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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Medical Office Space
1604 Main St Wheaton, IL 60187-3145
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US28-5486872
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,120 SF
Lot
0.35 ac (15,246 SF)
Zoning code
C
APN
05-09-107-003
UPID
US28-5486872
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
-
Barbra S. Hanna D.O. Physician
-
Emilie McLain, APRN, WHNP-BC Physician
-
MyMenopauseRx Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$907k
Blend (final)
Blend
$820k
Owner & transaction history
Echo Adg Wheaton LLC
Echo Adg Wheaton LLC
since 2026
Last sale
$865,000
7 recorded transactions
Zoning & alternative use
C · Wheaton, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+57.1%
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%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$705,000
Current use
AUTO REPAIR, GARAGE
$1,105,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$670,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$655,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $865k (Jan 12 2026)
Last sale anchor
$865k
Jan 12 2026
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
$263 / 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
$18,242
Tax year 2023
Assessed value
$269,930
Assessed 2023
Previous assessed
$255,100
+5.8% YoY
Effective rate
6.76%
On assessed value
Assessed land
$54,980
Assessed improvement
$214,950
Land market value
$164,940
Improvement market value
$644,850
Total market value
$809,790
Applied tax rate
5,012.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,120 SF
Lot
0.35 ac (15,246 SF)
Zoning code
C
APN
05-09-107-003
UPID
US28-5486872
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
MEDICAL BUILDING Current
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$655,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Echo Adg Wheaton LLC
Entity
Mailing address
985 CLIFTON AVE, GLEN ELLYN, IL 60137-4730
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
$865,000
Echo Adg Wheaton LLC
1604 Main Street LLC
Special Warranty Deed
$773,000 · Heartland Bank & Trust Co
Jun 21, 2016
—
1604 Main Street LLC
—
Deed
related
$505,440 · Old Second National Bank
Oct 11, 2007
$510,000
1604 Main Street LLC
J & M Medecal Equipment INC
Corporation Deed
$408,000 · The Privatebank & Trust Co
Dec 9, 2005
$400,000
J&m Medical Equipment INC
Anr Enterprises LLC
Warranty Deed
$393,750 · Community State Bank Of Rock Falls Dixon
—
—
1604 Main Street LLC
—
Deed Of Trust
related
$285,000 · Private Bank & Trust Co
—
—
Anr Enterprises LLC
—
Deed Of Trust
related
$148,055 · Lasalle National Bank
—
—
Enterprises LLC
—
Deed Of Trust
related
$350,000 · Lasalle National Bank
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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