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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.
| DAYS ON MARKET | 82 | LAST UPDATED | 10/21/2025 |
|---|---|---|---|
| YEAR BUILT | 1930 | COMMUNITY | Naperville |
| COUNTY | DuPage | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Oct 21, '25 | $1,590,000 |
|---|---|
| Oct 21, '25 - Today | $1,400,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Naperville |
| CONSTRUCTION | Brick, Glass |
| LOT | 2614 sq ft |
| LOT DIMENSIONS | 21 X 132 |
| STORIES | 1 |
| TAXES | 28330 |
| ZONING | COMMR |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Coldwell Banker Real Estate Group
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of MRED. All real estate listings are marked with the Broker ReciprocitySM logo or the MRED Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.