1300 Iroquois Avenue presents an excellent opportunity to acquire a well-located office building in Naperville, Illinois, one of the most desirable submarkets in DuPage County. The property is positioned just north of downtown Naperville and immediately south of I-88, providing tenants with exceptional accessibility while benefiting from Naperville’s strong demographics and DuPage County’s favorable property tax environment.

The investment delivers an attractive in-place return with a going-in Cap rate of 9.79 percent and a 12.92 percent cash-on-cash return. The building is anchored by Lakeland Title, which occupies 23 percent of the property totaling 8,644 square feet and has been occupying the suite since 2012. The remaining space consists of smaller suites ranging from 348 to 2,610 square feet, a highly desirable size range that historically leases more quickly than larger footprints.

Five suites are currently vacant, creating immediate upside for a new owner. Upon stabilization at 95 percent occupancy, returns are projected to increase to an 12.21 percent Cap rate and a 19.85 percent cash-on-cash return. This combination of strong in place yield, leasing upside, and long-term appreciation potential makes 1300 Iroquois Avenue a compelling opportunity for both investors and owner users.