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Property profile & analytics
OFF-MARKET
Estimated value
$3,765,000
Investment properties
121 Frnt St 27, Wheaton, IL 60187-5108
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0606761
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1875
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,128 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C
APN
05-16-302-061
UPID
US28-0606761
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
AI Approach
AI
by Request
CAP Approach
CAP
$4.71M
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$3.77M
Owner & transaction history
Winona Properties · 21 yrs held
Winona Properties
since 2004
7 recorded transactions
Zoning & alternative use
C · Wheaton, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+48.0%
Medical building
$4.1M
+7.2%
Retail stores
$3.9M
+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%
$5,100,000
6.5%
$4,705,000
7%
$4,370,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,810,000
Current use
RESTAURANT
$5,635,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$4,085,000
Change: +7% · Conversion: Easy
RETAIL STORES
$3,905,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$3.77M
Range $3.39M – $4.14M · ±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
$208 / 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
$77,519
Tax year 2023
Assessed value
$1,085,270
Assessed 2023
Previous assessed
$1,025,650
+5.8% YoY
Effective rate
7.14%
On assessed value
Assessed land
$114,310
Assessed improvement
$970,960
Land market value
$342,930
Improvement market value
$2,912,880
Total market value
$3,255,810
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
1875
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Total area
18,128 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C
APN
05-16-302-061
UPID
US28-0606761
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
$3.8M
RESTAURANT
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.9M
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
1875
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Winona Properties
Entity
Mailing address
123 W FRNT ST, WHEATON, IL 60187-5128
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2019
—
Winona Properties LLC
—
Deed
related
$115,000 · Wheaton Bk&tr
Mar 14, 2018
—
Winona Properties LLC
—
Deed
related
$1,943,950 · Wheaton Bk&tr
Sep 30, 2004
$2,400,000
Winona Properties
Patricias LLC
Warranty Deed
$2,200,000 · Private Bank & Trust Co
Dec 3, 2002
$2,250,000
Patricias LLC
Old 2nd Natl Bk Aurora Ttee
Grant Deed
$1,311,415 · Old Second National Bank
Aug 31, 1999
$1,750,000
Second Natl Bk Aurora Ttee Old
American Nat'l Bk&tr Chgo Ttee
Grant Deed
related
$1,360,000 · Bank Of Sugar Grove
—
—
Winona Properties LLC
—
Deed Of Trust
related
$320,000 · Private Bank & Trust Co
—
—
American Nat'l Bk&tr Chgo Ttee
—
Deed Of Trust
related
$100,000 · Lasalle National Bank
—
—
Winona Properties LLC
—
Deed Of Trust
related
$115,000 · Wheaton Bk&tr
—
—
Winoria Properties LLC
—
Deed Of Trust
related
$320,000 · Private Bank & Trust Co
—
—
Winona Properties LLC
—
Deed Of Trust
related
$560,000 · Privatebank & Trust
—
—
Old Second Natl Bank Aurora
—
Deed Of Trust
related
$350,000 · Old Second National Bank
—
—
Patricias LLC
—
Deed Of Trust
related
$150,000 · Old Second National Bank
—
—
Winona Properties LLC
—
Loan Modification
related
$1,943,950 · Wheaton Bk&tr
—
—
Winona Properties LLC
—
Deed Of Trust
related
$188,000 · Private Bank & Trust Co
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.
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