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    FOR SALE
    Turn key restaurants

    20 W Chicago Ave, Naperville, IL 60540

    4,784 SF 0.09 ac lot Built 1989
    Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-5205540
    Property summary
    AI-generated overview

    Exceptional opportunity to acquire a vacant restaurant building in the heart of vibrant downtown Naperville, Illinois. This 4,200 square foot, two-story retail property is situated on a 0.09-acre lot at 20 W Chicago Ave, zip code 60540, in DuPage County. The building boasts a desirable location directly on the Naperville Riverwalk, offering unparalleled visibility and access to a high volume of foot traffic. The property features a significant two-story outdoor patio overlooking the DuPage River, perfect for creating a unique and memorable dining experience. The interior includes existing black iron walk-in coolers and kitchen plumbing, significantly reducing build-out costs for a new operator. A mezzanine level provides additional seating overlooking the main floor entry. The asking price is $3,500,000. This property benefits from its proximity to numerous established restaurants and nightlife venues, national retailers (including Nike, Lush, and the Apple Store), and popular attractions such as North Central College and Wentz Concert Hall. Ample parking is available with 4,000 spaces nearby. This is a rare chance to own a restaurant space in one of the most sought-after locations in Naperville.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1989
    Total area 4,784 SF
    Lot 0.09 ac (3,920 SF)
    Zoning code B
    APN 07-13-436-009
    UPID US28-5205540
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Towne Centres Holdings Ltd · 19 yrs held
    Towne Centres Holdings Ltd
    since 2007
    5 recorded transactions
    2017
    2007
    $2.1M
    1969
    1969
    1969
    Zoning & alternative use
    B · Naperville, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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