Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2764 Aurora Ave Naperville, IL 60540

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2764 Aurora Ave Naperville, IL 60540

    View on Map
    • Retail space
    • 55,020 SF
    • 5.98 lot acres
    For Lease
    $6,075,000
    View Listing →
    Retail Space in Upscale Center For Lease
    $6,075,000

    Retail Space in Upscale Center

    Prime retail space with strong co-tenancy and excellent visibility.

    2764 Aurora Ave, Naperville, IL 60540
    View Listing
    Property ID
    US28-1125196
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kiku Japanese Steak House & Sushi Lounge / Restaurant
    • Absolute Integrated Heath Pain Management Center Naperville IL / Physician
    • Legacy Physical Therapy and Wellness / Medical Clinic
    • Renown Weight Loss Chicago / Weight Loss Service
    • Bistro Manila of Naperville / Restaurant

    Property Details for 2764 Aurora Ave

    Year built
    2004
    Lot size
    5.98 lot acres
    Property size
    55,020 SF
    Zone code
    C
    Property type
    Retail space
    APN
    07-22-101-015
    APU
    722101015

    Description

    This exceptional Class A retail strip center, Waterside Center, located at 2764 Aurora Ave in Naperville, IL 60540, offers a prime opportunity for businesses seeking high-traffic exposure. The property boasts a total of 52,101 square feet, with 2,400 square feet currently available for lease. Spaces range from a minimum of 2,400 square feet to a maximum contiguous space of 8,254 square feet, providing flexibility for various retail concepts. Built in 2004, this well-maintained center sits on a 5.97-acre lot in DuPage County and benefits from excellent visibility on Aurora Avenue, enhanced by two full access points, including a signaled entrance. The center enjoys a strong co-tenancy with established businesses such as Michael's arts and crafts (anchor tenant), Kiku Japanese Steakhouse, Massage Envy, Bernina, Bistro Manila, Legacy Physical Therapy, and the soon-to-open The Fun Place. This upscale retail environment, situated directly across from Block 59, provides an ideal location for businesses seeking a thriving and affluent customer base. The property's strategic location and impressive tenant mix create a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,450,000
      6.5%
      $7,800,000
      7%
      $7,245,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Dupage
    State
    Illinois
    Longitude
    -88.2001
    Latitude
    41.7621
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $123,586
    $619,910
    $1,228,460
    $1,848,370
    -
    $1,859,730
    $3,685,380
    $5,545,110

    Comparable in this City

    • Value Estimation
      $14,850,000
      18,265 SF

      510 Rte 59

      RETAIL STORES (PERSONAL SERVICES) • 18,265 SF
      510 Rte 59, Naperville, IL 60540-0915
      View Details
    • Value Estimation
      $1,700,000
      12,236 SF

      Rt 59

      RETAIL STORES (PERSONAL SERVICES) • 12,236 SF
      Rt 59, Naperville, IL 60540
      View Details
    • Value Estimation
      $2,685,000
      20,675 SF

      2960 Audrey Ave

      RETAIL STORES (PERSONAL SERVICES) • 20,675 SF
      2960 Audrey Ave, Naperville, IL 60540-1959
      View Details
    • Value Estimation by Request
      2,048 SF

      Aurora Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,048 SF
      Aurora Ave, Naperville, IL 60540
      View Details
    • Value Estimation
      $995,000
      11,500 SF

      419 Washington St, Unit 23

      RETAIL STORES (PERSONAL SERVICES) • 11,500 SF
      419 Washington St, Naperville, IL 60540-6639
      View Details
    • Value Estimation
      $570,000
      7,696 SF

      Mc Dowell Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,696 SF
      Mc Dowell Rd, Naperville, IL 60540
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,479 SF

      Naperville Retail Building For Sale

      8,479 SF retail building on 1.76 AC lot.
      1915 Glacier Park, Naperville, IL 60540
      View Details
    • Contact for pricing
      Pending

      Naperville Redevelopment Opportunity

      Prime redevelopment site in affluent Naperville suburb.
      400 South Main St, Naperville, IL 60540
      View Details
    • Contact for pricing

      Prime Retail and Restaurant Space

      Retail and restaurant spaces in a busy Naperville retail corridor.
      2764 Aurora Ave, Naperville, IL 60540
      View Details
    • $1,200,000
      4,139 SF

      Naperville Retail Space - Prime Location

      High-visibility retail building, 4,139 SF.
      1260 Book Road, Naperville, IL 60540
      View Details
    • Contact for pricing
      3,252 SF

      Naperville Retail Property For Sale

      Downtown Naperville retail property with private parking and extensive renovations.
      237 W Jefferson Ave, Naperville, IL 60540
      View Details
    • $4,400,000
      16,954 SF

      The Jefferson Hill building is a mixed use restaurant, retail and office For Sale

      The Jefferson Hill building is a mixed use restaurant, retail and office For Sale
      43 E Jefferson Ave, Naperville, IL 60540
      View Details

    Similar Nearby for Lease

    • $48 SF/Yr
      2,500 SF

      Prime Retail Space in Naperville

      2,500 SF retail space in downtown Naperville for lease.
      111-123 W Jefferson Ave, Naperville, IL 60540
      View Details
    • Contact for pricing
      2,881 SF

      Retail Space Near Anchor Tenants

      Retail space available near Whole Foods, Dick's, and more.
      2555 W 75Th St, Naperville, IL 60540
      View Details
    • Contact for pricing
      2,101 SF

      Downtown Naperville Retail Space Available

      Retail building for lease in the heart of downtown Naperville.
      9 Jackson Ave, Naperville, IL 60540
      View Details
    • $34 SF/Yr
      2,400 SF

      Naperville Retail Space on Aurora

      Retail space in a high-visibility Naperville retail center.
      2760-2768 Aurora Ave, Naperville, IL 60540
      View Details
    • Contact for pricing
      4,092 SF

      Naperville Retail Space Available

      Upscale retail space in a vibrant mixed-use Naperville development.
      43-50 S Main St, Naperville, IL 60540
      View Details
    • Contact for pricing
      4,774 SF

      Downtown Naperville Retail Development Opportunity

      Proposed retail space in downtown Naperville. NNN lease.
      315 S Main St, Naperville, IL 60540
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2764 Aurora Ave
    Naperville, IL 60540
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2764 Aurora Ave, Naperville, IL, 60540

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!