507 Washington StNaperville, IL 60540

Property Details for 507 Washington St

Year built

1977

Construction

BRICK

Lot size

0.48 AC

Property size (Sq ft)

1,200 SF

Zone code

O

Property type

Retail properties

Property subtype

Banks

APN

07-24-204-021

APU

724204021

Description

This exceptional retail opportunity is located in the heart of downtown Naperville, Illinois, at 507 S. Washington Street, zip code 60540, in DuPage County. The property boasts a total of 4,500 square feet, with 4,850 square feet currently vacant and available for lease. Multiple spaces are available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 2,100 square feet. The building enjoys a highly visible location on two main thoroughfares, Washington Street and Aurora Avenue, ensuring excellent exposure to high traffic counts. This prime location places the property amongst a vibrant mix of national and local retailers, including well-known brands such as Apple, Lou Malnati's Pizzeria, Starbucks, and many others. The surrounding area offers numerous amenities, including proximity to North Central College and Wentz Concert Hall, which draw significant foot traffic and visitors annually. The property's strategic location within downtown Naperville, nestled amongst parks and entertainment venues, provides an unparalleled opportunity for businesses seeking high visibility and a thriving customer base. This is an exceptional chance to establish a presence in one of the most desirable retail locations in the area.

• CAP approach

  CAP return

  Valuation

  6%

  $318,511

  6.5%

  $294,010

  7%

  $273,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $307,006

  Geo Method

  $393,876

• Alternative Use

  Use

  Valuation

  Residential

  $248,009

  Hospitality

  $227,175

  Educational

  $189,007

  Medical

  $195,507

  Retail

  $294,010

Location Insight

City

Naperville

County

Dupage

State

Illinois

Latitude

41.7696

Longitude

-88.1488

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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