Mixed-Use Building with
For Sale
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204 S Washington St, Naperville, IL 60540
Two-story property combines an established restaurant tenancy with four residential apartments in downtown Naperville.
Property Size5,213 SF
Days on Market143
Property Features for 204 S Washington St
General Information
Standard status
Active
Size
5,213 SF
Property subtype
Mixed Use, Retail
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Chicago, Illinois
(312) 470-2317
Listed By:
Michael Marks · License #IL 475144053
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 9:10AM
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 Cushman & Wakefield - Chicago, Illinois
Investment Insights
Based on property information with market context.
204 S Washington Street is a 5,213-square-foot, two-story mixed-use property combining retail space with four one-bedroom, one-bath apartments. The commercial component is occupied by Ichiddo Ramen, a Japanese noodle restaurant operating under a long-term lease.
The restaurant lease is structured as 10-year NN with one 5-year option, 2.75% annual rent escalations, and a full guaranty through the first five years followed by a rolling one-year guaranty. The residential portion includes four apartments, each configured with one bedroom and one bathroom. The property is located in downtown Naperville, providing a single asset with both commercial and residential components.
The restaurant lease is structured as 10-year NN with one 5-year option, 2.75% annual rent escalations, and a full guaranty through the first five years followed by a rolling one-year guaranty. The residential portion includes four apartments, each configured with one bedroom and one bathroom. The property is located in downtown Naperville, providing a single asset with both commercial and residential components.
Key Highlights
- 5,213 SF, two‑story mixed‑use retail and residential building
- Ichiddo Ramen occupies the restaurant space
- 10‑yr NN lease with one, 5‑year option
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,830
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 Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story property combines an established restaurant tenancy with four residential apartments in downtown Naperville.
Where is this mixed-use property located?
The property is located at 204 S Washington St Naperville, IL.
What are key features of this property?
This property features: 5,213 SF, two‑story mixed‑use retail and residential building; Ichiddo Ramen occupies the restaurant space; 10‑yr NN lease with one, 5‑year option
