2112 Fry Rd3-102 Naperville, IL 60563-4334
- Industrial properties
- 2,226 SF
- 3.41 lot acres
Aug 21, 2023
Current Use by Public Records
- Iron Gate Motor Condos / Storage Facility / Parking Lot & Garage
- The Hamilton Collection / Media Distribution
Property Details for 2112 Fry Rd3-102
- Year built
- 2022
- Lot size
- 3.41 lot acres
- Property size
- 2,226 SF
- Property type
- Industrial properties
- APN
- 07-04-206-014
- APU
- 704206014
Description
This exceptional 10,000-square-foot warehouse space, built in 2021, is located at 2112 Ferry Rd, Unit 104, Naperville, IL 60563, in DuPage County. The single-story building sits on a 1-acre lot and features three drive-in doors, providing convenient access for various business needs. The property boasts 28 parking spaces, ensuring ample parking for customers and employees. The zoning is industrial, making it suitable for a wide range of uses, including retail, showroom, storage, office space, or even a car museum. The space includes a high-quality build-out, featuring dual heavy-duty exhaust fans with automatic CO2 detection, a large mezzanine, and a car wash drain system. Two of the three garage doors are 16 feet tall. The property is part of the Plaza at Iron Gate Motor Condos, benefiting from high visibility due to its location near Amazon warehouses, Top Golf, and other entertainment venues. Annual property taxes are $24,827, and monthly HOA fees are $1320. The lease is a triple-net lease with a monthly rent of $15,000. The property's APN is 0704206016. Power is 101-200 Amps. This move-in ready space presents a unique investment opportunity with high potential for return. The property offers excellent visibility and accessibility, making it an ideal location for a variety of businesses.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $535,000
- ML approach
- $545,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $380,000
- 6.5%
- $350,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $488,000
- AI Estimate
- $371,000
Market price range: $398k - $791kMarket price range: $308k - $532k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $525,000 Current use
- RETAIL STORES
- $920,000 Change: +76% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $790,000 Change: +50% Conversion: Easy
- MEDICAL BUILDING
- $500,000 Change: -4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Naperville
- County
- Dupage
- State
- Illinois
- Longitude
- -88.2119
- Latitude
- 41.8098
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA