1952 Mc Dowell Rd Naperville, IL 60563

This exceptional three-story, 55,217 square foot office building in Naperville, Illinois presents a compelling value-add investment opportunity. Located at 1952 McDowell Rd, this multi-tenant property boasts a strong 77.24% occupancy rate with 23 tenants, generating a substantial net operating income (NOI) of $734,350 and an attractive 11.21% cap rate. The asking price is $6,550,000, translating to $118.62 per square foot. Built in 2001, the property features a mix of medical and traditional office spaces, with a significant portion (48%) leased to healthcare tenants, including a major anchor tenant with a long-term lease. The property benefits from its prime location less than half a mile from the I-88 on/off ramp at McDowell and Route 59, placing it within a vibrant retail corridor offering ample dining, shopping, and entertainment options. Naperville's reputation as a top-ranked city for families and its strong economy further enhance the property's appeal. DuPage County's lower real estate taxes compared to neighboring Cook County provide an additional advantage. Significant upside potential exists through leasing the remaining 12,567 square feet of vacant space across five units. The property's proximity to major transportation arteries, including I-88 and I-355, ensures easy access to other suburban areas and Chicago. Nearby amenities include numerous restaurants and retail options, including major chains and shopping centers. The fee-simple ownership is free and clear of debt, offering a clean and straightforward investment opportunity. Rent bumps are available.