Available For Sale - Retail

16,954 SF | Show Pricing $

LISTED BY

Joel Miller CCIM
SVN | Landmark Commercial Real Estate, 630-938-4950

AVAILABILITY DETAILS

Size
16,954 SF
Price/SF
Show Pricing $
Listing ID
SA533020
Notes
The Jefferson Hill building is a mixed use restaurant, retail and office property in in downtown Naperville. The original historic 1845 circa building was the home of Francis Kendall, Naperville's mayor from 1913 to 1917.



This value-add investment offers immediate cash-flow with an actual NOI of $227,000 on 58% occupancy. Immediate upside potential through the lease up of 6,500+ SF of retail and office space on the first and second floor. If fully occupied, the pro-forma NOI would exceed $440,000.



Flexible B4 zoning allows for a variety of uses, and the location in Naperville’s parking district allows for development of the parking lot and expansion of the building to approx. 30,000 SF. 2023 Taxes: $58,098.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Joel Miller CCIM, SVN | Landmark Commercial Real Estate