101 Washington St Naperville, IL 60540-4511
- Office buildings
- 3,677 SF
- 0.30 lot acres
Mar 18, 2025
Current Use by Public Records
- Karen Bailey Clinical Services / Foster Care Service / Social Service Agency
- River Valley Law Firm / Law Firm
- Law Offices of David Lee / Law Firm / Child Welfare Organization
- Law Offices Of Robert G. Black PC / Law Firm
- Kuhn, Heap and Monson- Robert Heap & Andrew Heap / Law Firm
Property Details for 101 Washington St
- Year built
- 1850
- Construction
- BRICK
- Lot size
- 0.30 lot acres
- Property size
- 3,677 SF
- Zone code
- O
- Property type
- Office buildings
- APN
- 07-13-404-022
- APU
- 713404022
Description
This stunning, 3,744 square foot, two-story office building, located at 101 N Washington St, Naperville, IL 60540, presents a unique owner-user opportunity. Built in 1867, this Class D property features 10 on-site parking spaces and sits on a 13,965 square foot lot. Currently 77% occupied by four tenants under a gross lease, the building offers nine private offices, a reception area, conference room, and break room. A full unfinished basement provides additional storage. The property's Transitional Use (TU) zoning allows for diverse uses including single-family, multi-tenant, commercial services, and general services. With 133 feet of Washington Street frontage, this high-visibility location benefits from heavy traffic. The asking price is $850,000 ($227.03/sq ft). The property's prime downtown location offers easy access to a thriving community, and the surrounding area boasts a strong demographic profile with 5,250 households within a one-mile radius, averaging $155,784 in household income and a $448,756 median home value. Monthly lease options are available. This is an exceptional opportunity to acquire a historic building with significant potential in a desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $705,000
- ML approach
- $815,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $775,000
- 6.5%
- $715,000
- 7%
- $660,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $699,000
- AI Estimate
- $584,000
Market price range: $493k - $1.03MMarket price range: $455k - $953k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $795,000 Current use
- COMMERCIAL (GENERAL)
- $850,000 Change: +7% Conversion: Easy
- MEDICAL BUILDING
- $830,000 Change: +4% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Naperville
- County
- Dupage
- State
- Illinois
- Longitude
- -88.148
- Latitude
- 41.7763
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA