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    Property profile & analytics
    OFF-MARKET Estimated value $635,000
    Commercial land

    540 Weston Rdg Dr, Naperville, IL 60563

    1.7 ac lot
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-1406800
    Property summary
    AI-generated overview

    This exceptional 2-acre commercial land parcel offers a recently improved parking lot ideal for various uses. Previously utilized for Metra overflow parking, it boasts 167 spaces available for lease at a competitive rate of $80-100 per space monthly. The property enjoys a highly desirable location just 200 yards from the Naperville Route 59 Metra station, providing convenient access for commuters. Its strategic proximity to the I-88 expressway and the bustling Route 59 commercial corridor ensures high visibility and accessibility. Currently zoned B3, the property permits car and van parking, with potential for truck or storage use subject to Naperville city approval. To enhance security, the installation of security cameras and fencing is available as an option for tenants with acceptable lease terms. Flexible lease terms and partial space rentals are also available, making this a versatile and attractive investment opportunity. The property's location and amenities make it an excellent choice for businesses seeking convenient and well-situated parking solutions for employees or customers. This is a rare opportunity to acquire a well-maintained, strategically located parking lot in a thriving commercial area.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.7 ac (74,052 SF)
    Zoning code C
    APN 07-16-201-020
    UPID US28-1406800
    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
    $635k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $635k
    Owner & transaction history
    540 Weston Ridge LLC · 2 yrs held
    540 Weston Ridge LLC
    since 2024
    Last sale
    $635,000
    7 recorded transactions
    2024
    $635,000
    2022
    2019
    2019
    2018
    2011
    $720,000
    2005
    $780,000
    Zoning & alternative use
    C · Naperville, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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