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 Market72
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
Changed: Jul 10
Last Checked: Jul 29 at 1:56PM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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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.
