REO Sale: Park Plaza | Redevelopment Upside

$950,000 Starting Bid

Auctioneer: Scott Bowers

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: 040000273

Brokered by Colliers and powered by RealINSIGHT Marketplace, Park Plaza at 215 Shuman Boulevard is a 210,774 SF, four-story Class B suburban office building on an 11.70-acre site in Naperville, Illinois, approximately 30 miles west of Chicago. Offered as an REO sale, the property presents two paths: re-tenant the existing building or redevelop the site. The property is 17% occupied as of August 31, 2026, following the June 2024 departure of Travelers, which vacated 108,334 SF, or 51% of net rentable area. For an office buyer, contiguous availability of up to approximately 172,000 SF across floorplates of roughly 52,700 SF suits a single large user or full-floor tenants, supported by an atrium, fitness center and 757 surface and garage parking spaces, including below-grade heated parking. For a redevelopment buyer, the nearly 12-acre site with I-88 frontage offers the option to raze the 1982 building and pursue an alternative use, subject to zoning and entitlement approvals. In-place tenancy includes Transguard Insurance Co. of America, occupying 31,959 SF through July 2028, and Left Brain Wealth Management, occupying 3,019 SF through June 2028, preserving occupancy during either a lease-up or entitlement period. Access via the Winfield Road and Naperville Road interchanges connects the site to the western suburbs and downtown Chicago.

210,774 SF Four-Story Suburban Office

Class B building roughly 30 miles west of Chicago, built in 1982 and renovated in 2008.

11.70-Acre Site Offers Redevelopment Option

Four-story building on nearly 12 acres allows a raze-and-redevelop path, subject to zoning approval.

Up to 172,000 SF of Contiguous Availability

Floorplates of roughly 52,700 SF suit a single headquarters user, full-floor tenants, or suites.

Transguard Insurance Leased Through 2028

Occupies 31,959 SF, or 15% of NRA, providing an in-place anchor while vacant space is re-tenanted.

Direct I-88 Access via Two Interchanges

Winfield Road and Naperville Road interchanges put the site on the East-West Tollway corridor.

View details and diligence materials on RI Marketplace: