Active · For Sale · Office/Tech

1288 Rickert Drive, Naperville, IL 60540

MLS #12573508

1288 Rickert Drive, Naperville, IL 60540
1288 Rickert Drive, Naperville, IL 60540CRER
1288 Rickert Drive, Naperville, IL 60540

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1288 Rickert Drive, Naperville, IL 60540

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The property

Executive summary

Brighton Commons is a fully occupied, three-story medical/office building comprised of 13,719 square feet, currently demised into four suites. The tenancy includes three established medical tenants and one professional office tenant. With an ongoing transition toward medical office use, there is significant potential to further enhance the asset's value by securing an additional medical tenant and converting the third floor to medical office space upon expiration of the existing lease with Century 21 in April 2028. This is a unique opportunity for investors to capitalize on the healthcare demand. The asset is strategically located in the prestigious Naperville submarket, benefiting from strong demographics and high visibility. Located one mile from Edward Hospital and also in a strong medical market, the property is ideally located for medical tenants. Additionally, within a three-mile radius, the average household income exceeds $201,000, underscoring the area's affluence and consumer purchasing power. The property enjoys excellent exposure at the intersection of Rickert Drive and 75th Street, where traffic counts are 30,000 vehicles per day, providing significant visibility and accessibility for potential tenants and customers. Located in…

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Property Intelligence

Financial Snapshot

Reported Annual Income
$203,562
Reported Annual Expenses
$97,045
Estimated NOI
$106,517
Estimated Cap Rate
3.74%
Estimated GRM
14.00
Annual Taxes
$33,628 (2024)

Property Details

Units
4
Building Size
13,680 SF
Lot Size
45,130 SF
Lot Acreage
1.04
Lot Dimensions
45561
Stories
3
Year Built
1989
Building Age
New Rehab
Construction
Brick, Concrete, Steel Siding
Roof
Flat, Membrane
Zoning
PUD
Parcel Number
0725101008

Operations & Utilities

Heating
Forced Air, Gas
Cooling
Central Air
Tenant Pays
Varies by Tenant
Electric
Service - 201 to 600 Amps
Water Source
Municipal Water
Utilities
Electric to Site, Natural Gas Available, Sewer Connected
Possession
Negotiable

Location & Use

County
DuPage
Market Area
Naperville
Township
Naperville
Present Use
Development
Potential Use
Development
Location
Out Lot of Shopping Center
Frontage
Public Road

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.