For Sale
$10,000,000
387 Shuman Blvd Naperville, IL 60563
Class A, Value-Add Medical Office in Naperville, IL
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 131
Highlights
- Strong value-add opportunity with 53% occupancy and $944,732 current operating income; significant leasing upside potential in 52,000 SF of vacant space.
- Fully renovated Class-A office/medical building with new parking lot, lobby, hallways, restrooms, HVAC, electrical, plumbing, roof, and LED lighting.
- High visibility on I-88 (135,000 vehicles daily) with monument signage; amenities include high-speed internet, keyless entry, tenant-controlled HVAC, and ample parking.
- 50% medical tenancy in a booming DuPage County healthcare market; strong growth projections and proximity to major hospitals.
- High demand for medical office space with limited supply; aging population driving increased healthcare needs.
- Excellent Naperville location near I-88, Freedom Commons retail center, and downtown Naperville's amenities; close proximity to five major hospitals.
Property Details for 387 Shuman Blvd
- Property type
- Office properties, Medical offices
- Class
- A
- Year Built/Renovated
- 1982/2022
- Buildings
- 1
- Stories
- 3
- Lot Size (sq. ft)
- 365,904 SF
Location Insight
- City
- Naperville
- County
- DuPage
- State
- Illinois
- Latitude
- 41.8044568
- Longitude
- -88.1549114
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Class A, Value-Add Medical Office in Naperville, IL
- Where is the office property located?
- The property is located at 387 Shuman Blvd Naperville, IL.
- What is the asking price?
- The asking price for this property is $10,000,000.
- What are key features of this property?
- This property features: Strong value-add opportunity with 53% occupancy and $944,732 current operating income; significant leasing upside potential in 52,000 SF of vacant space.; Fully renovated Class-A office/medical building with new parking lot, lobby, hallways, restrooms, HVAC, electrical, plumbing, roof, and LED lighting.; High visibility on I-88 (135,000 vehicles daily) with monument signage; amenities include high-speed internet, keyless entry, tenant-controlled HVAC, and ample parking.
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