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    2764 Aurora Ave Naperville, IL 60540

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    For Sale
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    Retail and restaurant spaces in a busy Naperville retail corridor.

    Type:Retail
    Property size:
    52,101 SF
    Added:
    Jan 27, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 26 at 12:20 am

    Property Features for 2764 Aurora Ave

    General Information

    Standard status
    Active
    Size
    52,101 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2004

    Properties For Sale

    at 2764 Aurora Ave Contact us

    We can help!

    Listing Contact
    Joel Miller, CCIM
    Joel Miller, CCIM

    Listing agent Joel Miller, CCIM License #475152032

    Listing office SVN | Landmark Commercial Real Estate

    Listing date Jan 27, 2026

    Source Svn

    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 SVN | Landmark Commercial Real Estate

    Overview

    Prime Retail and Restaurant Space

    Retail and restaurant space is available in an attractive masonry retail center anchored by Michael's arts and crafts. The center benefits from strong co-tenancy, including Kiku Japanese Steakhouse, Sho Korean BBQ, Bernina, The Fun Playce, and Legacy Physical Therapy. The location offers excellent visibility from Aurora Ave, uninhibited by outlots, and excellent access with a signaled entrance. The property is situated in the heart of the Naperville retail corridor, just east of Rt 59 on Aurora Ave. It is positioned across from Block 59, a dining and entertainment destination featuring Cheesecake Factory, Piccolo Buco, Ruth's Chris Steak House, Yard House, First Watch, Shake Shack, Stans Donuts, Cava, and Lazy Dog. The property is also less than 1/2 miles from Fox Valley Mall, a 1.5 million square foot enclosed regional mall anchored by Macy’s and JCPenney and 1,000 new apartments. The location is surrounded by national retailers, including Target, Meijer, Best Buy, and Ulta Beauty. Shadow-anchored by Menards, the property benefits from significant consumer traffic. Traffic counts exceed 21,000 vehicles per day on Aurora Ave and more than 80,000 vehicles per day at the intersection of Aurora Ave & Route 59. The property is suited for retail, showroom, children's enrichment, education, medical, and service tenancy. The property size is 52101 square feet.
    Location Intelligence

    Current Use by Public Records

    Kiku Japanese Steak ... Restaurant Absolute Integrated Heath ... Physician Legacy Physical Therapy ... Medical Clinic Renown Weight Loss ... Weight Loss Service Bistro Manila of Naperville Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Mall Of India — 776 Illinois Rte 59, Naperville, IL 60540
    • Sushi Mania — 195 Fox Valley Center Dr, Aurora, IL 60504
    • Naper West Plaza — IL-59 & East New York Street, Naperville, IL 60540
    • Tapville - Drink While You Shop - Fox Valley Mall — 195 Fox Valley Center Dr, Aurora, IL 60504
    • Fox Valley Mall — 195 Fox Valley Center Dr, Aurora, IL 60504

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Will
    State
    Illinois
    Longitude
    -88.2001
    Latitude
    41.7621

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    FAQs

    What type of property is this?
    Shopping center - Retail and restaurant spaces in a busy Naperville retail corridor.
    Where is this shopping center located?
    The property is located at 2764 Aurora Ave Naperville, IL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime location in the heart of Naperville's retail corridor, near Route 59 and Aurora Ave.; Anchored by Michael's and shadow‑anchored by Menards, driving significant consumer traffic.; **Excellent visibility on Aurora Ave with high traffic counts (21,000+ VPD).**
    (630) 938-4950
    We can help!
    Listing Contact
    Joel Miller, CCIM
    Joel Miller, CCIM
    Real Estate License ID: 475152032
    Learn More
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    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
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