224 S Main Street — Naperville, IL 60540
Active
▼ $190,000
Naperville, IL 60540

224 S Main Street

$1,400,000
0 beds · 0 baths
$190,000 below original 275 days on market $28,330/yr taxes
01About this home

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.

03By the numbers
$1,400,000
List price
Square feet
Bedrooms
Bathrooms
1930
Year built
Lot size
Garage spaces
$28,330
Annual taxes
Retail/Stores
Style
275
Days on market
04Features
Cooling
Central Air
Construction
BrickGlass
05Neighborhood
  • La Mom Kitchen 150 ft
  • Allegory 150 ft
  • Jin 28 150 ft
  • Sweetgreen 150 ft
  • Ramsay's 150 ft
  • Everdine's Grilled Cheese Co. 200 ft
  • Shell 0.4 mi
  • Mobil Mart 0.9 mi
  • BP Shop 0.9 mi
  • Jewel-Osco 1.0 mi
  • Fresh Thyme 1.1 mi
  • Marathon 1.2 mi
  • Central Park 900 ft
  • Joseph Naper Homestead Park 0.3 mi
  • Fredehagen Park 0.3 mi
  • Riverwalk Park 0.4 mi
  • Sally Benton Park 0.5 mi
  • Burlington Square Park 0.5 mi
  • Starbucks 100 ft
  • Elite Boba 200 ft
  • Bistro du Bouchard 450 ft
  • Sweetwaters Coffee & Tea 650 ft
  • Sparrow Coffee 700 ft
  • Riverwalk Eatery 0.3 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Oct 27, 2025
Price reducedThis listing
Coldwell Banker Real Estate Group
$1,400,000
−$190,000
Aug 8, 2025
Listed for saleThis listing
Coldwell Banker Real Estate Group
$1,590,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

Stand in the kitchen.
See the light at 4pm.

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09Similar homes
Listed by Coldwell Banker Real Estate Group · Bruce Meyer · 630-220-9297
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12441003
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