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Twin Centers 610-624 E Ogden Ave 22,500 SF 97% Leased Retail Building Naperville, IL 60563 $5,503,000 ($244.58/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Unique Value-Add Opportunity
- Excellent Visibility Along Ogden Ave
- Affluent, Desirable Trade Area
- Diverse and Established Tenant Mix
- Located in One of Chicago’s Most Desirable Suburbs
- DuPage County Advantage – Lower Tax Exposure
EXECUTIVE SUMMARY
CBRE NRP-Midwest is pleased to present qualified investors the opportunity to acquire Twin Centers, a 22,500-square-foot neighborhood unanchored retail center in the heart of Naperville – one of the most desirable and affluent suburbs in the Chicago MSA.
Situated less than two miles from Naperville’s vibrant downtown and along the high-traffic Ogden Avenue corridor, Twin Centers benefits from outstanding visibility in a dense, high-income trade area. Located in DuPage County, the property also enjoys lower tax exposure than neighboring Cook County, contributing to stronger margins and long-term rent growth potential.
The Property’s strong local identity, combined with below-market lease structures, offers investors both stable cash flows and clear upside potential in one of the Midwest’s most dynamic suburban markets.
Situated less than two miles from Naperville’s vibrant downtown and along the high-traffic Ogden Avenue corridor, Twin Centers benefits from outstanding visibility in a dense, high-income trade area. Located in DuPage County, the property also enjoys lower tax exposure than neighboring Cook County, contributing to stronger margins and long-term rent growth potential.
The Property’s strong local identity, combined with below-market lease structures, offers investors both stable cash flows and clear upside potential in one of the Midwest’s most dynamic suburban markets.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
22,500 SF
Building Class
C
Year Built
1976
Price
$5,503,000
Price Per SF
$244.58
Cap Rate
7.25%
NOI
$398,747
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.80 AC
Zoning
B1 - Commercial, office, medical, retail, all uses
Parking
114 Spaces (5.07 Spaces per 1,000 SF Leased)
Frontage
300’ on 636 E. Ogden Ave
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Cosmo's Barber & Beauty Salon
- Services
- 750 SF
- -
- Sep 2027
-
- Finance and Insurance
- 750 SF
- -
- Jan 2027
Farmers Insurance Group is a major U.S. insurer headquartered in Woodland Hills, California. Founded in 1928 by John C. Tyler and Thomas E. Leavey, the company began as Farmers Automobile Inter-Insurance Exchange and has grown into one of the largest property and casualty insurers in the country. Farmers offers a broad portfolio of insurance products, including auto, homeowners, renters, life, and commercial coverage, as well as financial services through affiliated entities. The organization operates as a group of reciprocal exchanges managed by Farmers Group, Inc., which is a wholly owned subsidiary of Zurich Insurance Group. Farmers serves millions of policyholders across all 50 states through a network of exclusive and independent agents.
- Mindful Birth
- -
- 1,500 SF
- -
- May 2026
- Naperville Beauty Bar
- -
- 750 SF
- -
- Jun 2027
- Naperville Music
- -
- 7,500 SF
- -
- Dec 2029
- Pet Wants
- -
- 1,500 SF
- -
- May 2028
- Salon Centric
- -
- 3,000 SF
- -
- Jan 2028
- Siesta Massage
- -
- 1,500 SF
- -
- Sep 2027
- The Can Bar
- -
- 3,000 SF
- -
- Apr 2030
- Wild Rice Sushi & Grill
- Accommodation and Food Services
- 1,500 SF
- -
- Jul 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Cosmo's Barber & Beauty Salon | Services | 750 SF | - | Sep 2027 | ||
|
|
Finance and Insurance | 750 SF | - | Jan 2027 | ||
| Mindful Birth | - | 1,500 SF | - | May 2026 | ||
| Naperville Beauty Bar | - | 750 SF | - | Jun 2027 | ||
| Naperville Music | - | 7,500 SF | - | Dec 2029 | ||
| Pet Wants | - | 1,500 SF | - | May 2028 | ||
| Salon Centric | - | 3,000 SF | - | Jan 2028 | ||
| Siesta Massage | - | 1,500 SF | - | Sep 2027 | ||
| The Can Bar | - | 3,000 SF | - | Apr 2030 | ||
| Wild Rice Sushi & Grill | Accommodation and Food Services | 1,500 SF | - | Jul 2027 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
| Space | Size | Space Use | Position | Available |
| 624 | 750 SF | Office/Retail | - | Jan 2026 |
624
| Size |
| 750 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Jan 2026 |
1 of 32
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
624
| Size | 750 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Jan 2026 |
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $367,598 | |
| Land Assessment | $742,402 | Total Assessment | $1,110,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$742,402
Improvements Assessment
$367,598
Total Assessment
$1,110,000
1 of 14
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Twin Centers | 610-624 E Ogden Ave
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