Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2603-2781 Route 59 S Naperville, IL 60540

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime retail location with diverse national tenants and recent renovations.

    Property size:
    2,000 SF
    Lot size:
    30.79 Acres

    Property Features for 2603-2781 Route 59 S

    General Information

    Size
    2,000 SF
    Lot size
    30.79 Acres

    We can help!

    Listing Contact
    Mike Kurkowski
    Mike Kurkowski
    Source: Moodyscre

    Listing Agency: Brixmor Property Group | Philadelphia Listing Agent: Mike Kurkowski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in Fox Valley

    This retail space is located in the Fox Valley regional retail market, which encompasses 6,000,000 square feet of space. The surrounding area has a dense population of over 249,000 residents, with an average household income exceeding $134,000 within a 5-mile radius. Recent renovations have modernized the facades, repaved the parking lots and sidewalks, and added new monument signage. The property features a mix of national tenants, including Five Below, Ulta, Painted Tree Marketplace, Cost Plus World Market, and La-Z-Boy. The location draws an estimated 10,800 visits per day and 4,000,000 annual visits, according to Creditntell. The property offers 6,284 square feet of space and is suitable for retail purposes.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Naperville Route 59 95 Plaza, Coinstar, Wheatland Marketplace

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Will
    State
    Illinois
    Longitude
    -88.205712
    Latitude
    41.706663

    Nearby Similar for Lease

    • New
      Contact for pricing

      Naperville Commercial Suites Available

      Industrial or retail suites available in Naperville, Illinois.
      24125 111Th St, Naperville, IL 60564
      View Details
    • New
      Contact for pricing

      Naperville Commercial Sublease Opportunity

      High-image Class A space with updated office and warehouse.
      2012 Corporate Ln, Naperville, IL 60563
      View Details
    • Contact for pricing

      Naperville Office Suites For Rent

      Updated office suites in high-traffic location near Naperville Metra.
      610 N Washington St, Naperville, IL 60563
      View Details
    • Contact for pricing

      Updated Office Space Near Metra

      Updated office suites in high-traffic location near Naperville Metra Station.
      610 N Washington St, Naperville, IL 60563
      View Details
    • Contact for pricing

      Office Condo in Naperville, IL

      Premier office condo near downtown Naperville with ample parking.
      1001 E Chicago Ave, Naperville, IL 60540
      View Details
    • Contact for pricing

      Naperville Executive Office Suites Available

      Executive office suites for lease in central Naperville location.
      2272 95Th St, Naperville, IL 60564
      View Details
    • Contact for pricing
      13,504 SF

      Updated Office Space Near Downtown

      Recently updated office space with flexible options near downtown.
      849 N Ellsworth St, Naperville, IL 60563
      View Details
    • Contact for pricing

      Naperville Office Space For Rent

      Updated office suites in high-traffic location near Naperville Metra Station.
      610 N Washington St, Naperville, IL 60563
      View Details
    • Contact for pricing
      5,663 SF

      Renovated Office Space Near Downtown

      Recently renovated office space with private offices and conference room.
      643 S Washington St, Naperville, IL 60540
      View Details
    • Contact for pricing
      103,237 SF

      Naperville Medical/Retail Space Available

      Medical and retail spaces for lease in Naperville, Illinois.
      1247 Rickert Dr, Naperville, IL 60540
      View Details
    • Contact for pricing
      103,237 SF

      Naperville Medical Building Rental Opportunity

      Premier medical building with multiple rental opportunities in Naperville.
      1247 Rickert Dr, Naperville, IL 60540
      View Details
    • Contact for pricing
      103,237 SF

      Naperville Medical Building Rental Opportunity

      Medical facility rental opportunity in premier Naperville location.
      1247 Rickert Dr, Naperville, IL 60540
      View Details

    FAQs

    What type of property is this?
    Shopping center - Prime retail location with diverse national tenants and recent renovations.
    Where is this shopping center located?
    The property is located at 2603-2781 Route 59 S Naperville, IL.
    What are key features of this property?
    This property features: - Prime location in Fox Valley regional retail market with 6MM SF of space.; - Dense surrounding population of 249,000+ with an average household income of $134,000+ within a 5-mile radius.; - Diverse mix of national tenants including Five Below, Ulta, Painted Tree Marketplace, Cost Plus World Market, and La-Z-Boy.
    (610) 834-7799 Call to check price and availability
    Request Owner's contact information
    2603-2781 Route 59 S Naperville, IL 60540
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2603-2781 Route 59 S
    Naperville, IL 60540
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2603-2781 Route 59 S Naperville, IL 60540
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Kurkowski
    Mike Kurkowski
    (610) 834-7799 (610) 834-7431
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!