1363 Ridgeland Ave Naperville, IL 60563
- Commercial real estate
- 2.68 lot acres
Current Use by Public Records
- Office Depot Tech Services / Business Center / Business To Business Service
- FedEx ShipSite / Mailing Service
- Eva's Esthetica Day Spa / Day Spa
- Coinhub Bitcoin ATM Teller / Atm
- Crypto Dispensers | CDReload / Atm / Kiosk
Property Details for 1363 Ridgeland Ave
- Lot size
- 2.68 lot acres
- Zone code
- C
- Property type
- Commercial real estate
- APN
- 08-05-408-029
- APU
- 805408029
Description
This exceptional Class A retail property, located at 1363 Ridgeland Avenue in the North Naperville Retail submarket of DuPage County, Illinois, offers a substantial 25,000 square feet of single-tenant space. Built in 1994, this big box retail building presents a unique opportunity for businesses seeking a prominent location in a thriving area. The property is situated within the highly desirable Naperville market, known for its strong demographics and robust economy. Available for occupancy as early as the third quarter of 2024, this space provides immediate access to a significant consumer base. Beyond the existing building, there's potential for significant expansion. The property sits on a 4.5-acre site, which includes a bank outlot. This presents a compelling opportunity for redevelopment, allowing for a customized approach to meet specific business needs and potentially increase the overall footprint. The zip code is 60563. This property is categorized as both Retail and Special Purpose. Serious inquiries are encouraged to explore the possibilities of this prime Naperville location. The property's size and location make it ideal for a variety of retail uses. The potential for redevelopment adds significant value and flexibility for long-term growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $365,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $400,000
- Mixed-Use
- $310,000
- Hospitality
- $405,000
- Educational
- $400,000
- Residential Income
- $290,000
- Energy
- $315,000
- Income-Based Land
- $295,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Naperville
- County
- Dupage
- State
- Illinois
- Longitude
- -88.1174
- Latitude
- 41.8
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA