Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1528 Aurora Ave Naperville, IL 60540
    Property profile & analytics

    1528 Aurora Ave, Naperville, IL 60540

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

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1528 Aurora Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 15,000-square-foot medical office space is located at 1528 Aurora Avenue in Naperville, Illinois, zip code 60540, at the cross streets of Aurora Avenue and Ogden. The property is situated in a prime location, offering excellent visibility and accessibility. The building is currently configured as a single-tenant space, but is divisible to accommodate various needs. This presents a unique opportunity for medical practices seeking a prominent presence in a thriving Naperville market. The property's classification includes retail, office, and restaurant uses, reflecting its versatility and potential for diverse tenant profiles. The building enjoys the benefit of being in close proximity to established businesses such as Advocate and Starbucks, ensuring high foot traffic and brand recognition. This location offers easy access to major transportation routes, making it convenient for both patients and staff. The property's size and flexibility make it ideal for a variety of medical practices, from individual physicians to larger multi-specialty groups. The address is 1528 Aurora Avenue, Naperville, IL 60540. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional property offers.

    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
    -88.1851
    Latitude
    41.765

    Comparable in this City

    • Value Estimation by Request
      181,759 SF

      55 Main St

      Restaurants
      55 Main St, Naperville, IL 60540
      View Details
    • Value Estimation by Request
      10,325 SF

      19-27 Jefferson Ave

      Restaurants
      19-27 Jefferson Ave, Naperville, IL 60540
      View Details
    • Value Estimation by Request

      640 Washington St

      Office Units
      640 Washington St, Naperville, IL 60540
      View Details
    • Value Estimation by Request
      2,815 SF

      Confidential Naperville

      Restaurants
      0 Confidential Naperville, Naperville, IL 60540
      View Details
    • Value Estimation by Request
      677 SF

      1923 Glacier Park Ave

      Restaurants
      1923 Glacier Park Ave, Naperville, IL 60540
      View Details
    • Value Estimation by Request
      3,200 SF

      1967 Glacier Park Ave

      Restaurants
      1967 Glacier Park Ave, Naperville, IL 60540
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,200 SF

      Naperville Restaurant/Retail Opportunity For Sale

      Two-story restaurant/retail space with outdoor patio in downtown Naperville.
      20 W Chicago Ave, Naperville, IL 60540
      View Details
    • $10,850,000
      9,776 SF

      3 building investment portfolio

      Multifamily properties
      0 Woodridge, Naperville, IL 60540
      View Details
    • Contact for pricing

      Prime Retail and Restaurant Space

      Retail and restaurant spaces in a busy Naperville retail corridor.
      2764 Aurora Ave, Naperville, IL 60540
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Destination in Downtown Naperville

      Mixed-use property with shopping, office, and dining in downtown Naperville.
      55 S Main St, Naperville, IL 60540
      View Details
    • $9 SF/Yr
      13,680 SF

      Naperville Office Building for Sale

      Prime Naperville Office Space, Multiple Suites Available
      1288 Rickert Dr, Naperville, IL 60540
      View Details
    • Contact for pricing

      Retail Space in Downtown Naperville

      Retail opportunity in a premier shopping and dining destination.
      Sec Washington St & Chicago Ave, Naperville, IL 60540
      View Details
    • Contact for pricing
      4,010 SF

      Prime Retail Space in Naperville

      4,010 SF retail space in downtown Naperville for lease.
      221 S Washington St, Naperville, IL 60540
      View Details
    • Contact for pricing
      103,237 SF

      Naperville Medical/Retail Space Available

      Medical and retail spaces for lease in Naperville, Illinois.
      1247 Rickert Dr, Naperville, IL 60540
      View Details
    • Contact for pricing
      4,477 SF

      Naperville Retail/Medical Office Space

      Retail/Medical office space near Edwards Hospital in Naperville, Illinois.
      1400 Aurora Ave, Naperville, IL 60540
      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.
    1528 Aurora Ave
    Naperville, IL 60540
    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
    1528 Aurora Ave, Naperville, IL, 60540
    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!