Property profile

540 Weston Rdg Dr Naperville, IL 60563

OFF-MARKET
Commercial land
Property ID
US28-1406800
1.7 ac lot
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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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

Location

540 Weston Rdg Dr Naperville, IL 60563
Naperville metro Census 846410 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2024
Last sale
$635,000
7 recorded transactions
2024
$635,000
2022
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2011
$720,000
2005
$780,000

Zoning & alternative use

C · Naperville, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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