Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1550 Illinois Rte Naperville, IL 60563

    • Retail properties
    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 1550 Illinois Rte

    Property type
    Retail properties

    Description

    This exceptional retail property, located at 1550 Illinois Route 59 in Naperville, Illinois, 60563, offers a fantastic opportunity for businesses seeking high-visibility space. The property features a total of 7,600 square feet of immediately available vacant space, divisible into units ranging from a minimum of 1,250 square feet to a maximum contiguous space of 5,000 square feet. Three separate spaces are currently available, providing flexibility for various retail concepts. The property's strategic location on Route 59 ensures high traffic volume and excellent exposure to a large customer base in the thriving Naperville market. This prime retail space is ideal for businesses seeking a prominent location with ample space to accommodate their operations. The property's convenient access and visibility make it an attractive option for a wide range of retail uses. With its versatile layout and desirable location, this property presents a unique opportunity to establish or expand a successful retail business in a dynamic and growing community. Interested parties are encouraged to inquire about lease terms and availability for these exceptional retail spaces. The property is situated at latitude 41.7952358 and longitude -88.2043431.

    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
    -88.2043
    Latitude
    41.7952

    Comparable in this City

    • Value Estimation by Request
      14,000 SF

      623-633 Ogden Ave

      Office Properties & Spaces • 14,000 SF
      623-633 Ogden Ave, Naperville, IL 60563
      View Details
    • Value Estimation by Request
      10,011 SF

      31st Diehl Rd

      NURSERY, GREENHOUSE, FLORIST • 10,011 SF
      31st Diehl Rd, Naperville, IL 60563-9628
      View Details
    • Value Estimation by Request
      270,327 SF

      1199 Ogden Ave

      Lifestyle centers • 270,327 SF
      1199 Ogden Ave, Naperville, IL 60563
      View Details
    • Value Estimation by Request
      7,790 SF

      508 River Rd

      Retail properties • 7,790 SF
      508 River Rd, Naperville, IL 60563
      View Details
    • Value Estimation
      $520,000
      5,880 SF

      31st Diehl Rd

      NURSERY, GREENHOUSE, FLORIST • 5,880 SF
      31st Diehl Rd, Naperville, IL 60563-9630
      View Details
    • Value Estimation by Request
      19,096 SF

      5-21 Rte

      Individual retail properties • 19,096 SF
      5-21 Rte, Naperville, IL 60563
      View Details

    Similar Nearby for Sale

    • $14,250,000
      2.74 Acres

      Naperville Entertainment Complex

      High-traffic, NNN leased entertainment venue.
      3103 Odyssey Ct, Naperville, IL 60563
      View Details
    • $2,750,000
      7,790 SF

      Naperville Retail Investment Opportunity

      Prime Retail Building, Owner/User Potential
      508 River Rd, Naperville, IL 60563
      View Details
    • $375,000
      0.62 Acres

      Naperville Commercial Land Opportunity

      Commercial land in Naperville, IL, with diverse permitted uses.
      1111 Sherman Ave, Naperville, IL 60563
      View Details
    • Contact for pricing
      6,830 SF

      Naperville Retail Strip Center ForSale

      6,830 SF multi-tenant retail strip center in Naperville, IL.
      900-914 E Ogden Ave, Naperville, IL 60563
      View Details
    • Contact for pricing
      20 SF

      High-Performing Shopping Center Opportunity

      Neighborhood shopping center in Naperville, Illinois with credit tenants.
      1975 Mc Dowell Rd, Naperville, IL 60563
      View Details
    • $2,650,000
      10 SF

      Ogden Avenue Commercial Building For Sale

      Commercial building with frontage on Ogden Ave in Naperville.
      1340 W Ogden Ave Naperville, Naperville, IL 60563
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      5,700 SF

      Naperville Office Suites Available

      Seven modern office spaces for lease.
      1620 Pebblewood Ln, Naperville, IL 60563
      View Details
    • $19 SF/Yr
      10,860 SF

      Naperville Office/Retail Space For Lease

      High-visibility Ogden Ave. space, 2500-3674 SF.
      1120 Ogden Ave, Naperville, IL 60563
      View Details
    • Contact for pricing
      94,538 SF

      Naperville Retail Center Investment

      Prime Naperville retail space available.
      0 Nec Naper Blvd & Ogden Ave, Naperville, IL 60563
      View Details
    • Contact for pricing
      3,910 SF

      Naperville Retail Space For Rent

      Retail space available in a renovated Naperville shopping center.
      1512 N Naper Blvd, Naperville, IL 60563
      View Details
    • Contact for pricing

      Prime Retail Location on Route 59

      Retail space and outlot available in high-traffic Naperville location.
      N Aurora Rd, Naperville, IL 60563
      View Details
    • $25 SF/Yr
      7,800 SF

      Naperville Retail, Medical, Office Space

      Prime location on Ogden Avenue, ideal for retail or office.
      1001 E Ogden Ave, Naperville, IL 60563
      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.
    1550 Illinois Rte
    Naperville, IL 60563
    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

    Google sign-in failed. Please try again or use another login method.