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43 E Jefferson Ave
Naperville, IL 60540
Value-Add Downtown Naperville Retail/Office · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Value-Add Mixed Use Building in Downtown Naperville
- Future Opportunity to Expand or Redevelop the Building
- Adjacent to North Central College Campus
- 58% Occupancy - Strong Immediate Upside
- Onsite Parking + Public Parking Deck Immediately Across Jefferson
EXECUTIVE SUMMARY
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: $58,098.00
LOCATION: Located one block east of Washington Street on Jefferson Avenue in Downtown Naperville. Immediate area retail tenants include Athleta, Ramsay's Kitchen, Noodles and Co, Nando's Peri Peri, Gia Mia, ModPizza, Ulta Beauty, Catch 35 and more.
Jefferson Hill is adjacent to North Central College, Naperville Community Concert Center, Wentz Concert Hall, and a municipal parking deck.
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: $58,098.00
LOCATION: Located one block east of Washington Street on Jefferson Avenue in Downtown Naperville. Immediate area retail tenants include Athleta, Ramsay's Kitchen, Noodles and Co, Nando's Peri Peri, Gia Mia, ModPizza, Ulta Beauty, Catch 35 and more.
Jefferson Hill is adjacent to North Central College, Naperville Community Concert Center, Wentz Concert Hall, and a municipal parking deck.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,954 SF
Building Class
B
Year Built/Renovated
1845/1987
Price
$6,067,292 CAD
Price Per SF
$357.87 CAD
Cap Rate
5.17%
NOI
$313,479 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.05
Lot Size
0.37 AC
Zoning
B-4
Frontage
PROPERTY TAXES
| Parcel Number | 08-18-313-021 | Improvements Assessment | $797,475 CAD |
| Land Assessment | $332,783 CAD | Total Assessment | $1,130,258 CAD |
PROPERTY TAXES
Parcel Number
08-18-313-021
Land Assessment
$332,783 CAD
Improvements Assessment
$797,475 CAD
Total Assessment
$1,130,258 CAD
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