Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    221 Illinois St Wheaton, IL 60187

    For Sale
    $599,900

    Stunning Rehabbed Office, Prime Location

    Property size:
    4,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This beautifully renovated two-story office building at 221 W Illinois Street, Wheaton, IL, offers 4,000 square feet of prime commercial space. Situated on a 0.24-acre lot in the heart of Wheaton's downtown business district, this property enjoys exceptional walkability to a wide array of restaurants, businesses, and entertainment venues. The building boasts a traditional office layout with attractive hardwood floors throughout. A fully built-out basement, complete with windows, provides ample additional space. The main level features impressive 10-foot ceilings and a welcoming gas fireplace, creating a sophisticated and comfortable atmosphere. Recent upgrades include a newly seal-coated and striped 12-car private parking lot, ensuring convenient parking for tenants and visitors. Further enhancing energy efficiency and comfort are the recently installed newer HVAC units and double-pane casement windows with screens. This exceptional property presents a rare opportunity to acquire a meticulously maintained and updated office building in a highly desirable location. The asking price is $599,900. This is an ideal investment for businesses seeking a prestigious and functional space in the vibrant Wheaton community.

    Property Features for 221 Illinois St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,000 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1910
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Peregrine, Stime, Newman, ... Attorney Newman Thomas M Attorney Kay Robert T ... Attorney Ideas & Ink Interiors Interior Designer Cantigny Park Kitchen ... Kitchen Remodeler

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheaton
    County
    DuPage
    State
    Illinois
    Longitude
    -88.10922
    Latitude
    41.86228

    Nearby Similar for Sale

    • $750,000

      Wheaton Multifamily Investment Opportunity

      Four-unit multifamily property in Wheaton, Illinois, zoned C4.
      123 N West St, Wheaton, IL 60187
      View Details
    • $750,000

      Wheaton Multifamily Investment Opportunity

      Four-unit multifamily property in Wheaton, Illinois, zoned C4.
      127 N West St, Wheaton, IL 60187
      View Details
    • $408,900
      1,064 SF

      Well-Kept Office Space on Roosevelt

      Excellent visibility office space between Wheaton and Glen Ellyn.
      1825 E Roosevelt Rd, Wheaton, IL 60187
      View Details
    • $329,000
      1,676 SF

      Versatile Office Space in Wheaton

      Adaptable office space suitable for various professional businesses.
      721 E Roosevelt Rd, Wheaton, IL 60187
      View Details
    • $1,500,000

      Wheaton Multifamily Investment Opportunity

      Two buildings totaling 9 units in Wheaton, Illinois.
      921 N College Ave, Wheaton, IL 60187
      View Details
    • $215,000
      1,100 SF

      Updated Condo in Wheaton

      Updated 2-bedroom, 2-bath condo in desirable Wheaton location.
      850 Lorraine Rd, Wheaton, IL 60187
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Stunning Rehabbed Office, Prime Location
    Where is this office property / space located?
    The property is located at 221 Illinois St Wheaton, IL.
    What is the asking price?
    The asking price for this property is $599,900.
    (312) 676-1866
    Request Owner's contact information
    221 Illinois St Wheaton, IL 60187
    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.
    221 Illinois St
    Wheaton, IL 60187
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    221 Illinois St Wheaton, IL 60187
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.