This exceptional retail property, located at 2031 N Gary Ave in Wheaton, IL, presents a unique investment opportunity. Situated on a 0.59-acre lot in DuPage County's C-3 General Business District, this site offers flexible options for sale, ground lease, or build-to-suit (BTS) development. The property boasts a convenient size ranging from 2,025 to 3,500 square feet, and includes up to 26 surface parking spaces. A drive-thru is also a possibility. Benefit from its prime location at the highly visible southeast corner of the signalized intersection of Geneva Road and Gary Road, experiencing approximately 26,600 vehicles per day. This location enjoys strong demographics, with a daytime population exceeding 151,000 within a three-mile radius and an average household income over $168,000 within one mile. The property is strategically positioned near Wheaton North High School and within two miles of Wheaton College, ensuring a consistent flow of potential customers. Furthermore, it benefits from its proximity to a variety of established national and local retailers, including Home Depot, Jewel-Osco, XSport Fitness, DaVita, Goodwill, Dollar Tree, Chase Bank, Lou Malnati's, Subway, Qdoba, Brown's Chicken, Wendy's, Jersey Mike's, Denny's, and McDonald's. This property offers significant potential for a variety of retail businesses seeking a high-visibility location in a thriving community. The zip code is 60187.
Property Features for 2031 Gary Ave
General Information
Property type
Individual retail properties
Square Feet
2,025 SF
Lot Size
25,700 SF
HighLights
Retail site available for sale, ground lease, or build‑to‑suit (BTS) at the signalized intersection of Geneva and Gary Roads, with high visibility to 26,600 vehicles per day (VPD).
On‑site parking for up to 26 vehicles, with potential for a drive‑thru.
Strong demographics: over 151,000 people within a 3‑mile radius, and average household income exceeding $168,000 within 1 mile.
Excellent co‑tenancy with national retailers including Home Depot, Jewel‑Osco, and numerous restaurants and other businesses.
The property is located at 2031 Gary Ave Wheaton, IL.
What are key features of this property?
This property features: Retail site available for sale, ground lease, or build-to-suit (BTS) at the signalized intersection of Geneva and Gary Roads, with high visibility to 26,600 vehicles per day (VPD).; On-site parking for up to 26 vehicles, with potential for a drive-thru.; Strong demographics: over 151,000 people within a 3-mile radius, and average household income exceeding $168,000 within 1 mile.
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2031 Gary Ave Wheaton, IL 60187
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Realmo Value Estimation
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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
2031 Gary Ave Wheaton, IL 60187
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2031 Gary Ave, Wheaton, IL
Matthew Tarshis
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2031 Gary Ave, Wheaton, IL
Matthew Tarshis
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2031 Gary Ave, Wheaton, IL
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2031 Gary Ave, Wheaton, IL
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2031 Gary Ave, Wheaton, IL
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2031 Gary Ave, Wheaton, IL
Matthew Tarshis
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