Luxury Motor Condo in
For Sale
Contact for pricing
2240 West Ferry Road, Naperville, IL 60563
Three-story, 2,300 sq ft unit with deck and balcony.
Property Size7,030 SF
Price / SF$170.70
Days on Market151
Property Features for 2240 West Ferry Road
General Information
Standard status
Active
Size
7,030 SF
Class
B
Property subtype
Industrial
Zoning
B-2
Investment Type
Owner/User
Building Details
Year Built
2017
Buildings
1
Stories
3
Tenancy
Single
Listing Agency:
eXp Realty, LLC
Listed By:
Lee Ernst · License #NRDS 377512759
(630) 514-4306
Source:
Crexi
Added: May 20
Changed: Oct 13
Last Checked: Oct 16 at 7:04AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,118
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,662,360
$1.7M
Cap Rate 7%
$1,187,400
$1.2M
Cap Rate 9%
$923,533
$923.5K
Market Conditions
NOI Build-Up for 7,030 SF
Gross rent
$146.8K $20.88/SF
− Vacancy
−$36.0K −$5.12/SF
EGI
$110.8K $15.76/SF
− OpEx
−$27.7K −$3.94/SF
NOI
$83.1K $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%
$1,662,360
Cap Rate 7%
$1,187,400
Cap Rate 9%
$923,533
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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.
