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Ryan R. Marshall Of PulteGroup Purchases 32 Acre Development Site In Naperville For $14M

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SOLD
$14,000,000

Illinois

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Development Site
Sold 06/03/2026
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Property Image
SOLD

Ryan R. Marshall Of PulteGroup Purchases 32 Acre Development Site In Naperville For $14M

75th Street

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Development Site
Sold 06/03/2026
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Development Site
Transaction Type:Sale

A 32-acre development site located on the South Side of 75th Street in Naperville, IL, has been placed under contract for $14,000,000. The property is currently undeveloped, and the buyer, PulteGroup, plans to build a 94-unit duplex development called Naperville Ridge. The purchase price exceeds the property’s appraisal of $10.8 million.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $14,000,000
  • Buyer: Ryan R. Marshall - PulteGroup
  • Seller: Paul May - DuPage Water Commission
  • Location: South Side of 75th Street, Naperville, IL
  • Acres: 32

The transaction has faced local opposition due to environmental concerns, although the project includes designated conservation areas. The involvement of the DuPage Water Commission indicates a significant public utility's role in the sale of the land to a residential developer.

Players

RM
Ryan R. Marshall
7 deals$229.3M volume
BUYER

Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: Ryan R. Marshall & Paul May DATE: 06/03/2026 ADDRESS: South Side of 75th Street MARKET: Naperville, IL ASSET TYPE: Development Site ~ ACRES: 32 BUYER: Ryan R. Marshall - PulteGroup (@PulteHomes) SELLER: Paul May - DuPage Water Commission PRICE: $14,000,000 NOTE: The DuPage Water Commission is set to sell a 32-acre undeveloped Naperville site to Pulte Home Company for $14 million, with the buyer planning a 94-unit duplex development called Naperville Ridge.The deal has drawn local opposition due to environmental concerns, even as the project includes designated conservation areas and the purchase price comes in above the property’s $10.8 million appraisal.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$746,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71