520 Roosevelt RdWheaton, IL 60187

Property Details for 520 Roosevelt Rd

Year built

1986

Lot size

0.22 AC

Property size (Sq ft)

4,737 SF

Zone code

C

Property type

Office buildings

APN

05-20-205-048

APU

520205048

Description

This exceptional free-standing office building at 520 W Roosevelt Road in Wheaton, IL presents a compelling investment opportunity for both owner-occupiers and investors. Boasting 6,312 square feet on a 0.22-acre lot, this property enjoys a highly desirable location within walking distance of the Metra station and Wheaton's downtown area. The building is in excellent condition, having undergone recent updates within the past year, including a new deck and railing, and a complete exterior repainting. The interior offers ample space for various office and administrative uses, along with substantial storage areas. The property includes nine individual units, plus a garden unit that can be easily subdivided into three separate units, providing significant flexibility and potential rental income. Abundant exterior parking is available for tenants and visitors. This is a rare opportunity to acquire a well-maintained, strategically located office building in a thriving community. The motivated seller is eager to find the right buyer. The asking price is $650,000.

• CAP approach

  CAP return

  Valuation

  6%

  $855,322

  6.5%

  $789,528

  7%

  $733,133

• Comparable approach

  Method

  Valuation

  Relative Method

  $480,915

  Geo Method

  $616,994

• Alternative Use

  Use

  Valuation

  Residential

  $979,014

  Hospitality

  $896,772

  Educational

  $746,104

  Medical

  $771,763

  Retail

  $1,160,606

Location Insight

City

Wheaton

County

Dupage

State

Illinois

Latitude

41.8583

Longitude

-88.1137

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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