Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,005,000
Investment properties
120 Hale St Wheaton, IL 60187-5131
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-4709144
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,618 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C
APN
05-16-301-029
UPID
US28-4709144
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
Current use
Occupant on record · Public records
-
T2 Capital Management Financial Advisor
-
Ivy Restaurant Restaurant
-
Tiffany Livingston Car Dealership Shipping Company
-
dfee333 Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.80M
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$3.01M
Owner & transaction history
True Blue Investments One LLC · 3 yrs held
True Blue Investments One LLC
since 2023
7 recorded transactions
Zoning & alternative use
C · Wheaton, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+48.0%
Medical building
$3.3M
+7.2%
Retail stores
$3.2M
+2.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wheaton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheaton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,110,000
6.5%
$3,795,000
7%
$3,525,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,070,000
Current use
RESTAURANT
$4,545,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$3,295,000
Change: +7% · Conversion: Easy
RETAIL STORES
$3,150,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$3.01M
Range $2.70M – $3.31M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$206 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$61,517
Tax year 2023
Assessed value
$861,250
Assessed 2023
Previous assessed
$813,940
+5.8% YoY
Effective rate
7.14%
On assessed value
Assessed land
$92,130
Assessed improvement
$769,120
Land market value
$276,390
Improvement market value
$2,307,360
Total market value
$2,583,750
Applied tax rate
5,323.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
14,618 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C
APN
05-16-301-029
UPID
US28-4709144
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Wheaton, IL
Zoning C · permitted uses
C · Wheaton, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wheaton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
RESTAURANT
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$3.3M
RETAIL STORES
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
True Blue Investments One LLC
Entity
Mailing address
1007 N PO BOX 140TH ST #65, WHEATON, IL 60187-0140
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2023
—
True Blue Investments One LLC
Scott Armstrong Russell
Quit Claim Deed
related
$1,650,000 · T2 N Hale Street Hq I LLC
Jan 23, 2018
—
True Blue Investments One LLC
Yorkville Investment I LLC
Warranty Deed
$1,880,400 · Yorkville Invs
Feb 4, 2010
—
Russell S Armstrong
Yorkville Investments I LLC
Warranty Deed
—
Jun 18, 2008
$2,500,000
Yorkville Investment I LLC
Trust 1196-1
Grant Deed
—
Nov 9, 2007
—
Trust 1196-i
Diershow,douglas L & Melissa S
Trustees Deed
—
Feb 17, 2006
$2,565,000
Douglas L Diershow
Trust Lt-2559
Grant Deed
$2,520,000 · Labe Bank
Mar 4, 1999
$660,000
Harris Bank St Charles Trustee
American Nat'l Bk&tr Chgo Ttee
Grant Deed
related
$745,000 · First National Bank Chicago
—
—
Douglas L Diershow
—
Deed Of Trust
related
$150,000 · Labe Bank
—
—
Harris Bank St Charles Trustee
—
Deed Of Trust
related
$563,000 · Bank One NA
—
—
Douglas L Diershow
—
Deed Of Trust
related
$211,936 · First Chicago Bank & Trust
—
—
Harris Bank St Charles Trustee
—
Deed Of Trust
related
$940,000 · Bank One NA
—
—
Harris Bank St Charles Trustee
—
Deed Of Trust
related
$583,000 · Somercor 504 INC
—
—
Harris Bank St Charles Trustee
—
Deed Of Trust
related
$563,000 · Bank One NA
—
—
Harris Trust & Savs Bank Ttee
—
Deed Of Trust
related
$130,404 · Bank One NA
—
—
Harris Bank St Charles Trustee
—
Deed Of Trust
related
$940,000 · Bank One NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 120 Hale St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
