Leased Office
202-1770 Park St, Naperville, IL 60563
For Sale
$300,000
Professional office suite with an established tenant, flexible workspace, private offices, and convenient regional access.
Property Size1,499 SF
Price / SF$200.13
Days on Market55
Property Features for 202-1770 Park St
General Information
Standard status
Size
Occupancy
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Owner Occupied
Listing Agency:
RE/MAX Professionals Select
(630) 904-6400
Listed By:
Alexa Wagner · License #475124872
(630) 460-6256
Source:
Exprealty
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 8 at 7:58AM
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 RE/MAX Professionals Select
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 space was repainted in 2024 and includes a central work area, three private offices, a conference room, reception and waiting areas, kitchen, 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 leased through Oct 2027, with the tenant responsible for internet and janitorial service; CAM and taxes are included in the rent. A large parking lot provides plentiful parking for occupants and visitors. The property is positioned near I-88, Route 59, Downtown Naperville, restaurants, and surrounding business amenities.
The suite is leased through Oct 2027, with the tenant responsible for internet and janitorial service; CAM and taxes are included in the rent. A large parking lot provides plentiful parking for occupants and visitors. The property is positioned near I-88, Route 59, Downtown Naperville, restaurants, and surrounding business amenities.
Key Highlights
- 1,499 SF professional office condominium in Park Place Office Condominiums
- Existing tenant in place through Oct 2027
- Three private offices plus central workspace and conference room
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
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,575
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
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 suite with an established tenant, flexible workspace, private offices, and convenient regional access.
Where is this office unit located?
The property is located at 202-1770 Park St 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 in Park Place Office Condominiums; Existing tenant in place through Oct 2027; Three private offices plus central workspace and conference room
