416 Roosevelt RdWheaton, IL 60187

Property Details for 416 Roosevelt Rd

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.23 AC

Property size (Sq ft)

13,288 SF

Zone code

C

Property type

Office properties

Property subtype

Office buildings

APN

05-21-200-054

APU

521200054

Description

This exceptional office building, Wheaton Oaks Professional Building, located at 416 E Roosevelt Rd, Wheaton, IL 60187, offers a variety of flexible office spaces ideal for executive or medical practices. The building totals 19,000 square feet and features multiple tenancies, with available spaces ranging from 1,080 to 1,900 contiguous square feet. Currently, 2,980 square feet of space is vacant and ready for immediate occupancy. The property boasts ample parking for tenants and visitors. Its strategic location on Roosevelt Road, east of Naperville Road, provides excellent visibility and accessibility. The building is less than a mile from downtown Wheaton, Metra train stations, and Wheaton College, ensuring convenient commuting for employees and clients. Furthermore, it's approximately two miles from popular local attractions such as Cosley Zoo, the Wheaton Sport Center, the DuPage County Courthouse and Government Complex, and the DuPage Fairgrounds. The high traffic volume on Roosevelt Road (33,500 vehicles per day) and Naperville Road (17,100 vehicles per day) guarantees significant exposure for your business. This is a rare opportunity to secure prime office space in a thriving and well-connected community. Inquire today to learn more about leasing options and secure your ideal workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $2,399,306

  6.5%

  $2,214,744

  7%

  $2,056,548

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,349,040

  Geo Method

  $1,730,762

• Alternative Use

  Use

  Valuation

  Residential

  $2,746,283

  Hospitality

  $2,515,580

  Educational

  $2,092,933

  Medical

  $2,164,912

  Retail

  $3,255,674

Location Insight

City

Wheaton

County

Dupage

State

Illinois

Latitude

41.8584

Longitude

-88.1005

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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