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Modaff Plaza 501-541 W 87th St 22,300 SF 94% Leased Retail Building Naperville, IL 60565 $6,608,971 CAD ($296.37 CAD/SF) 8.25% Cap Rate
Investment Highlights
- Anchoring the southwestern section of Naperville
- Situated between Kingsley Elementary School and Madison Junior High School
- Dense residential surrounding site
Executive Summary
Colliers is pleased to introduce this stabilized neighborhood strip center located at 501–541 W 87th Street in Naperville, Illinois. Positioned at 87th Street and Modaff Road, the property benefits from excellent visibility and strong local access. This 93.72% occupied center includes a gas station and features a diverse tenant mix, offering strong in-place income and long-term investment stability.
The property spans approximately 22,300 square feet on a 1.97-acre lot and was originally constructed in 1974. With a Net Operating Income (NOI) of $390,558 and a purchase price of $4,735,000, this offering delivers an attractive 8.25% capitalization rate.
The property spans approximately 22,300 square feet on a 1.97-acre lot and was originally constructed in 1974. With a Net Operating Income (NOI) of $390,558 and a purchase price of $4,735,000, this offering delivers an attractive 8.25% capitalization rate.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
22,300 SF
Building Class
B
Year Built
1974
Price
$6,608,971 CAD
Price Per SF
$296.37 CAD
Cap Rate
8.25%
NOI
$545,129 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.97 AC
Parking
102 Spaces (4.66 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 517
- 1,400 SF
- Retail
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 517 | 1,400 SF | Retail | - | 30 Days |
517
| Size |
| 1,400 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
Fairly walkable
40/100
Very drivable
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 07-01-01-201-001 | Improvements Assessment | $654,407 CAD |
| Land Assessment | $298,639 CAD | Total Assessment | $953,046 CAD |
Property Taxes
Parcel Number
07-01-01-201-001
Land Assessment
$298,639 CAD
Improvements Assessment
$654,407 CAD
Total Assessment
$953,046 CAD
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Modaff Plaza | 501-541 W 87th St
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