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Naperville 60563 Railway Plaza
540 Weston Ridge Drive
$635,000
● Land - Off Market

540 Weston Ridge Drive

Naperville, IL 60563
bedrooms
Studio
bathrooms
0 Bath
$5,831
Est. Monthly
-0.31%
Cap Rate

About This Property

Vacant lot ripe for development! This Naperville 74,000 square foot site is well suited for numerous commercial uses and possible residential. Located off of high-traffic count North Aurora Road, and within proximity of the Metra commuter line station, the parcel offers a convenient location for office use, specialty retail, medical, etc. Zoned B-3 PUD (general commercial district) permits the widest range of commercial based uses for the municipality. Zoning permits a floor area ratio (FAR) at 0.325:1. The off street parking requirements varies based on usage.  Current use is as a parking lot.
Unit Size
-
Days on Market
-
Land Size
1.70 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,171
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11699465)

Price History

Date / Event Date Event Price
Mar 8, 2024 Sold
Premium
Sold
Jan 11, 2023 Listed by L & B All Star Realty Advisors LLC $949,000
Listed by L & B All Star Realty Advisors LLC

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 74,052
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: RAILWAY PLAZA
  • Land Acres: 0000001700
  • Standard Land Use Code: 2000
  • County Land Use Code: C
  • Legal Description 1: RAILWAY PLAZA COMMERCIAL ALL

Neighborhood

  • School District Name: Indian Prairie Community Unit School District 204
  • School Tax School District: DISTRICT 204
  • Census Tract: 846405

Zoning

  • Zoning: C

Geography

  • Assessors Map Reference: 3140-B4
  • Parcel: 07-16-201-020
  • Lot: 8
  • Municipality: NAPERVILLE
  • Latitude: 41.7803
  • Longitude: -88.2129

    Address

  • Full Address: 540 Weston Ridge Dr
  • Address - House Number: 540
  • Address - Street Name: Weston Ridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Naperville
  • Zip Code: 60563

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,448,146
  • Initial Tax Delinquent Year: 2016
  • Tax Rate Code Area: 7030

    Market Valuation

  • Market Total Value: $635,700
  • Market Land Value: $522,390
  • Market Improvement Value: $113,310

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $211,900
  • Assessed Land Value: $174,130
  • Assessed Improvements Value: $37,770

    Sales

  • Current Sale Contract Date: Jan 27, 2011
  • Current Sale Recording Date: Feb 18, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2011-025030
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Railway Plaza

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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MRED

Listed by: Randall Ferino, L & B All Star Realty Advisors LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11699465
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 540 Weston Ridge Drive built and last sold?
The property at 540 Weston Ridge Drive was built in and last sold on Jan 27, 2011 for $720,000.
How much is this home worth?
The estimated value of the home located at 540 Weston Ridge Drive is $0.
What are some comparable homes to 540 Weston Ridge Drive?
There are currently no comparable homes to 540 Weston Ridge Drive.
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