101 Washington StNaperville, IL 60540

Property Details for 101 Washington St

Year built

1850

Construction

BRICK

Lot size

0.30 AC

Property size (Sq ft)

3,677 SF

Zone code

O

Property type

Office buildings

APN

07-13-404-022

APU

713404022

Description

This stunning, 3,744 square foot, two-story office building, located at 101 N Washington St, Naperville, IL 60540, presents a unique owner-user opportunity. Built in 1867, this Class D property features 10 on-site parking spaces and sits on a 13,965 square foot lot. Currently 77% occupied by four tenants under a gross lease, the building offers nine private offices, a reception area, conference room, and break room. A full unfinished basement provides additional storage. The property's Transitional Use (TU) zoning allows for diverse uses including single-family, multi-tenant, commercial services, and general services. With 133 feet of Washington Street frontage, this high-visibility location benefits from heavy traffic. The asking price is $850,000 ($227.03/sq ft). The property's prime downtown location offers easy access to a thriving community, and the surrounding area boasts a strong demographic profile with 5,250 households within a one-mile radius, averaging $155,784 in household income and a $448,756 median home value. Monthly lease options are available. This is an exceptional opportunity to acquire a historic building with significant potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $663,926

  6.5%

  $612,855

  7%

  $569,079

• Comparable approach

  Method

  Valuation

  Relative Method

  $373,301

  Geo Method

  $478,929

• Alternative Use

  Use

  Valuation

  Residential

  $759,940

  Hospitality

  $696,101

  Educational

  $579,148

  Medical

  $599,066

  Retail

  $900,896

Location Insight

City

Naperville

County

Dupage

State

Illinois

Latitude

41.7763

Longitude

-88.148

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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