515 Roosevelt RdGlen Ellyn, IL 60137

Property Details for 515 Roosevelt Rd

Year built

1963

Construction

BRICK

Lot size

1.30 AC

Property size (Sq ft)

6,702 SF

Property type

Retail space

APN

05-23-104-041

APU

523104041

Description

This exceptional Class A retail property, built in 2022, boasts 12,000 square feet on 1.3 acres of land in the thriving Glen Ellyn, IL market. Located at 515 Roosevelt Rd, at the highly visible southeast corner of Roosevelt Road and Main Street, this multi-tenant building offers two available spaces ranging from 2,000 to 4,600 square feet, ideal for a variety of restaurant or retail concepts. Currently home to Oberweis, Woodgrain Neapolitan Pizzeria, and That Burger Joint, the property benefits from a strong existing tenant base. The site enjoys exceptional visibility and accessibility, with 60 parking spaces available for customers and employees. The property is situated directly across from a major retail center anchored by Jewel-Osco, Ross Dress for Less, Staples, and Goldfish Swim School, ensuring high foot traffic and brand synergy. The intersection sees a daily traffic count of 48,485 vehicles. The surrounding area demonstrates strong demographics, with an average household income of $143,962 within a 2-mile radius and $124,977 within a 5-mile radius. Population figures within these radii are 53,888 and 250,615 respectively, complemented by robust daytime employment numbers of 21,189 and 212,646. The property is zoned commercial and has an annual tax cost per square foot of $4.80. No elevators are present. This prime location presents a unique investment opportunity with significant potential for growth and return.

• CAP approach

  CAP return

  Valuation

  6%

  $1,778,885

  6.5%

  $1,642,047

  7%

  $1,524,758

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,714,629

  Geo Method

  $2,199,798

• Alternative Use

  Use

  Valuation

  Residential

  $1,385,128

  Hospitality

  $1,268,770

  Educational

  $1,055,602

  Medical

  $1,091,906

  Retail

  $1,642,047

Location Insight

City

Glen Ellyn

County

Dupage

State

Illinois

Latitude

41.8587

Longitude

-88.0669

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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