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224 S Main Street Naperville, IL $ 1,400,000
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$ 1,400,000 Get more info
224 S Main Street
$ 1,400,000
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224 S Main Street

Naperville, IL, 60540
$ 1,400,000
Bedrooms-- Baths-- Sq 2,733

Monthly Estimate*

$ 8,734

224 S Main Street, Naperville, IL 60540 - Image 1

Commercial Property for sale in Naperville, IL

for $1,400,000. This 2,733 square foot building was built in 1930 on a lot size of 0.060009.

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.

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Commercial Active

Price

$ 1,400,000

Property Type

Commercial

Taxes

$ 28,330

Style

Lot Size

0.060009

Year Built

1930

Town/City

Naperville

County/Region

DuPage

MLS | Web ID

12441003
Features
General
Cooling Central Air
Zoning COMMR
Construction Materials Brick Glass
Year Built 1930
Electric Circuit Breakers
Stories Count 1
Property Subtype Restaurant
Tax Year 2024
Gross Income 95760
County DuPage
Net Operating Income 95760
Property Type Commercial Sale Retail/Stores
Status Active
Directions From 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.
City Naperville
Number Of Units Total 1
MLS Area Naperville
Lot Size Square Feet 2614
Tax Annual Amount 28330
Additional Parcels Y/N N
Leasable Area 2773
Standard Status Active
Cap Rate 6
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Exterior
Building Area Total 2733
Lot Dimensions 21 X 132
Frontage Type City Street
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* Excluded Features
List By
Coldwell Banker Real Estate Group

Broker

bmeyer@coldwellhomes.com

Email

Affordability Calculator

$11,095
Per Month
79%
21%
0%
Monthly Principal & Interest
$8,734
Monthly Property Taxes
$2,361
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/22/2025$1,400,000 -11.95% Price Down
8/8/2025$1,590,000 Listed Price

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224 S Main Street, Naperville, IL, 60540 is a Commercial Property for sale at $1,400,000 with 2,733 sqft and a lot size of 0.060009. 224 S Main Street was built in 1930. The property's zip code is 60540 which is in Naperville, IL

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