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    Property profile & analytics

    204 Washington St Naperville, IL 60540-5335

    • Investment properties
    • 5,143 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $435,000
    Location Intelligence
    Property ID
    US28-1051018
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ichiddo ramen / Japanese Restaurant
    • La Borra Cafe Naperville / Coffee Shop

    Property Details for 204 Washington St

    Construction
    BRICK
    Lot size
    0.07 lot acres
    Property size
    5,143 SF
    Zone code
    B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    07-13-431-014
    APU
    713431014

    Description

    This exceptional mixed-use property, located at 204 S Washington St in Naperville, IL, presents a compelling investment opportunity. The 5,213 square foot building, constructed in 1970 and renovated in 2021, boasts a prime location in the heart of the Downtown Business District (B4 zoning). Currently operating at 100% occupancy, the property features a diverse tenant mix, including five units. The anchor tenant is Ichiddo Ramen, a popular Japanese restaurant, operating under a 10-year net lease (NN) commencing April 1, 2024, and expiring May 31, 2034, with a five-year option and 2.75% annual rent increases. The remaining four units are one-bedroom apartments generating consistent rental income. The property offers a substantial net operating income (NOI) of $205,660, resulting in an attractive 6.65% capitalization rate. The 0.073-acre lot includes a two-story building with a basement. This investment provides a stable cash flow and significant upside potential in a highly desirable suburban downtown area. The property's strong demographics, including an average household income exceeding $169,000 within a one-mile radius and a median housing value of $563,089, further enhance its appeal. The asking price is $3,092,000. APN: 07-13-431-014.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $485,000
      6.5%
      $560,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $610,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $540,000
      Retail
      $525,000
      Mixed-Use
      $450,000
      Hospitality
      $450,000
      Educational
      $505,000
      Residential Income
      $420,000
      Energy
      $545,000
      Income-Based Land
      $415,000
      Food Service
      $480,000

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1475
    Latitude
    41.7728
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,602
    $76,220
    $381,200
    $457,420
    -
    $228,660
    $1,143,600
    $1,372,260

    Comparable in this City

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      232 Washington St

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      15 Jefferson Ave

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      View Details
    • Value Estimation
      $415,000
      3,567 SF

      10 Jefferson Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,567 SF
      10 Jefferson Ave, Naperville, IL 60540-5346
      View Details

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    204 Washington St
    Naperville, IL 60540-5335
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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
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