650 Roosevelt RdGlen Ellyn, IL 60137

  • Retail space
  • 7,450 SF
For Lease

Property Details for 650 Roosevelt Rd

Year built
1968
Lot size
1.15 AC
Property size (Sq ft)
7,450 SF
Zone code
C
Property type
Retail space
APN
05-14-419-035
APU
514419035

Description

This exceptional retail property at 650 Roosevelt Road in Glen Ellyn, Illinois, 60137 offers a fantastic opportunity for businesses seeking flexible space in a vibrant location. The property features multiple tenancy options, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 15,000 square feet. Currently, there are 7,000 square feet of vacant space available, presenting a unique chance to establish or expand your retail presence. The property's address is conveniently located on Roosevelt Road, offering excellent visibility and accessibility for customers. This prime retail space is ideal for a variety of businesses seeking a high-traffic location in a thriving community. The property's location in Glen Ellyn, Illinois provides access to a strong local market and a diverse customer base. The flexible space options allow for customization to suit individual business needs, making it an attractive proposition for both established businesses and new ventures. This is a rare opportunity to secure a prominent retail space in a desirable location. Don't miss out on this chance to establish your business in a thriving community. Contact us today to learn more about this exceptional retail opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,977,423
    6.5%
    $1,825,314
    7%
    $1,694,934
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,905,996
    Geo Method
    $2,445,314
  • Alternative Use

    Use
    Valuation
    Residential
    $1,539,720
    Hospitality
    $1,410,376
    Educational
    $1,173,416
    Medical
    $1,213,772
    Retail
    $1,825,314
650 Roosevelt Rd, Glen Ellyn, Illinois

Location Insight

City
Glen Ellyn
County
Dupage
State
Illinois
Latitude
41.8602
Longitude
-88.0604
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$36,956
$212,930
$275,170
$488,100
-
$638,790
$825,510
$1,464,300

FAQs

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