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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    124 Main St Wheaton, IL 60187-5344

    • Investment properties
    • 5,140 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $855,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2542569
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Century Heating & Cooling / Hvac Contractor / Air Conditioning Contractor
    • Model Act Studios / Talent Agency
    • STITCH SWITCH - Men's Consignment / Thrift Store / Vintage Clothing Store
    • Rise Fitness and Wellness / Physical Fitness Program / Wellness Center

    Property Details for 124 Main St

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    5,140 SF
    Zone code
    C
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    05-16-302-009
    APU
    516302009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $979,000
      Market price range: $700k - $1.47M
      AI Estimate
      $758,000
      Market price range: $446k - $1.25M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,080,000
      Current use
      MEDICAL BUILDING
      $1,160,000
      Change: +7% Conversion: Easy
      RETAIL STORES
      $1,110,000
      Change: +3% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wheaton
    County
    Dupage
    State
    Illinois
    Longitude
    -88.107
    Latitude
    41.8657
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,453
    $46,070
    $240,280
    $286,350
    -
    $138,210
    $720,840
    $859,050

    Comparable in this City

    • Value Estimation
      $2,005,000
      13,824 SF

      100 Frnt St, Unit 200

      STORE/OFFICE (MIXED USE) • 13,824 SF
      100 Frnt St, Wheaton, IL 60187-5109
      View Details
    • Value Estimation
      $725,000
      3,251 SF

      106 Hale St

      STORE/OFFICE (MIXED USE) • 3,251 SF
      106 Hale St, Wheaton, IL 60187-5113
      View Details
    • Value Estimation
      $680,000
      3,211 SF

      107 Frnt St

      STORE/OFFICE (MIXED USE) • 3,211 SF
      107 Frnt St, Wheaton, IL 60187-5353
      View Details
    • Value Estimation
      $1,575,000
      7,290 SF

      133 Frnt St

      STORE/OFFICE (MIXED USE) • 7,290 SF
      133 Frnt St, Wheaton, IL 60187-5108
      View Details
    • Value Estimation
      $3,765,000
      18,128 SF

      121 Frnt St, Unit 27

      STORE/OFFICE (MIXED USE) • 18,128 SF
      121 Frnt St, Wheaton, IL 60187-5108
      View Details
    • Value Estimation by Request
      0.14 Acres

      1072 College Ave

      STORE/OFFICE (MIXED USE) • 0.14 Acres
      1072 College Ave, Wheaton, IL 60187-5720
      View Details

    Similar Nearby for Sale

    • $4,900,000
      48,030 SF

      Wheaton Industrial Property - 4 Acres

      Prime Wheaton location, updated office & warehouse.
      929 Childs St, Wheaton, IL 60187
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    • New
      $679,000
      0.11 Acres

      Wheaton Mixed-Use Property For Sale

      Two-unit Wheaton property with commercial and residential spaces available.
      175 N Washington St, Wheaton, IL 60187
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    • $6,500,000
      17,570 SF

      Wheaton Mixed-Use Investment Opportunity

      Fully Leased, Prime Wheaton Location
      999 Confidential St, Wheaton, IL 60187
      View Details
    • $6,500,000
      17,570 SF

      Wheaton Office Building - Prime Location

      Fully Leased, 17,570 SF Office Building
      999 Confidential St, Wheaton, IL 60187
      View Details
    • $2,600,000
      8,850 SF

      Wheaton Retail Investment Opportunity

      Class A Retail Space, High Traffic Area
      1000 Geneva Rd, Wheaton, IL 60187
      View Details
    • $599,900
      4,000 SF

      Wheaton Office Building - Downtown

      Stunning Rehabbed Office, Prime Location
      221 Illinois St, Wheaton, IL 60187
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      700 SF

      Office Building on Roosevelt Road

      Three-story office building with excellent exposure and free parking.
      316 W Roosevelt Rd, Wheaton, IL 60187
      View Details
    • Contact for pricing

      Retail Space in Downtown Wheaton

      Prime retail space with high visibility and strong foot traffic.
      210 N Main St, Wheaton, IL 60187
      View Details
    • $20 SF/Yr
      14,458 SF

      Retail Space on Main Street

      Retail space with parking in front and rear.
      Wheaton, IL 60187
      View Details
    • $10 SF/Yr
      1,299 SF

      Office Space with Window Offices

      Office unit featuring a reception area and four window offices.
      2100 Manchester Rd, Wheaton, IL 60187
      View Details
    • $10 SF/Yr
      116,759 SF

      214-324 Geneva Rd

      Retail properties • 116,759 SF
      214-324 Geneva Rd, Wheaton, IL 60187
      View Details
    • $18 SF/Yr
      1,517 SF

      Well-Maintained Office Park Space

      Office space available in a well-maintained office park.
      290-300 S County Farm Rd, Wheaton, IL 60187
      View Details
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    124 Main St
    Wheaton, IL 60187-5344
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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