204 Washington St Naperville, IL 60540-5335

This exceptional mixed-use property, located at 204 S Washington St in Naperville, IL, presents a compelling investment opportunity. The 5,213 square foot building, constructed in 1970 and renovated in 2021, boasts a prime location in the heart of the Downtown Business District (B4 zoning). Currently operating at 100% occupancy, the property features a diverse tenant mix, including five units. The anchor tenant is Ichiddo Ramen, a popular Japanese restaurant, operating under a 10-year net lease (NN) commencing April 1, 2024, and expiring May 31, 2034, with a five-year option and 2.75% annual rent increases. The remaining four units are one-bedroom apartments generating consistent rental income. The property offers a substantial net operating income (NOI) of $205,660, resulting in an attractive 6.65% capitalization rate. The 0.073-acre lot includes a two-story building with a basement. This investment provides a stable cash flow and significant upside potential in a highly desirable suburban downtown area. The property's strong demographics, including an average household income exceeding $169,000 within a one-mile radius and a median housing value of $563,089, further enhance its appeal. The asking price is $3,092,000. APN: 07-13-431-014.