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Value-Add Medical and Office | Chicago MSA 387 Shuman Blvd
111,062 SF 53% Leased 4-Star Office Building Naperville, IL 60563 $10,000,000 ($90/SF)
Investment Highlights
- 387 Shuman Boulevard is a fully renovated, Class A office property with a robust medical tenancy in a sought-after healthcare community.
- Prominent positioning along Interstate 88 with prime visibility and easy access, surrounded by a wealth of local amenities.
- Benefit from a sought-after Naperville location, recent capital improvements, and the value-add opportunities with strong in-place cash flow.
- Strategically located in an affluent Naperville neighborhood with low DuPage County taxes and proximity to Downtown Chicago.
Executive Summary
Naperville has experienced a boom in healthcare jobs and offers continued demand for office/medical space. Currently, half of the tenant base is medical, with the immediate potential to lease up the remaining 51,742 square feet of vacancy, moving the building to a pure medical investment over the mid- to long-term. Situated in DuPage County, the property greatly benefits from commercial property taxes that are generally significantly lower and more predictable than neighboring Cook County’s. Naperville is highly regarded as a premier suburban market and was #1 among the Best Cities to Raise a Family in America and #4 among The Best City to Live in America, according to rankings compiled by Niche.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Atrium
- Bio-Tech/ Lab Space
- Reception
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 150W
- 2,316 SF
- Office/Medical
- Full Build-Out
- Now
- 2nd Fl-Ste 202E
- 4,895 SF
- Office/Medical
- Full Build-Out
- Now
- 2nd Fl-Ste 208E
- 4,085 SF
- Office/Medical
- Full Build-Out
- Now
- 2nd Fl-Ste 230W
- 2,869 SF
- Office/Medical
- Full Build-Out
- Now
Great space for office or medical uses.
Large floor plan with 10 private offices available.
Ready to Move In
Ready to Move In. Partially Furnished.
This space can be used for office or medical use.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 150W | 2,316 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 202E | 4,895 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 208E | 4,085 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 230W | 2,869 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 235W | 4,373 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 300E | 25,592 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 320W | 1,043 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 325W | 1,651 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 340W | 5,620 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 150W
| Size |
| 2,316 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 202E
| Size |
| 4,895 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 208E
| Size |
| 4,085 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 230W
| Size |
| 2,869 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 235W
| Size |
| 4,373 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300E
| Size |
| 25,592 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 320W
| Size |
| 1,043 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 325W
| Size |
| 1,651 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 340W
| Size |
| 5,620 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 235W
| Size | 4,373 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Great space for office or medical uses.
3rd Fl-Ste 300E
| Size | 25,592 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Large floor plan with 10 private offices available.
3rd Fl-Ste 320W
| Size | 1,043 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Ready to Move In
3rd Fl-Ste 325W
| Size | 1,651 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Ready to Move In. Partially Furnished.
3rd Fl-Ste 340W
| Size | 5,620 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
This space can be used for office or medical use.
About Western East/West Corridor
Central Kane and Western DuPage counties are known for their quaint bed-and-breakfast inns and their charming downtowns. Slicing right through these two counties is the scenic Fox River, ripe with adjacent parks, bike paths, and dining options with small town charm. Besides biking and boating along the Fox River, residents and guests are known to explore the natural wonders at the Timber Ridge and Blackwell Forest Preserves; the Cosley Zoo; and Cantigny Park, the 500-acre former estate of Joseph Medill and his grandson Colonel Robert R McCormick, founder and publishers of the Chicago Tribune. These beautiful grounds are known for their gardens, golf, and the First Division Museum dedicated to U.S. military history over the past 100 years.
Plenty of work still gets done in the western portion of the East/West Corridor. Water solutions provider Ecolab’s 566,000-square-foot corporate office is Naperville, as is telecom provider Tellabs (353,000 square feet), and the divisional HQ for the grocer ALDI (271,000 square feet). The area is home to Northern Illinois University to the west and Wheaton College to the east, both with adjacent municipal airports. North of Naperville is the corporate office for outcome-based marketing company Epsilon (109,000 square feet).
The highly educated workforce in the western portion of the East/West Corridor is its number one draw for companies’ corporate and regional headquarters. For those who want to reach their business-to-business clientele face-to-face, the area employs over 9,000 financial and insurance professionals, over 8,000 scientific and technical workers, including lawyers, and over 8,000 employees in manufacturing professions.
DEMOGRAPHICS
Demographics
Nearby Amenities
Hospitals |
|||
|---|---|---|---|
| Edward Hospital | Acute Care | 10 min drive | 3.6 mi |
| Central Dupage Hospital | Acute Care | 12 min drive | 5.8 mi |
| Copley Memorial Hospital | Acute Care | 19 min drive | 9.4 mi |
| Advocate Good Samaritan Hospital | Acute Care | 17 min drive | 10.1 mi |
| Presence Mercy Medical Center | Acute Care | 18 min drive | 11.4 mi |
Retail |
||
|---|---|---|
| Primerica | Finance Company | In Building |
| Brown & Brown Insurance | Insurance | 6 min walk |
| Philadelphia Insurance Companies | Insurance | 6 min walk |
| Travelers | Insurance | 180 min walk |
| BMO | Bank | 8 min walk |
| Crème de la Crème | Daycare | 14 min walk |
| Edward Jones | Finance Company | 15 min walk |
Hotels |
|
|---|---|
| Residence Inn |
130 rooms
5 min drive
|
| Hyatt House |
123 rooms
5 min drive
|
| SpringHill Suites |
128 rooms
5 min drive
|
| Holiday Inn Express |
143 rooms
6 min drive
|
| Hyatt Place |
123 rooms
5 min drive
|
PROPERTY TAXES
| Parcel Number | 07-01-400-029 | Improvements Assessment | $950,430 |
| Land Assessment | $777,570 | Total Assessment | $1,728,000 |
PROPERTY TAXES
Sale Advisors
Sale Advisors
Jason St John, Founding Partner
Jason is active in a variety of charitable organizations, including Imerman Angels, a not-for-profit, one-on-on cancer fighter/survivor matching organization, where he has been an active board member for five years and previously served as its President of their Professionals Board. Jason grew up in both Michigan and Iowa. In his free time, Jason can be found on the golf course, pool, bike path, camping or hiking.
AJ Patel, Investment Associate
Born in Chicago and raised in Skokie, Illinois, AJ is an active participant in basketball, boxing, and golf. An avid music fan, AJ enjoys attending concerts and festivals in addition to reading and traveling. AJ also supports and gives time to Breakthrough Urban Ministry Chicago and CJE SeniorLife.
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Value-Add Medical and Office | Chicago MSA | 387 Shuman Blvd
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