Prime Downtown Naperville Restaurant Space for Lease

123 Water St, Suite #105A & B, Naperville, IL 60540

Property Information

  • For Lease $50.00/SF/YR
  • Property Type Retail - Street Retail
  • Property Size 4,808 SF
  • Year Built 2016
  • Date Updated Apr 29, 2026

Description

Located in the heart of downtown Naperville, 123 Water Street is a turnkey restaurant space that’s ready to go from day one. The interior strikes a great balance between modern and inviting, with high ceilings, exposed finishes, warm wood details, and built-in wine displays that give the space character and flexibility for a variety of concepts. There’s a natural flow between seating areas, making it just as well-suited for everyday dining as it is for a more curated guest experience. In addition, adjacent to the space is a private dining/event area with its own entrance—perfect for group bookings, celebrations, or corporate events. Outside, a spacious patio with seating for up to 64 guests adds another major draw, all set within one of Naperville’s most active and walkable dining districts.» Fully equipped, turnkey restaurant space ready for immediate operation » ±4,808 SF total, including a ±900 SF private event room » Private event space features its own entrance, dedicated restrooms, and direct shared access to the kitchen » Expansive outdoor patio with seating for 64 guests along the highly desirable Naperville Riverwalk » Located within the Water Street Naperville development (built in 2016) - one of downtown’s premier mixed-use destinations » Prominent building signage available on both the front and rear façades with approximately 70’ of frontage » Free parking garage directly across the street, with additional free street parking » Surrounded by an affluent customer base, high end retail, and established dining destinations Exceptional walkability and consistent foot traffic in the heart of downtown Naperville

1 Space Available

Suite #105A & B

Space Type

Retail

Lease Rate

$50.00/SF/YR

Total Space

4,808 SF

Divisible Space

4,808 - 4,808 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

Contacts

Christina Caton Kitchel

Caton Commercial Real Estate Group

Location

Located at 123 Water St, Suite #105A & B, Naperville, IL 60540, this property is part of the Downtown Naperville neighborhood and Chicago market.

Contact Listing Broker
Christina Caton Kitchel

Caton Commercial Real Estate Group

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