List Search

123 Water St
Naperville, IL 60540 Downtown Naperville

$20,033 USD/MO

General Retail For Lease  •  4,808 SF

Property Details

  • Property Type General Retail
  • Year Built 2017
  • Total Building Size 75,000 SF
  • Tenancy Multiple
  • Building Class A
40 Transit Score
70 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste 105A & B Retail 4,808 SF $50.00 USD/SF/YR
Located in the heart of Downtown Naperville, this fully equipped, turnkey restaurant space offers a premium opportunity in one of Illinois’ most sought-after dining and retail corridors. Spanning approximately 4,808 SF, the interior features an open bar concept, elegant finishes, built-in wine displays, and thoughtfully designed seating areas to enhance the dining experience. The versatile layout supports both day-to-day operations and private events, with a 900 SF banquet room boasting a separate entrance, dedicated restrooms, and direct kitchen access. Patrons can also enjoy a spacious outdoor patio with seating for up to 64 guests overlooking the scenic Naperville Riverwalk. Positioned within the vibrant Water Street development, the property benefits from proximity to Hotel Indigo and more than 70 top-tier restaurants and 100 retailers in one of the most walkable trade areas in the Chicago suburbs. Free adjacent parking, excellent signage visibility on both façades, and strong co-tenancy create an ideal setting for hospitality operators looking for immediate market presence in a top-performing location.

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet

Description

The subject property at 123 Water Street in Naperville consists of ground-floor restaurant space totaling approximately 4,808 square feet, including a private dining area of roughly 900 square feet. The building was constructed in 2016 as part of the Water Street development and is currently configured for food and beverage use. The property offers outdoor seating along the Naperville Riverwalk and direct access to a structured parking facility across the street. Indoor seating is designed for 119 patrons, and exterior seating accommodates 64. The site is situated within downtown Naperville, a mixed-use district that includes hospitality, retail, and dining destinations and provides connectivity to major regional routes and commuter rail service.

Highlights

Located within the Water Street District, adjacent to Hotel Indigo and surrounded by high-end retail and dining destinations.
Built in 2016 as part of new construction development in Downtown Naperville.
Positioned in a major pedestrian-friendly corridor with over 70 restaurants and 100 stores within walking distance.
Prominent signage opportunities on both front (Water Street) and rear façades.

Property Flyers

Amenities

  • 24 Hour Access

Major Tenants

Tenant SF Occupied Lease End Date
Blue Sushi Sake Grill 11/30/2026
Elements at Water Street
Hotel Indigo Naperville Riverwalk By Ihg
Santo Cielo
Sixty Four

Public Transportation

Commuter RailDriveWalkDistance
Naperville Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min 17 min 0.9 mi
Route 59 Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra)) 13 min - 4.7 mi
AirportDriveWalkDistance
Chicago Midway International 42 min - 27.0 mi
Chicago O'Hare International 39 min - 28.4 mi
Christina Caton Kitchel 312-545-1035 Caton Commercial Real Estate Group
Christina Caton Kitchel 312-545-1035 Caton Commercial Real Estate Group