Building Details

Year Built 1986

Tenancy Multi

Listing Agency: MUV Real Estate

Listed By: Soharb Khan Show Phone

Source: Searchillinoishomesforsale

Added: Aug 17 Changed: Oct 10 Last Checked: Oct 12 at 8:15PM

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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.

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 / Yr

$65,750

Cap Rate

8.22%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $65,750 @ 7.0% cap · market cap 8.22%

Second Best

Office B

$933.1K

$816.4K – $1.09M (±1% cap)

NOI $65,315 @ 7.0% cap · market cap 8.16%

Theoretical Best

Office A

$1.64M

$1.43M – $1.91M (±1% cap)

NOI $114,483 @ 7.0% cap · market cap 14.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Hegemony Inc (Bike/Boat/Book/etc) Store Hirsch Law Group Law Firm The Compass Church - Wheaton ... Church Baker Chiropractic & Acupuncture ... Medical Clinic Nancy Baker, DC Alternative Medicine Practice

Suggested Use

Top Pick Pharmacy Furniture & Home Goods Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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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