Professional Office
1770 Park St Unit 202, Naperville, IL 60563
For Sale
$300,000
Flexible workplace layout with private offices, conference space, reception areas, and a kitchenette.
Property Size1,499 SF
Price / SF$200.13
Days on Market49
Property Features for 1770 Park St Unit 202
General Information
Standard status
Size
Additional Details
Highway Access
Office Units
Building Details
Year Built
Tenancy
Listing Agency:
RE/MAX Professionals Select
Listed By:
Alexa Wagner · License #475124872
(630) 904-6400
Source:
Grandviewrealtyservices
Added: Sep 22
Changed: Oct 26
Last Checked: Oct 7 at 4:20PM
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.
Suite 202 is a 1,499 SF professional office condominium within Park Place Office Condominiums. The interior was freshly painted in 2024 and includes a central work area, three private offices, a meeting and conference room, reception and waiting areas, kitchen space, and storage. Two offices have window walls that provide natural light. The kitchenette features granite countertops, a sink, and upper and lower cabinetry.
The suite is occupied by an existing tenant through Oct 2027. The tenant pays for internet and janitorial service, while CAM and taxes are included in the rent. The property also offers access to a large parking lot with plentiful parking and convenient connections to I-88, Route 59, Downtown Naperville, restaurants, and surrounding business amenities.
The suite is occupied by an existing tenant through Oct 2027. The tenant pays for internet and janitorial service, while CAM and taxes are included in the rent. The property also offers access to a large parking lot with plentiful parking and convenient connections to I-88, Route 59, Downtown Naperville, restaurants, and surrounding business amenities.
Key Highlights
- 1,499 SF professional office condominium
- Existing tenant in place through Oct 2027
- Fresh interior paint completed in 2024
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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 workplace layout with private offices, conference space, reception areas, and a kitchenette.
Where is this office unit located?
The property is located at 1770 Park St Unit 202 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: 1,499 SF professional office condominium; Existing tenant in place through Oct 2027; Fresh interior paint completed in 2024
