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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Retail space
124 Hale St Wheaton, IL 60187-5165
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2378366
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,683 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C
APN
05-16-301-028
UPID
US28-2378366
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
-
Miroballi Shoes Downtown Wheaton Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
124 N Hale St Wheaton LLC · 10 yrs held
124 N Hale St Wheaton LLC
since 2016
7 recorded transactions
Zoning & alternative use
C · Wheaton, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,870,000
Current use
COMMERCIAL (GENERAL)
$1,825,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$130 / 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
$25,973
Tax year 2023
Assessed value
$363,620
Assessed 2023
Previous assessed
$343,640
+5.8% YoY
Effective rate
7.14%
On assessed value
Assessed land
$92,130
Assessed improvement
$271,490
Land market value
$276,390
Improvement market value
$814,470
Total market value
$1,090,860
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,683 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C
APN
05-16-301-028
UPID
US28-2378366
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
RETAIL STORES Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
124 N Hale St Wheaton LLC
Entity
Mailing address
9450 W 144TH PL2B, ORLAND PARK, IL 60462
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2021
—
124 N Hale St Wheaton LLC
—
Deed
related
$1,094,000 · Cornerstone National Bank & Trust Co
Mar 10, 2017
—
124 N Hale St Wheaton LLC
—
Deed
related
$415,861 · Mb Fin'l Bk
Aug 31, 2016
—
124 N Hale St Wheaton LLC
—
Trustees Deed
related
$452,174 · American Chartered Bk
Mar 22, 2016
$840,000
124 N Hale St Wheaton LLC
Harold W Gaede
Deed
$672,000 · American Chartered Bank
May 13, 2011
—
Harold W Gaede Revocable Trust
Lasalle Bank National Association
Correction Deed
related
$600,000 · Community Bank Wheaton-glen Ellyn
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
Jul 25, 2001
—
Gaede Trust
Lasalle Bank NA Trustee
Grant Deed
related
—
—
—
124 N Hale St Wheaton LLC
—
Loan Modification
related
$415,861 · Mb Fin'l Bk
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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