Joseph Naper Building For Sale Downtown Naperville 216-218 S Main St
Sales Price: $3,850,000
Cap Rate: 6.06%
The Marcus & Millichap Retail Division is proud to have been selected to exclusively represent for sale 216-218 Main Street, Naperville Illinois.
This Joseph Naper historic building was built in 1845 by Joseph Naper ideally situated on Main Streets historical retail corridor between Jefferson and Jackson Avenues, and just two blocks from the River Walk in downtown Naperville. This historical downtown, high foot traffic, infill location is one of the highest barriers to entry with over one million square feet of retail (1,387,899 square feet) in the downtown area.
This property is 100 percent leased. There are five tenant suites with rentable square footage of 7,050 square feet. This two-story and three-story mixed-use commercial building has a full basement under each retail suite which are used by the retail tenants for storage. The asset consists of five tenants. Two retail tenants: Alixandra Collections and J McLaughlin which are located at street level and three office tenants: Passages, Memory Keepers and Brodzinski Law whom occupy suites on the second and third floors. These suites are modernized units with top-of-the-line finishing and detail.
This irreplaceable Naperville location has great positioning, located in densely occupied downtown Naperville. The offering is easy to own and manage making it an ideal opportunity for a passive cash-flow investor either local, regionally, or national.
For Further information:
(Must Sign NDA, Qualified Principles Only Please)
|MBA, CCIM, Broker|
|National Multi Housing Group|