Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1355 Illinois Rte Naperville, IL 60564
    Property profile & analytics

    1355 Illinois Rte, Naperville, IL 60564

    View on Map
    • Retail properties & Spaces
    • 18,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1355 Illinois Rte

    Year built
    1992
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 18,000 square foot, single-story office building in Naperville, Illinois, presents a compelling investment opportunity. Located at 1355 Illinois Route 59, zip code 60564, this property boasts excellent Route 59 frontage, ensuring high visibility and impressive daily traffic counts. Built in 1992, the building sits on a one-acre lot and features a mix of traditional office and retail spaces, currently operating under multiple tenancies. One available space of 2,521 square feet is ready for immediate occupancy. The property benefits from its location, served by the Pace Bus Route 559, and is professionally managed. The building offers the opportunity for prominent building signage. The property taxes are $2.29 per square foot. This mixed-use center provides a desirable location with a nice mix of retail and professional tenants, creating a vibrant and active environment. The building's single-story design offers convenient access and functionality. This is an ideal location for businesses seeking high visibility and convenient access in a thriving Naperville community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Dupage
    State
    Illinois
    Longitude
    -88.2068
    Latitude
    41.731

    Comparable in this City

    • Value Estimation by Request
      6,092 SF

      2575 Plainfield-Naperville Rd

      Office Spaces
      2575 Plainfield-Naperville Rd, Naperville, IL 60564
      View Details
    • Value Estimation by Request
      16,207 SF

      4015 Plainfield-Naperville Rd

      Office Spaces
      4015 Plainfield-Naperville Rd, Naperville, IL 60564
      View Details
    • Value Estimation by Request
      3,689 SF

      4003 Plainfield-Naperville Rd

      Lifestyle centers
      4003 Plainfield-Naperville Rd, Naperville, IL 60564
      View Details
    • Value Estimation by Request
      60,427 SF

      3116 Illinois Rte

      Lifestyle centers
      3116 Illinois Rte, Naperville, IL 60564
      View Details
    • Value Estimation by Request
      151,203 SF

      2656-2940 Showplace Dr

      Restaurants
      2656-2940 Showplace Dr, Naperville, IL 60564
      View Details
    • Value Estimation
      $1,340,000
      12,806 SF

      1355 Rte 59

      OFFICE (GENERAL)
      1355 Rte 59, Naperville, IL 60564-9538
      View Details

    Similar Nearby for Sale

    • $839,000
      3,418 SF

      Naperville Office Building - Great Income!

      Prime office space, high visibility, ample parking.
      2712 Forgue Dr, Naperville, IL 60564
      View Details
    • $619,000
      2.83 Acres

      Professional Executive Office Space Available

      Remodeled office space in Naperville's growing business corridor.
      2272 95Th St, Naperville, IL 60564
      View Details
    • Contact for pricing

      Naperville Executive Office Space For Sale

      Professional office space in prime Naperville location, move-in ready.
      2272 95Th St, Naperville, IL 60564
      View Details
    • Contact for pricing

      Retail Space with Long-Term Tenant

      Retail space with a highly regarded, long-term tenant.
      1552 Route 59 S, Naperville, IL 60564
      View Details
    • $619,000

      Commercial Land on 95th Street

      Commercial land available on 95th Street in Naperville, Illinois.
      2272 95Th St, Naperville, IL 60564
      View Details
    • $900,000
      1.37 Acres

      Naperville Industrial Land For Sale

      1.37 acre industrial land available in Naperville, Illinois.
      10S154 Schoger Dr, Naperville, IL 60564
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,222 SF

      Versatile Retail, Fitness, or Office

      Adaptable space suitable for retail, fitness, or medical/office tenants.
      10334 Route 59 S, Naperville, IL 60564
      View Details
    • Contact for pricing

      Premier Office Space in Naperville

      Upscale office and retail spaces in south Naperville.
      4015 Plainfield-Naperville Rd, Naperville, IL 60564
      View Details
    • Contact for pricing

      Naperville Executive Office Suites Available

      Executive office suites for lease in central Naperville location.
      2272 95Th St, Naperville, IL 60564
      View Details
    • Contact for pricing

      Modern Flexible Offices in Naperville

      Newly renovated office spaces with modern design and flexible options.
      4055 Naperville Rd, Naperville, IL 60564
      View Details
    • Sponsored
      Contact for pricing

      IL, Naperville - Route 59

      Flexible workspace in IL, Naperville - Route 59
      4055 Route 59, Naperville, IL 60564
      View Details
    • Contact for pricing
      1,561 SF

      Upscale Naperville Office Space

      Premier office space in South Naperville with easy access.
      4015 Plainfield Naperville Rd, Naperville, IL 60564
      View Details
    Request Owner's contact information
    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.
    1355 Illinois Rte
    Naperville, IL 60564
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1355 Illinois Rte, Naperville, IL, 60564
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!