Jefferson Hill

43 E Jefferson Ave, Naperville, IL 60540

  • For Sale $4,400,000
  • Property Type Retail - Restaurant
  • Property Size 16,954 SF
  • Units 17
  • Lot Size 0.37 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1845
  • Year Renovated 1986
  • Date Updated Feb 28, 2024
Located one block east of Washington Street on Jefferson Avenue in Downtown Naperville. Immediate area retail tenants include Athleta, Ramsay's Kitchen, Noodles and Co, Nando's Peri Peri, Gia Mia, ModPizza, Ulta Beauty, Catch 35 and more. Jefferson Hill is adjacent to North Central College, Naperville Community Concert Center, Wentz Concert Hall, and a municipal parking deck.The Jefferson Hill building is a mixed use restaurant, retail and office property in in downtown Naperville. The original historic 1845 circa building was the home of Francis Kendall, Naperville's mayor from 1913 to 1917. This value-add investment offers immediate cash-flow with an actual NOI of $227,000 on 58% occupancy. Immediate upside potential through the lease up of 6,500+ SF of retail and office space on the first and second floor. If fully occupied, the pro-forma NOI would exceed $440,000. Flexible B4 zoning allows for a variety of uses, and the location in Naperville’s parking district allows for development of the parking lot and expansion of the building to approx. 30,000 SF. 2022 Taxes: $58,581.00

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Highlights

  • Value-Add Mixed Use Building in Downtown Naperville
  • 58% Occupancy - Strong Immediate Upside
  • Future Opportunity to Expand or Redevelop the Building
  • Onsite Parking + Public Parking Deck Immediately Across Jefferson
  • Adjacent to North Central College Campus

Contacts

broker

Joel Miller

SVN | Landmark Commercial Real Estate

(630) 270-6949

Location

Getting Around

  • Walk Score ®

    96/100 Walker's Paradise

  • Transit Score ®

    39/100 Some Transit

  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Naperville, IL
  • Neighborhood Downtown Naperville
  • Zip Code 60540
  • Market Chicago

Points of Interest

  • Naperville

    0.46 miles

  • Route 59

    3.22 miles

  • Lisle

    4.15 miles

  • Belmont

    5.74 miles

  • Wheaton

    6.54 miles

  • Winfield

    6.71 miles

  • College Avenue

    7.19 miles

  • Downers Grove Main Street

    7.27 miles

  • West Chicago

    7.94 miles

  • Fairview Avenue

    8.05 miles

  • Shell

    0.49 miles

  • Mobil

    0.84 miles

  • BP

    0.89 miles

  • Shell

    0.96 miles

  • Marathon

    1.32 miles

  • Mobil

    1.75 miles

  • Costco Gasoline

    1.94 miles

  • Amoco

    2.00 miles

  • Thorntons

    2.06 miles

  • Shell

    2.06 miles

  • Court Place Parking Lot

    0.07 miles

  • Central Parking Facility

    0.08 miles

  • Van Buren Parking Lot

    0.13 miles

  • Van Buren Parking Facility

    0.15 miles

  • Riverwalk Lot

    0.22 miles

  • Paw Paw Parking Lot

    0.22 miles

  • Riverview Lot

    0.24 miles

  • Nichols Library Parking Lot

    0.29 miles

  • Municipal Center Parking Deck

    0.36 miles

  • North Parking

    0.84 miles

  • Green Basil

    0.01 miles

  • SEOUL TACO

    0.08 miles

  • Board & Barrel

    0.08 miles

  • Eggs, Inc.

    0.09 miles

  • MOD Pizza

    0.09 miles

  • Noodles & Company

    0.10 miles

  • Potbelly

    0.10 miles

  • Nando's

    0.10 miles

  • Aloha Pokē Co

    0.10 miles

  • Front Street Cantina

    0.11 miles

  • Jewel-Osco

    0.96 miles

  • Fresh Thyme

    1.20 miles

  • Trader Joe's

    1.33 miles

  • Butera

    1.33 miles

  • Casey's Foods

    1.36 miles

  • Garden Fresh Market

    1.89 miles

  • ALDI

    1.96 miles

  • Patel Brothers

    1.99 miles

  • H Mart

    2.09 miles

  • Amazon Fresh

    2.11 miles

Frequently Asked Questions

What is the lease rate for Jefferson Hill?

Rental asking rate at Jefferson Hill is $2,200,000.00/YR.

What is the total square footage of Jefferson Hill?

Jefferson Hill totals 16,954 square feet.

When was this property built?

Jefferson Hill was built in 1845.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Joel Miller

SVN | Landmark Commercial Real Estate

(630) 270-6949