Professional Office
1770 Park St Unit 200, Naperville, IL 60563
For Sale
$1,050,000
Flexible office condominium with private offices, meeting rooms, storage, kitchen facilities, and surface parking.
Property Size7,876 SF
Price / SF$133.32
Days on Market52
Property Features for 1770 Park St Unit 200
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
RE/MAX Professionals Select
Listed By:
Alexa Wagner · License #475124872
(630) 904-6400
Source:
Theluxliferealty
Added: Sep 19
Changed: Oct 25
Last Checked: Oct 7 at 2:01PM
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 RE/MAX Professionals Select
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Investment Insights
Based on property information with market context.
This 7,876-square-foot office condominium, built in 2000, provides a substantial professional workspace with a mix of private offices, administrative areas, collaborative work zones, conference rooms, and storage. The layout includes approximately 13–15 private offices, meeting areas including one measuring approximately 629 square feet, a reception and foyer, a full bath, and dedicated copy and data rooms. A coded double-door entry leads into the suite, while the kitchen includes stainless appliances, a dishwasher, disposal, refrigerator, granite surfaces, and LVP flooring. HVAC systems were replaced in 2016.
The property is located at 1770 Park St Unit 200 in Naperville, with convenient access to I-88, Route 59, Downtown Naperville, restaurants, and area amenities. Surface parking is available for employees and visitors. The office configuration supports established business operations, professional practices, and corporate office use without relying on a single standardized floor plan.
The property is located at 1770 Park St Unit 200 in Naperville, with convenient access to I-88, Route 59, Downtown Naperville, restaurants, and area amenities. Surface parking is available for employees and visitors. The office configuration supports established business operations, professional practices, and corporate office use without relying on a single standardized floor plan.
Key Highlights
- 7,876 SF office condominium at 1770 Park St Unit 200
- Approximately 13–15 private offices
- Meeting area of approximately 629 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,120
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,862,400
$1.9M
Cap Rate 7%
$1,330,286
$1.3M
Cap Rate 9%
$1,034,667
$1.0M
Market Conditions
NOI Build-Up for 7,876 SF
Gross rent
$164.5K $20.88/SF
− Vacancy
−$40.3K −$5.12/SF
EGI
$124.2K $15.76/SF
− OpEx
−$31.0K −$3.94/SF
NOI
$93.1K $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%
$1,862,400
Cap Rate 7%
$1,330,286
Cap Rate 9%
$1,034,667
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $93,120 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.07M
NOI $124,446 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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 - Flexible office condominium with private offices, meeting rooms, storage, kitchen facilities, and surface parking.
Where is this office unit located?
The property is located at 1770 Park St Unit 200 Naperville, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 7,876 SF office condominium at 1770 Park St Unit 200; Approximately 13–15 private offices; Meeting area of approximately 629 SF
