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Listing provided courtesy of Coldwell Banker Real Estate GroupMREDas Distributed by MLSGrid- MLS# 12441003MLS Provider

224 S Main StreetNaperville, IL 60540

Commercial · 2,733 Sq. ft.
$1,400,000 Active

224 S Main Street Overview

Time on Site:
326 days
Visits:
2

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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224 S Main Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,733
  • Price/Sq.ft. $512

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Gross Income: 95760
  • Net Operating Income: 56965

Building Information

  • Year Built: 1930

Location/Region

  • County Or Parish: DuPage
  • MLS Area Major: Naperville

Tax Information

  • Tax Annual Amount: $28,330.00
  • Tax Year: 2024

General Information

  • Parcel Number: 0713430033
  • Property Sub Type: Restaurant
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 2733

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Leasable Area: 2773
  • Stories: 1

Unit Information

  • Unit SqFt.: 2733

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 21 X 132
  • Lot Size Square Feet: 2614

Building Exterior/Construction

  • Construction Materials: Brick, Glass

General Information

  • Number Of Units Total: 1

224 S Main Street Neighborhood

Community

60540 (NAPERVILLE) Demographics

41
Median Age
3,270
Population Density (per sq. mile)
76%
College Educated
$128,617
Estimated Median Income
11,980
Estimated Total Home Owners
3,915
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

224 S Main Street Monthly Cost

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Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

224 S Main Street Market Data

Based on the last 30 days in this zip code

$931,917
Average List Price
$352
Average Price per Square Foot
43
Properties Sold
55
Average Days on Market
149
Properties for Sale
Calculations provided by Reliance Network

224 S Main Street History

Date Event Value Agent
10/26/2025Source: MRED Status Change
Active
10/21/2025Source: MRED Price Reduction
$1,400,000 -11.9%
10/21/2025Source: MRED Status Change
Price Change
8/12/2025Source: MRED Status Change
Active
8/7/2025Source: MRED Added to Database
August 07, 2025
6/20/2022Source: MRED Added to Database
January 27, 2022