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    OFF-MARKET
    Banks

    1000 Geneva Rd, Wheaton, IL 60187-2419

    2,732 SF 0.52 ac lot Built 2008
    Entity Owned 10-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-2658782
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 2008
    Construction BRICK
    Total area 2,732 SF
    Lot 0.52 ac (22,651 SF)
    APN 05-08-103-038
    UPID US28-2658782
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    New Midwest Capital LLC · 10 yrs held
    New Midwest Capital LLC
    since 2016
    2 recorded transactions
    2016
    $550,000
    2008
    $1.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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