515 Roosevelt Rd Glen Ellyn, IL 60137
- Retail space
- 6,702 SF
- 1.30 lot acres
Current Use by Public Records
- Retail space
Property Details for 515 Roosevelt Rd
- Year built
- 1963
- Construction
- BRICK
- Lot size
- 1.30 lot acres
- Property size
- 6,702 SF
- Property type
- Retail space
- APN
- 05-23-104-041
- APU
- 523104041
Description
This exceptional Class A retail property, built in 2022, boasts 12,000 square feet on 1.3 acres of land in the thriving Glen Ellyn, IL market. Located at 515 Roosevelt Rd, at the highly visible southeast corner of Roosevelt Road and Main Street, this multi-tenant building offers two available spaces ranging from 2,000 to 4,600 square feet, ideal for a variety of restaurant or retail concepts. Currently home to Oberweis, Woodgrain Neapolitan Pizzeria, and That Burger Joint, the property benefits from a strong existing tenant base. The site enjoys exceptional visibility and accessibility, with 60 parking spaces available for customers and employees. The property is situated directly across from a major retail center anchored by Jewel-Osco, Ross Dress for Less, Staples, and Goldfish Swim School, ensuring high foot traffic and brand synergy. The intersection sees a daily traffic count of 48,485 vehicles. The surrounding area demonstrates strong demographics, with an average household income of $143,962 within a 2-mile radius and $124,977 within a 5-mile radius. Population figures within these radii are 53,888 and 250,615 respectively, complemented by robust daytime employment numbers of 21,189 and 212,646. The property is zoned commercial and has an annual tax cost per square foot of $4.80. No elevators are present. This prime location presents a unique investment opportunity with significant potential for growth and return.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,120,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,010,000
- 6.5%
- $2,200,000
- 7%
- $2,085,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,885,000
- Geo Method
- $1,850,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,475,000
- Retail
- $2,055,000
- Mixed-Use
- $2,255,000
- Hospitality
- $1,970,000
- Educational
- $1,815,000
- Residential Income
- $2,285,000
- Energy
- $1,800,000
- Income-Based Land
- $2,110,000
- Food Service
- $2,075,000
Location Insight
- Map
- Local Demand
- City
- Glen Ellyn
- County
- Dupage
- State
- Illinois
- Longitude
- -88.0669
- Latitude
- 41.8587
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
