Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    101 Front St Wheaton, IL 60187

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Downtown Wheaton Retail Opportunity

    Lot size:
    350 SF

    Property Features for 101 Front St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    350 SF
    Total Rate
    656.25

    Building Details

    Stories
    2

    Spaces For Lease

    at 101 Front St, Wheaton, IL 60187 Contact us
    Unit Available Space

    $22 /Mo

    Size
    350 SF
    Contact us

    We can help!

    Listing Contact
    Tony Russo
    Tony Russo

    Listing Agency: Lee & Associates Chicago Listing Agent: Tony Russo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail property, located at 101 & 103 E. Front Street in Wheaton, Illinois, presents a unique investment opportunity. The property consists of a two-story building totaling 350 square feet, currently entirely vacant and available for lease. Situated in the heart of downtown Wheaton, this space offers unparalleled visibility and accessibility to a thriving community. The building's 350 square feet provide ample space for a variety of retail uses, making it ideal for a boutique shop, a small office, or a unique retail concept. The property is located in DuPage County, Illinois, with a convenient zip code of 60187. The address is easily accessible and benefits from high foot traffic. This is a rare chance to establish a business in a prime location within a vibrant and desirable area. The entire 350 square feet is available, offering flexibility for tenant build-out and customization. The property's two stories provide potential for creative space utilization. This is a turnkey opportunity for a business seeking a high-visibility location in a strong market. The property is classified as commercial retail with multiple tenancy potential. This presents a unique chance to establish a presence in a bustling downtown area. The property's location offers excellent exposure to a large customer base. Don't miss this chance to secure a prime retail space in Wheaton, Illinois.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fireside Counseling Counselor Northwestern Mutual Financial Advisor Progressive Health Vitality ... Medical Clinic Cozzi Clinical Services ... Foster Care Service Wheaton Custom Signs (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheaton
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1059876
    Latitude
    41.865426

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Downtown Wheaton

      Prime retail space with high visibility and strong foot traffic.
      210 N Main St, Wheaton, IL 60187
      View Details
    • Contact for pricing

      Modern Office Suites in Wheaton

      Newly remodeled, all-inclusive office suites near downtown Wheaton.
      610 W Roosevelt Rd, Wheaton, IL 60187
      View Details
    • $22 SF/Yr
      600 SF

      Downtown Wheaton Retail Space Available

      Retail suites available in downtown Wheaton, close to transportation.
      103-104 E Front St, Wheaton, IL 60187
      View Details
    • $22 SF/Yr
      2,685 SF

      Retail Space in Wheaton, Illinois

      Retail space available for lease in Wheaton, Illinois.
      101-103 Front St, Wheaton, IL 60187
      View Details
    • Contact for pricing
      5,135 SF

      Retail Opportunity on County Farm

      Retail space available for lease with high traffic volume.
      625 S County Farm Rd, Wheaton, IL 60187
      View Details
    • Contact for pricing
      6,660 SF

      Retail Endcap in Rice Lake

      Prime retail space in revitalized Wheaton shopping center.
      321 Rice Lake Sq, Wheaton, IL 60189
      View Details
    • Contact for pricing
      1,029 SF

      Retail Space in Wheaton Community

      Retail space in a dynamic, highly trafficked Wheaton location.
      1901 S Naperville Rd, Wheaton, IL 60189
      View Details
    • Contact for pricing
      1,971 SF

      Wheaton Retail Space For Rent

      Retail space available in Wheaton's Danada Square West.
      2 Danada Sq W, Wheaton, IL 60189
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Danada Square

      Retail space available in Wheaton's Danada Square West.
      62 Danada Sq W, Wheaton, IL 60189
      View Details
    • Contact for pricing
      2,358 SF

      Retail Space in Revitalized Center

      Prime retail space in Wheaton's Rice Lake Square.
      101-287 Rice Lake Sq, Wheaton, IL 60189
      View Details
    • Contact for pricing
      3,800 SF

      Wheaton Retail Space For Rent

      Retail space in a dynamic, highly trafficked Wheaton location.
      91-301 Town Sq, Wheaton, IL 60189
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Danada Square

      Grocery-anchored shopping center in affluent Wheaton, Illinois.
      200 Danada Sq, Wheaton, IL 60189
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Downtown Wheaton Retail Opportunity
    Where is this retail property located?
    The property is located at 101 Front St Wheaton, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Available 350 SF retail suite (103-A) at $22.50/SF, NNN.; Two-story building.; Prime downtown Wheaton location.
    (630) 728-1179 Call to check price and availability
    Request Owner's contact information
    101 Front St Wheaton, IL 60187
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 Front St
    Wheaton, IL 60187
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    101 Front St Wheaton, IL 60187
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tony Russo
    Tony Russo
    (630) 728-1179 (773) 355-3000 (773) 355-5805
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!