Property profile

1000 Geneva Rd Wheaton, IL 60187

OFF-MARKET
Banks
Property ID
US28-2658782
2,732 SF 0.52 ac lot Built 2008
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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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

Location

1000 Geneva Rd Wheaton, IL 60187-2419
Wheaton metro Census 841802 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2016
2 recorded transactions
2016
$550,000
2008
$1.5M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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