Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    175 N Washington Street Wheaton, IL 60187

    View on Map
    For Sale
    Under Contract
    $679,000

    COMMERCIAL - Wheaton, IL

    Lot size:
    0.11 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 175 N Washington Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    0516222006
    Lot size
    0.11 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    11504

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1973
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick

    We can help!

    Listing Contact
    Charles McCann

    Listing agent Charles McCann License #475158020

    Listing office Keller Williams Premiere Properties 580 Duane St, Glen Ellyn, IL

    Listing date Jan 26, 2026

    MLS# 12555219

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wheaton Mixed-Use Investment Opportunity

    This two-unit property in Wheaton features a mix of office, retail, and residential space. The first floor, zoned C3 Multi-use, is suitable for a mid-sized company and includes a flexible floor plan and kitchenette. The second floor contains a residential apartment with 3 bedrooms and 2 bathrooms. The property is located within walking distance of the Metra station and near the Wheaton College campus. The location offers advertising potential, with visibility to over 10,000 commuters daily on the West line.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ABC Maintenance (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wheaton
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1009065
    Latitude
    41.866244

    Nearby Similar for Sale

    • $399,900

      Well-Kept Office Space on Roosevelt

      Former dental office with high visibility and traffic count.
      1825 E Roosevelt Road, Wheaton, IL 60187
      View Details
    • $602,400

      Professional Office Suite For Sale

      Well-appointed office suite near DuPage County complex and hospital.
      400 Knoll Street unit: C, Wheaton, IL 60187
      View Details
    • $349,900

      Versatile Commercial Building in Wheaton

      Warehouse-style building with office space, loading dock, and ample parking.
      927 W Liberty Drive, Wheaton, IL 60187
      View Details
    • $825,000

      Wheaton Retail Opportunity

      Commercial property for sale in Wheaton, Illinois.
      117 W Wesley Street, Wheaton, IL 60187
      View Details
    • $850,000

      Wheaton Commercial Property For Sale

      Commercial property for sale in Wheaton, Illinois.
      121 W Wesley Street, Wheaton, IL 60187
      View Details
    • $350,000
      1,400 SF

      Wheaton Office Space For Sale

      Office property with 1400 square feet of space.
      620 Roosevelt Road, Wheaton, IL 60187
      View Details
    • $2,595,000
      14,630 SF

      Leased Retail Strip For Sale

      Fully leased retail strip with investment grade anchor tenant.
      820 E Roosevelt Rd, Wheaton, IL
      View Details
    • $350,000
      1,400 SF

      Office Space on Roosevelt Road

      Office space for sale with excellent exposure on Roosevelt Road.
      600 W Roosevelt Rd, Wheaton, IL
      View Details
    • $1,050,000
      8,800 SF

      Professional Office Building Near Wheaton

      Two-story brick building suitable for medical or professional offices.
      122 S County Farm Rd, Wheaton, IL
      View Details
    • Contact for pricing
      2,770 SF

      Wheaton Office Condo For Sale

      Office condo near DuPage County Courthouse with private offices.
      400 Knoll St, Wheaton, IL
      View Details
    • Contact for pricing

      New KinderCare Lease in Wheaton

      New 15-year KinderCare lease in affluent Chicago suburb.
      250 Roosevelt Road, Wheaton, IL 60187
      View Details
    • $5,500,000
      17,965 SF

      Wheaton Retail Property For Sale

      Fully leased retail property with strong annual rent increases.
      1403 N Main St, Wheaton, IL 60187
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-unit property with commercial and residential spaces near Metra.
    Where is this mixed-use property located?
    The property is located at 175 N Washington Street Wheaton, IL.
    What is the asking price?
    The asking price for this property is $679,000.
    What are key features of this property?
    This property features: C3 Multi‑use zoning offers flexibility for office, retail, or residential use on the first floor.; Walking distance to the Metra station and Wheaton College campus.; Second floor features a 3 bed/2 bath residential apartment.
    (630) 545-9860
    We can help!
    Listing Contact
    Charles McCann
    Real Estate License ID: 475158020
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!