High-Visibility Office
New
For Sale
$800,000
520 W Roosevelt Rd, Wheaton, IL 60187
Office property with dedicated off-street parking and flexible month-to-month leases.
Property Size4,737 SF
Price / SF$168.88
Days on Market6
Property Features for 520 W Roosevelt Rd
General Information
Standard status
Active
Size
4,737 SF
Site & Location
Traffic Count
31,000 vehicles/day
Public Transit
Yes
Building Details
Year Built
1986
Tenancy
Multi
Listing Agency:
MUV Real Estate
(312) 599-6505
Listed By:
Soharb Khan
Source:
Bktchicago
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 26 at 7:37AM
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 MUV Real Estate
Investment Insights
Based on property information with market context.
Built in 1986, this office property at 520 W Roosevelt Road offers a well-maintained commercial setting with recent mechanical, interior, and exterior improvements. The building includes dedicated private off-street parking, supporting convenient access for clients, staff, and visitors. Existing leases are structured on a month-to-month basis, providing flexibility for continued occupancy or future reconfiguration.
The property fronts Roosevelt Road, also identified as Route 38, with exposure to more than 31,000 VPD. It is within walking distance of Downtown Wheaton, the Metra Station, local dining, and nearby commercial hubs. The property is zoned OFFIC and is offered for sale.
The property fronts Roosevelt Road, also identified as Route 38, with exposure to more than 31,000 VPD. It is within walking distance of Downtown Wheaton, the Metra Station, local dining, and nearby commercial hubs. The property is zoned OFFIC and is offered for sale.
Key Highlights
- Office property at 520 W Roosevelt Road, Wheaton, IL 60187
- Roosevelt Road exposure with over 31,000 VPD
- Dedicated private off‑street parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,750
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,315,000
$1.3M
Cap Rate 7%
$939,286
$939.3K
Cap Rate 9%
$730,556
$730.6K
Market Conditions
NOI Build-Up for 4,737 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$102.3K $21.60/SF
− Vacancy
−$8.4K −$1.77/SF
EGI
$93.9K $19.83/SF
− OpEx
−$28.2K −$5.95/SF
NOI
$65.8K $13.88/SF
Area
DuPage County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,315,000
Cap Rate 7%
$939,286
Cap Rate 9%
$730,556
Alternative Uses
Best Use
Retail
$939.3K
$821.9K – $1.10M
NOI $65,750 @ 7.0% cap · market cap 8.22%
Second Best
Office B
$933.1K
$816.4K – $1.09M
NOI $65,315 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,483 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
31,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,753
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property with dedicated off-street parking and flexible month-to-month leases.
Where is this office building located?
The property is located at 520 W Roosevelt Rd Wheaton, IL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Office property at 520 W Roosevelt Road, Wheaton, IL 60187; Roosevelt Road exposure with over 31,000 VPD; Dedicated private off‑street parking lot
