Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    316 W Roosevelt Rd Wheaton, IL 60187

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18 SF/Yr ($1,050 /Mo)

    Three-story office building with excellent exposure and free parking.

    Property size:
    700 SF
    Lot size:
    0.34 Acres

    Property Features for 316 W Roosevelt Rd

    General Information

    Size
    700 SF
    Lot size
    0.34 Acres

    We can help!

    Listing Contact
    Rawly Lantz, Sior
    Source: Moodyscre

    Listing Agent: Rawly Lantz, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office Building on Roosevelt Road

    This is a three-story office building offering excellent exposure on Roosevelt Road. Free surface parking is available. The property is located in close proximity to I-355 and I-88. The property size is 700 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Janice L. Jones, ... Social Worker Charles Meek Bus Station Issam Y. Smeir, ... Counselor Mosaic Counseling LLC Mental Health Clinic First Steps Psychology ... Mental Health Service

    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
    -88.1105348
    Latitude
    41.8584041

    Nearby Similar for Lease

    • Contact for pricing

      Corner Office with Natural Light

      Office space with 24-hour access and included utilities.
      124 S County Farm Rd, Wheaton, IL 60187
      View Details
    • Contact for pricing

      Retail Space in Downtown Wheaton

      Prime retail space with high visibility and strong foot traffic.
      210 N Main St, Wheaton, IL 60187
      View Details
    • Contact for pricing
      4,356 SF

      Downtown Wheaton Class A Office

      Class A office space in the heart of downtown Wheaton.
      221 W Front St, Wheaton, IL 60187
      View Details
    • New
      Contact for pricing

      Downtown Wheaton Office Space Available

      Bright office space in downtown Wheaton near Metra station.
      107 N Hale St, Wheaton, IL 60187
      View Details
    • $2,499 /Mo

      Renovated Apartment with Resort Amenities

      Spacious 3-bedroom apartment with modern amenities in Wheaton, IL.
      69 Kensington Cir, Wheaton, IL 60189
      View Details
    • $2,499 /Mo

      Renovated Apartment with Resort Amenities

      Spacious 3-bedroom apartment with modern amenities in a prime location.
      66 Sterling Cir, Wheaton, IL 60189
      View Details
    • $2,499 /Mo

      Renovated Apartment with Modern Amenities

      Spacious 3-bedroom apartment with resort-like amenities in Wheaton, IL.
      91 Kensington Cir, Wheaton, IL 60189
      View Details
    • $2,499 /Mo

      Renovated Apartment with Resort Amenities

      Spacious 3-bedroom apartment with modern amenities in Wheaton, IL.
      60 Sterling Cir, Wheaton, IL 60189
      View Details
    • $2,199 /Mo

      Wheaton Apartment with Modern Amenities

      Resort-like community featuring renovated apartments and luxurious amenities.
      77 Kensington Cir, Wheaton, IL 60189
      View Details
    • $1,949 /Mo

      Renovated Apartment with Resort Amenities

      Spacious 1 bed, 1 bath apartment with in-unit laundry.
      45 Kensington Cir, Wheaton, IL 60189
      View Details
    • $2,499 /Mo

      Renovated Apartment with Modern Amenities

      Spacious 3-bedroom apartment with resort-like amenities in Wheaton, IL.
      54 Sterling Cir, Wheaton, IL 60189
      View Details
    • $3,078 /Mo

      Renovated Apartment with Resort Amenities

      Spacious 3-bedroom apartment with modern amenities in a prime location.
      39 Kensington Cir, Wheaton, IL 60189
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story office building with excellent exposure and free parking.
    Where is this office building located?
    The property is located at 316 W Roosevelt Rd Wheaton, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Excellent exposure on Roosevelt Rd; - Free surface parking available; - Close proximity to I-355 & I-88
    (630) 886-3069
    Request Owner's contact information
    316 W Roosevelt Rd 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.
    316 W Roosevelt Rd
    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 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
    316 W Roosevelt Rd 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rawly Lantz, Sior
    (630) 886-3069
    Learn more
    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.