Character-Filled Office
For Sale
$345,000
422 W Wesley St, Wheaton, IL 60187
Two-level office property with shared conference, waiting, and restroom areas plus on-site parking.
Property Size1,144 SF
Price / SF$301.57
Days on Market72
Property Features for 422 W Wesley St
General Information
Standard status
Active
Size
1,144 SF
Building Details
Year Built
1906
Listing Agency:
RE/MAX Cornerstone
Listed By:
Cindy Banks · License #475123450
(630) 533-5900
Source:
Amyboston.realtopiare
Added: Aug 6
Changed: Oct 3
Last Checked: Oct 16 at 1:52PM
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 RE/MAX Cornerstone
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Investment Insights
Based on property information with market context.
This office building dates to 1906 and retains original woodwork, stained glass doors, and a wood staircase connecting the lower and upper levels. The layout includes office areas on both floors, with shared conference, waiting, and restroom spaces supporting day-to-day operations. On-site parking is also provided.
The property is located at 422 W Wesley St in Wheaton, Illinois, near the Metra train, public transportation, and downtown amenities. A 24-hour notice is required for all showings.
The property is located at 422 W Wesley St in Wheaton, Illinois, near the Metra train, public transportation, and downtown amenities. A 24-hour notice is required for all showings.
Key Highlights
- Office building at 422 W Wesley St, Wheaton, IL 60187
- Built in 1906 with original woodwork and stained glass doors
- Office areas arranged across lower and upper levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,774
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,480
$315.5K
Cap Rate 7%
$225,343
$225.3K
Cap Rate 9%
$175,267
$175.3K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$28.0K $24.48/SF
− Vacancy
−$7.0K −$6.10/SF
EGI
$21.0K $18.38/SF
− OpEx
−$5.3K −$4.60/SF
NOI
$15.8K $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%
$315,480
Cap Rate 7%
$225,343
Cap Rate 9%
$175,267
Alternative Uses
Best Use
Office B
$225.3K
$197.2K – $262.9K
NOI $15,774 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.0K
$345.6K – $460.8K
NOI $27,648 @ 7.0% cap · market cap 8.01%
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
1,828
Businesses Nearby
Explore this area
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two-level office property with shared conference, waiting, and restroom areas plus on-site parking.
Where is this office building located?
The property is located at 422 W Wesley St Wheaton, IL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Office building at 422 W Wesley St, Wheaton, IL 60187; Built in 1906 with original woodwork and stained glass doors; Office areas arranged across lower and upper levels
