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    1000 Geneva Rd Wheaton, IL 60187

    Sponsored
    For Sale
    $2,600,000

    Class A Retail Space, High Traffic Area

    Property size:
    8,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail property, located at 1000 Geneva Rd in Wheaton, IL, presents a unique investment opportunity. The 8,850 square foot building, constructed in 2008, is situated on a prominent corner lot at the southwest corner of Geneva and Gary Roads, boasting excellent visibility and signage potential. This single-story building previously housed American Enterprise Bank and features a drive-through, ample parking (40+ spaces), and dual access points. The interior showcases high-quality finishes including polished stone flooring, recessed lighting, high ceilings, four glass-walled offices, multiple teller spaces, a breakroom with a sink, and two bathrooms. The property benefits from a high-traffic location with approximately 20,000 vehicles passing daily. Strong demographics further enhance its appeal, with a 2023 5-mile population of 243,593, an average 5-mile household income of $124,971 (and a 1-mile average household income of $151,885), and annual consumer spending totaling $3.2 billion. The asking price for this exceptional retail space is $2,600,000. This property is ideal for a variety of retail uses, offering a blend of functionality and prime location in a thriving community. The floor-to-ceiling windows provide abundant natural light, creating a welcoming and inviting atmosphere. The property's size and features make it suitable for a range of businesses seeking a high-profile location in a densely populated area with significant consumer spending.

    Property Features for 1000 Geneva Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    8,850 SF
    Class
    A

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1

    HighLights

    • 2,600 SF bank building in Wheaton, IL, built in 2008.
    • Corner lot with dual access and 40+ parking spaces, including drive‑thru.
    • High‑end finishes, including polished stone flooring, recessed lighting, and glass‑walled offices.
    • High‑traffic location (20,000+ vehicles/day) with strong demographics: 243,593 population within 5 miles, $124,971 average 5‑mile household income, and $3.2B annual consumer spending.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wheaton
    County
    DuPage
    State
    Illinois
    Longitude
    -88.121602938752
    Latitude
    41.887837535924

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    FAQs

    What type of property is this?
    Lifestyle center - Class A Retail Space, High Traffic Area
    Where is this lifestyle center located?
    The property is located at 1000 Geneva Rd Wheaton, IL.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: 2,600 SF bank building in Wheaton, IL, built in 2008.; Corner lot with dual access and 40+ parking spaces, including drive-thru.; High-end finishes, including polished stone flooring, recessed lighting, and glass-walled offices.
    Request Owner's contact information
    1000 Geneva Rd Wheaton, IL 60187
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    Wheaton, IL 60187
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    Realmo Value Estimation

    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.

    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.

    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
    1000 Geneva Rd Wheaton, IL 60187
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