Renovated Multi-Tenant Office
For Sale
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400 E Diehl Rd, Naperville, IL 60563
Five-story office property with updated common areas, flexible suites, parking, and a tenant lounge near Interstate 88.
Property Size57,967 SF
Price / SF$151.19
Days on Market188
Property Features for 400 E Diehl Rd
General Information
Standard status
Active
Size
57,967 SF
Class
B
Total Parking Spaces
200
Property subtype
Office
Occupancy
92%
Lease Type
Net
Investment Type
Value Add
Net Operating Income
$788,754
Additional Details
Highway Access
Yes
Amenities
two-story atrium lobby
tenant lounge
on-site storage
conference facilities
Building Details
Year Built
1986
Year Renovated
2019
Buildings
1
Stories
5
Tenancy
Multi
Building Size
57,967 SF
Parking Ratio
3.56 per 1,000 SF
Listing Agency:
Marcus & Millichap
Listed By:
Alex Perez · License #MO 2005038930
(314) 889-2500
Source:
Crexi
Added: Apr 15
Changed: Oct 15
Last Checked: Oct 16 at 7:47AM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
This five-story office building contains 57,967 SF and 21 occupied suites serving professional-services users. Common areas, the lobby, and conference facilities were renovated in 2019. The building includes plug-and-play suites, private offices, collaboration areas, kitchens, balconies, on-site storage, a two-story atrium lobby, and a tenant lounge with free Wi-Fi. Surface-level and covered parking provide 3.56 spaces per 1,000 SF.
At 400 E Diehl Rd in Naperville, the property is positioned at the southeast corner of East Diehl Road and North Washington Street, approximately one mile from Interstate 88 and 30 miles west of downtown Chicago. Costco, Target, dining, fitness, and service amenities surround the office corridor.
The building is 92% leased, with 4,660 SF available for lease-up. No tenant accounts for more than 12.9% of the building, while approximately 60% of GLA is secured by leases signed in 2023 or later. The stated pro forma cap rate is 10.50%, with a 14.7% cash-on-cash return.
At 400 E Diehl Rd in Naperville, the property is positioned at the southeast corner of East Diehl Road and North Washington Street, approximately one mile from Interstate 88 and 30 miles west of downtown Chicago. Costco, Target, dining, fitness, and service amenities surround the office corridor.
The building is 92% leased, with 4,660 SF available for lease-up. No tenant accounts for more than 12.9% of the building, while approximately 60% of GLA is secured by leases signed in 2023 or later. The stated pro forma cap rate is 10.50%, with a 14.7% cash-on-cash return.
Key Highlights
- 57,967 SF, five‑story office building with 21 occupied suites
- 92% leased with 4,660 SF available for lease‑up
- 2019 renovations to common areas, lobby, and conference facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$685,361
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,707,220
$13.7M
Cap Rate 7%
$9,790,871
$9.8M
Cap Rate 9%
$7,615,122
$7.6M
Market Conditions
NOI Build-Up for 57,967 SF
Gross rent
$1.21M $20.88/SF
− Vacancy
−$296.5K −$5.12/SF
EGI
$913.8K $15.76/SF
− OpEx
−$228.5K −$3.94/SF
NOI
$685.4K $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%
$13,707,220
Cap Rate 7%
$9,790,871
Cap Rate 9%
$7,615,122
Alternative Uses
Best Use
Office B
$9.79M
$8.57M – $11.42M
NOI $685,361 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.08M
$11.45M – $15.27M
NOI $915,916 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
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
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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?
Office building - Five-story office property with updated common areas, flexible suites, parking, and a tenant lounge near Interstate 88.
Where is this office building located?
The property is located at 400 E Diehl Rd Naperville, IL.
What is the asking price?
The asking price for this property is $8,763,934.
What are key features of this property?
This property features: 57,967 SF, five‑story office building with 21 occupied suites; 92% leased with 4,660 SF available for lease‑up; 2019 renovations to common areas, lobby, and conference facilities
