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    540 Weston Ridge Dr Naperville, IL 60563

    Sponsored
    For Lease
    $105,480

    Prime 2-Acre Parking Lot for Lease

    Lot size:
    66,211 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2-acre commercial land parcel offers a recently improved parking lot ideal for various uses. Previously utilized for Metra overflow parking, it boasts 167 spaces available for lease at a competitive rate of $80-100 per space monthly. The property enjoys a highly desirable location just 200 yards from the Naperville Route 59 Metra station, providing convenient access for commuters. Its strategic proximity to the I-88 expressway and the bustling Route 59 commercial corridor ensures high visibility and accessibility. Currently zoned B3, the property permits car and van parking, with potential for truck or storage use subject to Naperville city approval. To enhance security, the installation of security cameras and fencing is available as an option for tenants with acceptable lease terms. Flexible lease terms and partial space rentals are also available, making this a versatile and attractive investment opportunity. The property's location and amenities make it an excellent choice for businesses seeking convenient and well-situated parking solutions for employees or customers. This is a rare opportunity to acquire a well-maintained, strategically located parking lot in a thriving commercial area.

    Property Features for 540 Weston Ridge Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    66,211 SF
    Total Rate
    105480

    Unit(s) available at that property

    Space
    Size
    66,211 SF
    Rate per SF
    $105,480

    HighLights

    • 2‑acre commercial land parcel for lease.
    • Single‑tenant occupancy.
    • 167 parking spaces available, $80‑100/space/month.
    • Located 200 yards from Naperville Route 59 Metra station, near I‑88 and Route 59.
    • B3 zoning (car & van parking); truck/storage use possible with city approval.
    • Security cameras and fencing can be installed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.21317449
    Latitude
    41.78054636

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    FAQs

    What type of property is this?
    Land - Prime 2-Acre Parking Lot for Lease
    Where is this land located?
    The property is located at 540 Weston Ridge Dr Naperville, IL.
    What is the lease rate?
    The lease rate is $105,480.
    What are key features of this property?
    This property features: 2-acre commercial land parcel for lease.; Single-tenant occupancy.; 167 parking spaces available, $80-100/space/month.
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    540 Weston Ridge Dr 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
    540 Weston Ridge Dr Naperville, IL 60563
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