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$ 1,400,000
Est. payment | /mo
2,733 SqFt
$ 1,400,000
Est. payment | /mo
2,733 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 2,733 sqft
Price per Sqft $512
MLS Listing ID 12441003
Year Built 1930
Annual Tax Amount $28,330
Tax Year 2024
Lot Dimensions 21 X 132
Property Sub-Type Retail/Stores
Property Description
Prime Investment Opportunity in Downtown Naperville, Illinois Located in the heart of downtown Naperville's vibrant business district, 224 S. Main Street offers a rare opportunity to own a fully leased commercial building just steps from the Naperville Riverwalk and North Central College. This property is currently home to the popular Allegory Restaurant, a well-known dining destination in the area. The existing tenant lease has approximately three years remaining, offering immediate rental income and stable cash flow. Positioned along Main Street's high-foot-traffic corridor, this location benefits from excellent visibility, steady pedestrian activity, and proximity to nearby parking, boutique shops, and established restaurants. Only the building is for sale, the business is not included. Whether you're expanding a real estate portfolio, seeking a 1031 exchange investment, or looking for a long-term income property in one of the most desirable downtowns in Illinois, 224 S. Main Street, Naperville represents a unique and high-demand opportunity.
Location
State IL
County Dupage
Area Naperville
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Structure Type Brick,Glass
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Listed by Bruce Meyer of Coldwell Banker Real Estate Group
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Mike Machlet
Partner