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    20 Chicago Ave Naperville, IL 60540

    Sponsored
    For Sale
    $3,500,000

    Prime Downtown Naperville Restaurant, Vacant, 4,200 SF

    Property size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional opportunity to acquire a vacant restaurant building in the heart of vibrant downtown Naperville, Illinois. This 4,200 square foot, two-story retail property is situated on a 0.09-acre lot at 20 W Chicago Ave, zip code 60540, in DuPage County. The building boasts a desirable location directly on the Naperville Riverwalk, offering unparalleled visibility and access to a high volume of foot traffic. The property features a significant two-story outdoor patio overlooking the DuPage River, perfect for creating a unique and memorable dining experience. The interior includes existing black iron walk-in coolers and kitchen plumbing, significantly reducing build-out costs for a new operator. A mezzanine level provides additional seating overlooking the main floor entry. The asking price is $3,500,000. This property benefits from its proximity to numerous established restaurants and nightlife venues, national retailers (including Nike, Lush, and the Apple Store), and popular attractions such as North Central College and Wentz Concert Hall. Ample parking is available with 4,000 spaces nearby. This is a rare chance to own a restaurant space in one of the most sought-after locations in Naperville.

    Property Features for 20 Chicago Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,200 SF
    Lot Size
    3,920 SF

    Building Details

    Stories
    2

    HighLights

    • 4,200 SF two‑story restaurant building on a 0.09‑acre lot at 20 W Chicago Ave, Naperville, IL 60540.
    • Prime Riverwalk location with high foot traffic and exceptional visibility.
    • Features a large two‑story outdoor patio overlooking the DuPage River.
    • Existing black iron walk‑in coolers and kitchen plumbing reduce tenant improvement costs.
    • Mezzanine level offers additional seating.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1485998
    Latitude
    41.7712209

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    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Naperville Restaurant, Vacant, 4,200 SF
    Where is this restaurant located?
    The property is located at 20 Chicago Ave Naperville, IL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 4,200 SF two-story restaurant building on a 0.09-acre lot at 20 W Chicago Ave, Naperville, IL 60540.; Prime Riverwalk location with high foot traffic and exceptional visibility.; Features a large two-story outdoor patio overlooking the DuPage River.
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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
    20 Chicago Ave Naperville, IL 60540
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