Ken's Naperville Real Estate Blog : Naperville Investors: 420-436 Washington, Naperville IL 60540

Naperville Investors: 420-436 Washington, Naperville IL 60540

If you live in or around Naperville, Illinois, you have probably noticed the building located at 420-436 Washington Street, just steps from the center of Downtown Naperville...

 

420 Washington, Naperville-The front view of 420 Washington Avenue...

 

My first reaction upon seeing the building was, "What the heck is that thing doing here?"

The building has been vacant for several years, and it shows.  Weeds overwhelm the building...  

Many of the windows are boarded up, and garbage is accumulating...

420 Washington, Naperville
-This north side of the property shows the poor condition... 

 

The property needs work, inside and out...

420 Washington, Naperville
-This picture was taken through a front window...

 

Despite the condition of the property, a thought keeps coming back to me...

"What an incredible location!"

The property is located on Washington Avenue, just steps from central downtown...

420 Washington, Naperville
-Cars pass 420 Washington Avenue day and night...

 

It is located alongside the West Branch of the DuPage River...

420 Washington
-This bridge over the DuPage River as seen from the parking lot...

 

With water on two sides...

420 Washington, Naperville
-This view of the property was taken from across the river...

 

North Central College is located directly behind the property...

420 Washington, Naperville
-The bleachers of North Central's Wehrli Stadium can be seen from this view...

 

The parking lot is adequately sized... 

420 Washington, Naperville
-The parking lot on the property from the back of the building...

 

And what business wouldn't want the exposure this location would bring?

420 Washington, Naperville
-The building is located at one of Naperville's busiest intersections...

 

This property is for sale, listed as a short sale.  It is currently zoned as a three story building, with a space for a restaurant on the first floor and office/condo space above...

I have several business ideas for the property, but am open to any and all ideas to put this potentially great property to good use.

I have made preliminary inquiries with a builder regarding costs of construction, I have spoken with mortgage brokers about financing, and I contacted a member of Naperville's city council inquiring about potential zoning issues.

As a Naperville Realtor working in the city since 2005, I have experience listing, selling and closing Naperville short sales.  Before becoming a real estate agent, I was involved in the financial services industry for over 15 years...

I am excited about this opportunity to help the city of Naperville.  The people are tired of looking at the building, and the property is a blight on the downtown...

I am also excited about the financial opportunity that exists.  Location, location, location...

I will need help. 

If you are interested in discussing this property or it's potential further, please call me anytime at 630-697-0536 or email me at Ken@KensFeaturedHomes.com.

I would love to hear your ideas...

Ken

 

Read these related articles:

"Chasing a Dream:  The Naperville Scooter Store"
"Building Memories:  420-436 Washington St."


420 Washington, Naperville

 

 

Comment balloon 0 commentsKen Tracy • November 01 2012 06:14AM

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