: Oct 10
Last Checked: Nov 9 at 4:06AM
MLS# 12754025
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Suite 202 is an approximately 1,499 SF professional office condominium within Park Place Office Condominiums. The interior includes a central work area, three private offices, a meeting room, reception and waiting areas, kitchen, and storage. Two offices have window walls, while the kitchenette provides granite counters, a sink, and upper and lower cabinetry. Fresh paint was completed in 2024, and the property includes central air, carpeted floors, and brick construction.
An existing tenant occupies the suite through October 2027. The tenant pays its own internet and janitorial service, with CAM and taxes included in the rent. The property has a large parking lot with plentiful parking and access to I-88, Route 59, Downtown Naperville, restaurants, and surrounding business amenities. The office condominium was built in 1999 and is zoned OFFIC.
An existing tenant occupies the suite through October 2027. The tenant pays its own internet and janitorial service, with CAM and taxes included in the rent. The property has a large parking lot with plentiful parking and access to I-88, Route 59, Downtown Naperville, restaurants, and surrounding business amenities. The office condominium was built in 1999 and is zoned OFFIC.
Key Highlights
- Approximately 1,499 SF professional office condominium
- Existing tenant in place through Oct 2027
- Three private offices, meeting room, reception, waiting areas, kitchen, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,723
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,460
$354.5K
Cap Rate 7%
$253,186
$253.2K
Cap Rate 9%
$196,922
$196.9K
Market Conditions
NOI Build-Up for 1,499 SF
Gross rent
$31.3K $20.88/SF
− Vacancy
−$7.7K −$5.12/SF
EGI
$23.6K $15.76/SF
− OpEx
−$5.9K −$3.94/SF
NOI
$17.7K $11.82/SF
Area
Naperville, IL
Vacancy
24.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,460
Cap Rate 7%
$253,186
Cap Rate 9%
$196,922
Alternative Uses
Best Use
Office B
$253.2K
$221.5K – $295.4K
NOI $17,723 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.4K
$296.1K – $394.8K
NOI $23,685 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for Office Units in Naperville
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office condominium with a flexible layout, private offices, meeting space, and dedicated reception areas.
Where is this office unit located?
The property is located at 1770 Park Street Naperville, IL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Approximately 1,499 SF professional office condominium; Existing tenant in place through Oct 2027; Three private offices, meeting room, reception, waiting areas, kitchen, and storage
