Naperville, IL 60540 224 S Main Street

Presented By: Coldwell Banker Real Estate Group
  • MLS# 12441003
  • 08/07/2025
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  • SQFT • 2,733

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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.
Presented By: Coldwell Banker Real Estate Group

General for 224 S Main Street

Additional Parcels Y/NNo
Cap Rate6
CityNaperville
Construction MaterialsBrick, Glass
CoolingCentral Air
CountyDuPage
DirectionsFrom I-88 to Winfield Road (Exit 125), South on Winfield Road, Turn right onto Diehl Road, Turn left onto N Mill St., then Turn right onto S Main St.
ElectricCircuit Breakers
Gross Income95760
Leasable Area2773
Lot Size Square Feet2614
MLS AreaNaperville
ModificationTimestamp2025-10-23T01:01:01.700Z
Net Operating Income95760
Number Of Units Total1
Property SubtypeRestaurant
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusPrice Change
Stories Count1
Tax Annual Amount28330
Tax Year2024
Year Built1930
ZoningCOMMR

Exterior for 224 S Main Street

Building Area Total2733
Frontage TypeCity Street
Lot Dimensions21 X 132

Additional Details

Price History

Client Care

Price $1,400,000
MLS#12441003
List Date 08/07/2025
Property Type Commercial
Phone 847.485.2500
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