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Loggia Building 123 Water St 4,808 SF of 4-Star Retail Space Available in Naperville, IL 60540
Highlights
- Located within the Water Street District, adjacent to Hotel Indigo and surrounded by high-end retail and dining destinations.
- Positioned in a major pedestrian-friendly corridor with over 70 restaurants and 100 stores within walking distance.
- Built in 2016 as part of new construction development in Downtown Naperville.
- Prominent signage opportunities on both front (Water Street) and rear façades.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 105A & B | 4,808 SF | Negotiable | $68.21 CAD/SF/YR $5.68 CAD/SF/MO $327,963 CAD/YR $27,330 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 105A & B
Located in the heart of Downtown Naperville, this fully equipped, turnkey restaurant space offers a premium opportunity in one of Illinois’ most sought-after dining and retail corridors. Spanning approximately 4,808 SF, the interior features an open bar concept, elegant finishes, built-in wine displays, and thoughtfully designed seating areas to enhance the dining experience. The versatile layout supports both day-to-day operations and private events, with a 900 SF banquet room boasting a separate entrance, dedicated restrooms, and direct kitchen access. Patrons can also enjoy a spacious outdoor patio with seating for up to 64 guests overlooking the scenic Naperville Riverwalk. Positioned within the vibrant Water Street development, the property benefits from proximity to Hotel Indigo and more than 70 top-tier restaurants and 100 retailers in one of the most walkable trade areas in the Chicago suburbs. Free adjacent parking, excellent signage visibility on both façades, and strong co-tenancy create an ideal setting for hospitality operators looking for immediate market presence in a top-performing location.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Turnkey restaurant space that is fully furnished.
- Features an open bar concept and high-end finishes
- Outdoor patio seats up to 64 guests.
- Prominent signage available.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Loggia Building
- Tenant
- Description
- US Locations
- Reach
- Blue Sushi Sake Grill
- Restaurant
- 36
- National
- Elements at Water Street
- Accessory
- 1
- Local
- Hotel Indigo Naperville Riverwalk By Ihg
- Hotel/Motel
- 91
- International
- Santo Cielo
- Restaurant
- 1
- -
- Sixty Four
- Cocktail Bar
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Blue Sushi Sake Grill | Restaurant | 36 | National |
| Elements at Water Street | Accessory | 1 | Local |
| Hotel Indigo Naperville Riverwalk By Ihg | Hotel/Motel | 91 | International |
| Santo Cielo | Restaurant | 1 | - |
| Sixty Four | Cocktail Bar | 1 | Local |
Property Facts
| Total Space Available | 4,808 SF | Total Land Area | 0.51 AC |
| Property Type | Retail | Year Built | 2017 |
| Gross Leasable Area | 75,000 SF |
| Total Space Available | 4,808 SF |
| Property Type | Retail |
| Gross Leasable Area | 75,000 SF |
| Total Land Area | 0.51 AC |
| Year Built | 2017 |
About the Property
The subject property at 123 Water Street in Naperville consists of ground-floor restaurant space totaling approximately 4,808 square feet, including a private dining area of roughly 900 square feet. The building was constructed in 2016 as part of the Water Street development and is currently configured for food and beverage use. The property offers outdoor seating along the Naperville Riverwalk and direct access to a structured parking facility across the street. Indoor seating is designed for 119 patrons, and exterior seating accommodates 64. The site is situated within downtown Naperville, a mixed-use district that includes hospitality, retail, and dining destinations and provides connectivity to major regional routes and commuter rail service.
- 24 Hour Access
Nearby Major Retailers
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Loggia Building | 123 Water St
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