Medical Office
1604 N Main St., Wheaton, IL 60187
For Sale
Contact for pricing
The Wheaton property is offered for sale as an office asset.
Property Size3,120 SF
Price / SF$451.92
Days on Market53
Property Features for 1604 N Main St.
General Information
Standard status
Size
Property subtype
Additional Details
Cap Rate
Listing Agency:
Quantum Real Estate Advisors
Listed By:
Dan Sanfilippo · License IL #475218594
Source:
Crexi
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 8 at 6:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Quantum Real Estate Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office property at 1604 N. Main St. in Wheaton, Illinois, contains 3,120 square feet. It is offered for sale with a stated 6.05% cap rate.
Key Highlights
- 3,120 square feet of medical office space
- 6.05% cap rate
- Located at 1604 N. Main St. in Wheaton, Illinois
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,020
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,400
$860.4K
Cap Rate 7%
$614,571
$614.6K
Cap Rate 9%
$478,000
$478.0K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$76.4K $24.48/SF
− Vacancy
−$19.0K −$6.10/SF
EGI
$57.4K $18.38/SF
− OpEx
−$14.3K −$4.60/SF
NOI
$43.0K $13.79/SF
Area
DuPage County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,400
Cap Rate 7%
$614,571
Cap Rate 9%
$478,000
Alternative Uses
Best Use
Office B
$614.6K
$537.8K – $717.0K
NOI $43,020 @ 7.0% cap · market cap 3.05%
Second Best
Healthcare Medical
$590.5K
$516.7K – $688.9K
NOI $41,334 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$850.8K
$744.4K – $992.6K
NOI $59,553 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 60187, IL
30,059
Population
10,619
Households
2.8
Avg Household Size
37
Median Age
62%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
4,554
Density / Sq Mi
$119,048
Median Household Income
$49,625
Median Earnings
$1,744
Median Rent
$432,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Medical Office Space in DuPage County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The Wheaton property is offered for sale as an office asset.
Where is this medical office space located?
The property is located at 1604 N Main St. Wheaton, IL.
What is the asking price?
The asking price for this property is $1,410,000.
What are key features of this property?
This property features: 3,120 square feet of medical office space; 6.05% cap rate; Located at 1604 N. Main St. in Wheaton, Illinois
