Luxury Motor Condo in
2240 West Ferry Road Naperville, IL 60563
2240 West Ferry Road, Naperville, IL, 60563
Contact for pricing
For Sale
Contact for pricing
Three-story, 2,300 sq ft unit with deck and balcony.
Property Size7,030 SF
Price / SF$170.70
Days on Market59
Property Features for 2240 West Ferry Road
General Information
- Standard status
- Active
- Size
- 7,030 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2017
Listing Agency
eXp Realty, LLC
Listed by
Lee Ernst · License #NRDS 377512759
Source
Crexi
Added: May 20 Checked: Jul 16 at 4:21 am
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This three-story unit offers 2,300 sq ft of space, including a deck and a balcony overlooking a preserve. The main level features a full-width deck and an expansive garage space with a built-in bar and bathroom, suitable for entertaining, showcasing vehicles, or hosting private events. The second floor includes a full upscale kitchen with high-end cabinetry and counters, a spacious hangout area, massive wine coolers, and access to a private balcony with views of the preserve. The third floor provides a large flexible space suitable for an office or executive suite, ideal for work, creative projects, or a private retreat. The unit includes two full baths and one half bath, all finished with luxury materials. A convenient dumbwaiter connects all levels. This luxury garage is located within a gated automotive community in Naperville.
Key Highlights
- Rare three‑story motor condo with 2,300 sq ft, deck, and balcony overlooking a serene preserve.
- Expansive garage space with built‑in bar and bathroom, ideal for entertaining or showcasing vehicles.
- Upscale kitchen with high‑end cabinetry and counters, massive wine coolers, and access to a private balcony.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.8k | $20.88 |
| − Vacancy | −$36.0k | −$5.12 |
| EGI | $110.8k | $15.76 |
| − OpEx | −$27.7k | −$3.94 |
| NOI | $83.1k | $11.82 |
7,030 SF · lease $20.88/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,118 @ 7.0% cap · market cap 6.93%
Second Best
Industrial
$1.03M
$897.2K – $1.20M
NOI $71,778 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,078 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar For Sale Nearby
Similar Off Market Nearby
- Excel Railcar Corporation — 28367 Davis Pkwy STE 300, Warrenville, IL 60555
- Hertz Car Rental - Warrenville - Cantera Ii Bp HLE — 28301 Ferry Rd, Warrenville, IL 60555
FAQs
What type of property is this?
Parking lot & garage - Three-story, 2,300 sq ft unit with deck and balcony.
Where is this parking lot & garage located?
The property is located at 2240 West Ferry Road Naperville, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Rare three‑story motor condo with 2,300 sq ft, deck, and balcony overlooking a serene preserve.; Expansive garage space with built‑in bar and bathroom, ideal for entertaining or showcasing vehicles.; Upscale kitchen with high‑end cabinetry and counters, massive wine coolers, and access to a private balcony.
