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Property profile & analytics
FOR SALE
Office buildings

237 W Jefferson Ave Naperville, IL 60540

2,575 SF 0.23 ac lot Built 1916
Individually Owned 13-yr Hold ~ Est. High Equity
Property ID
US28-4353500
Property summary
AI-generated overview

This exceptional 3,252 square foot executive office building is ideally situated in the heart of downtown Naperville, directly across from the Naperville Public Library. Boasting a prominent corner location with 82 feet of frontage on Jefferson Avenue and 121 feet on Eagle Street, this property offers unparalleled visibility and accessibility. The building features a thoughtfully designed layout, including a first floor with a vestibule/lobby/reception/waiting area, an open salon space with six stations, a shampoo room, a spa room, a break room, and a restroom. The second floor comprises 1,260 square feet with private rooms perfect for manicure-pedicure services, a barbershop, a nursery, spray tanning, esthetician services, and an additional restroom. A 570 square foot loft-style third floor, currently used for storage, presents a significant opportunity for expansion or renovation. A partially finished 1,422 square foot basement offers versatile space, including office areas, a classroom, a laundry/kitchenette, and a restroom. The property includes five parking spaces, one of which is ADA compliant. Extensive interior and exterior renovations have been completed. The transitional use zoning allows for a wide range of permitted uses, including service-based businesses, retail, office, or residential on the first floor, making this a highly versatile investment opportunity in a thriving downtown location. Asking price is $1,680,000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1916
Total area 2,575 SF
Lot 0.23 ac (10,019 SF)
APN 07-13-421-017
UPID US28-4353500
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
Current use
Occupant on record · Public records
  • C'zar Salon Spa - Naperville Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Czar Hair Designs Chartered · 13 yrs held
Czar Hair Designs Chartered
since 2012
6 recorded transactions
2018
Price N/A
2012
$644,500
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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