402 Roosevelt RdWheaton, IL 60187

  • Commercial real estate
  • 3,864 SF
For Sale
$449,900 View listing

Property Details for 402 Roosevelt Rd

Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.41 AC
Property size (Sq ft)
3,864 SF
Zone code
C
Property type
Commercial real estate
APN
05-21-200-013
APU
521200013

Description

This charming two-story, 5,260 square foot office building is situated on a prominent Roosevelt Road location in Wheaton, Illinois. Boasting excellent visibility with 24,900 vehicles passing daily, this property presents a compelling investment or owner-user opportunity. Currently 60% leased with multiple long-term tenants, the building features a recently updated roof (2022) and repaved parking lot (2023). The ample 30-space private parking lot adds significant value. Each suite/office is equipped with a buzzer and intercom system. Tenants are responsible for their own phone and internet services. The property sits on an 11,000 square foot lot and is zoned O-R. The building was constructed in 1950. Its convenient location offers proximity to downtown Wheaton and its amenities. Property taxes are projected to be $12,998 for 2024. This well-maintained building presents a strong investment opportunity with a desirable location and recent improvements. The APN is 0521200013.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $798,588
    Hospitality
    $731,502
    Educational
    $608,601
    Medical
    $629,532
    Retail
    $946,713

Location Insight

City
Wheaton
County
Dupage
State
Illinois
Latitude
41.8584
Longitude
-88.1009
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
$13,109
$75,630
$118,350
$193,980
-
$226,890
$355,050
$581,940

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