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1488 Bond St 22,029 SF 100% Leased Office Building Naperville, IL 60563 $3,450,000 ($156.61/SF) 8.96% Cap Rate
Investment Highlights
- Strong anchor tenant with 7 years remaining on lease term
- Close proximity to Route 59 and I-88
- 0.6± ac of land for potential expansion or parking
- Direct access
- Ample parking - 61 spaces
- Low DuPage taxes
Executive Summary
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$444,534
|
$20.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$444,534
|
$20.18
|
| Taxes |
$42,570
|
$1.93
|
| Operating Expenses |
$92,677
|
$4.21
|
| Total Expenses |
$135,247
|
$6.14
|
| Net Operating Income |
$309,287
|
$14.04
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $444,534 |
| Annual Per SF | $20.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $444,534 |
| Annual Per SF | $20.18 |
| Taxes | |
|---|---|
| Annual | $42,570 |
| Annual Per SF | $1.93 |
| Operating Expenses | |
|---|---|
| Annual | $92,677 |
| Annual Per SF | $4.21 |
| Total Expenses | |
|---|---|
| Annual | $135,247 |
| Annual Per SF | $6.14 |
| Net Operating Income | |
|---|---|
| Annual | $309,287 |
| Annual Per SF | $14.04 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Elite Dog Training
- -
- -
- -
- Full Service
- -
-
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
From a small office in White Bear Lake, Minnesota, Larson Engineering has expanded to include 11 offices in 8 states. Each office has its own story, but every office has grown for the same reason: dedication to meeting the client’s needs with innovative and cost-effective design. Their roots are in providing consulting engineering services to architectural and industrial clients. 1982 marked the beginning of Larson’s diversification in services with their entry into curtain wall engineering. They continue to expand their services to best serve their clients. Today, they are a trusted partner in each step of the design process. Larson’s structural, civil, process industrial, environmental, health & safety, oil & gas, mechanical, electrical and curtain wall engineers each have their own specialty. Whether it is the design of blast-resistant structures, slip formed silos or a biomass receiving and material handling system, they have the expertise to make your project a success.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Elite Dog Training | - | - | - | Full Service | - | |
|
|
Professional, Scientific, and Technical Services | - | - | - | - |
Property Taxes
| Parcel Number | 07-10-109-003 | Total Assessment | $658,325 (2024) |
| Land Assessment | $236,736 (2024) | Annual Taxes | $42,570 ($1.93/SF) |
| Improvements Assessment | $421,589 (2024) | Tax Year | 2025 |
Property Taxes
Presented by
1488 Bond St
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