131 – 133 S Washington Street is a historic, mixed-use building in the heart of Downtown Naperville, IL. Recently vacant, the first-floor retail and second-floor apartments were all renovated to attract higher-paying tenants.
Built in 1875, the two-story building has benefited from its central location near the corner of Washington and Jefferson Streets in the downtown area of Illinois’s third largest city. The property is less than two blocks from the city’s “Crown Jewel”: the heavily visited Naperville Riverwalk.
131 – 133 S Washington Street was marketed to a wide range of national and local buyers—investors and owner/users—and was able to garner several offers within weeks. Given its location and recent modern upgrades, Brookline was able to procure a strong local buyer with aspirations of investing in the community. The property eventually closed at 93% of asking price.
The new owner plans to open a bakery in the first-floor retail space, and we look forward to their long success. Contact us for details on how we can help you find success in your commercial real estate endeavors.