224 S Main Street, Naperville, IL
  • $1,400,000
  • $1,590,000

Description

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.

  • Listing Courtesy of: Coldwell Banker Real Estate Group

Details

Updated on June 15, 2026 at 1:49 pm
  • Property ID MRD12441003
  • Price $1,400,000
  • Year Built 1930
  • Property Type Bad
  • Property Status Active
  • Parcel Number 0713430033
  • MLS Status Active
  • Days On Market 312
  • Cumulative Days On Market 275
  • Tax Annual Amount 28330
  • Cooling Central Air
  • 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.
  • Association Fee Frequency Not Applicable
  • BuildingAreaTotal 2733
  • LotSizeSquareFeet 2614
  • StoriesTotal 1
  • Zoning COMMR
  • Address 224 S Main Street
  • City Naperville
  • State/county IL
  • Zip/Postal Code 60540
  • Country United States

Overview

Property ID: MRD12441003
  • Bad
  • Property Type
  • 1930
  • Year Built

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