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    508 River Rd Naperville, IL 60563

    Sponsored
    For Sale
    $2,750,000

    Prime Retail Building, Owner/User Potential

    Property size:
    7,790 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,790 square foot retail building is situated on a 0.88-acre lot at the highly visible intersection of Route 34 and River Road in Naperville, Illinois (zip code 60563). Currently housing a well-established car wash and oil change business, this property presents a unique owner-user opportunity. The building features four drive-thru bays, two drive-in doors (DIDs), and one additional door specifically for the car wash operation. The asking price is $2,750,000, translating to a price per square foot of $353.02. The property is zoned B-3, allowing for a variety of commercial uses. The 2023 property taxes totaled $18,532.82. This prime location offers excellent visibility and accessibility, making it an ideal investment for both established businesses and new ventures. The current owner is open to selling the business along with the property, providing a turnkey opportunity for a prospective buyer. This is a rare chance to acquire a well-established business and a strategically located commercial property in a thriving Illinois market. Don't miss this chance to own a piece of Naperville's bustling commercial landscape.

    Property Features for 508 River Rd

    General Information

    Property type
    Retail properties
    Square Feet
    7,790 SF
    Lot Size
    38,333 SF

    HighLights

    • Established car wash and oil change business in commercial building.
    • Business and real estate offered together.
    • Four drive‑thru bays, two detail bays, and one service door for car wash operations.
    • 2023 property taxes: $18,532.82
    Property Profile Location Intelligence

    Current Use by Public Records

    Oil Zone/Wash Zone Oil Change Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1794161
    Latitude
    41.781183

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Building, Owner/User Potential
    Where is this retail property located?
    The property is located at 508 River Rd Naperville, IL.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Established car wash and oil change business in commercial building.; Business and real estate offered together.; Four drive-thru bays, two detail bays, and one service door for car wash operations.
    Request Owner's contact information
    508 River Rd Naperville, IL 60563
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    Naperville, IL 60563
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    Realmo Value Estimation

    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.

    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.

    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
    508 River Rd Naperville, IL 60563
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