Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    43 Jefferson Ave Naperville, IL 60540

    For Sale
    $4,400,000

    Historic building, high upside potential.

    Property size:
    16,954 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property in downtown Naperville, Illinois presents a compelling value-add investment opportunity. The 16,954 square foot building, originally constructed in 1845 and renovated in 1986, boasts a rich history as the former residence of Naperville's mayor. Currently operating at 58% occupancy, it generates a net operating income (NOI) of $227,000. Significant upside potential exists through leasing the remaining 6,500+ square feet of retail and office space, projecting a pro-forma NOI exceeding $440,000 upon full occupancy. The property features flexible B4 zoning, allowing for diverse uses, and is situated in Naperville's parking district, enabling potential expansion to approximately 30,000 square feet. The 0.367-acre lot includes onsite parking, complemented by a municipal parking deck across Jefferson Avenue. The building's prime location, one block east of Washington Street, places it amidst thriving retail establishments such as Athleta, Ramsay's Kitchen, and numerous others. Its proximity to North Central College, the Naperville Community Concert Center, and Wentz Concert Hall further enhances its appeal. The asking price is $4,400,000, representing a price per square foot of $259.53 and a 5.17% cap rate. 2023 property taxes totaled $58,098. The property's APN is 08.18.313.021. This is a rare chance to acquire a landmark property with substantial growth potential in a vibrant downtown setting.

    Property Features for 43 Jefferson Ave

    General Information

    Property type
    Restaurants
    Square Feet
    16,954 SF
    Lot Size
    15,987 SF

    Building Details

    Year Built/Renovated
    1845/1986
    Stories
    2

    HighLights

    • Value‑add mixed‑use building in downtown Naperville.
    • 58% occupancy, offering significant upside potential.
    • Redevelopment or expansion opportunities available.
    • Onsite parking and adjacent public parking deck.
    • Adjacent to North Central College.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jaels Luxury Hair ... Beauty Salon Young Naperville Singers Association / Organization AMS Wellness Counselor Carolyn J. Atkinson, ... Psychologist Jefferson Hill Building Office Space Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1462939
    Latitude
    41.7731848

    Nearby Similar for Sale

    • $2,575,000

      Luxury Duplex Near Metra Train

      Custom-built duplex with luxury finishes near downtown Naperville and Metra.
      715-717 N Brainard St, Naperville, IL 60563
      View Details
    • $895,000
      2,983 SF

      Naperville Office Building For Sale

      Two-story office building near downtown Naperville with high visibility.
      849 N Ellsworth St, Naperville, IL 60563
      View Details
    • $598,000
      3,895 SF

      Naperville Office Condo For Sale

      Office condominium in high-traffic location near downtown Naperville.
      1001 E Chicago Ave, Naperville, IL 60540
      View Details
    • $875,000
      2,496 SF

      Naperville Office Building For Sale

      Well-maintained office building in Naperville with high-visibility location.
      229 W Ogden Ave, Naperville, IL 60563
      View Details
    • $725,000
      2,344 SF

      Spacious End Unit Condo

      Unique automotive enthusiast condo in a vibrant, secure community.
      2256 Ferry Rd, Naperville, IL 60563
      View Details
    • $290,000
      23,800 SF

      Naperville Office Condo For Sale

      Well-maintained 1,789 SF office condo in prime Naperville location.
      1776 Legacy Cir, Naperville, IL 60563
      View Details

    FAQs

    What type of property is this?
    Restaurant - Historic building, high upside potential.
    Where is this restaurant located?
    The property is located at 43 Jefferson Ave Naperville, IL.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: Value-add mixed-use building in downtown Naperville.; 58% occupancy, offering significant upside potential.; Redevelopment or expansion opportunities available.
    Request Owner's contact information
    43 Jefferson Ave 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.
    43 Jefferson Ave
    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 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
    43 Jefferson Ave 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.