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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Retail space
204 Wesley St Wheaton, IL 60187-5130
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2292778
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,278 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C
APN
05-16-301-027
UPID
US28-2292778
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
-
Mion Artisan Soap (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.48M
Owner & transaction history
Chicago Title Ins Co · 10 yrs held
Chicago Title Ins Co
since 2016
7 recorded transactions
Zoning & alternative use
C · Wheaton, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+4.5%
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%
$1,915,000
6.5%
$1,770,000
7%
$1,640,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,785,000
Current use
MEDICAL BUILDING
$1,865,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,740,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$178 / 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
$42,393
Tax year 2023
Assessed value
$593,500
Assessed 2023
Previous assessed
$560,900
+5.8% YoY
Effective rate
7.14%
On assessed value
Assessed land
$92,120
Assessed improvement
$501,380
Land market value
$276,360
Improvement market value
$1,504,140
Total market value
$1,780,500
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
8,278 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C
APN
05-16-301-027
UPID
US28-2292778
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
$1.8M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES Current
MEDICAL BUILDING
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Chicago Title Ins Co
Entity
Mailing address
111 S GARFIELD ST, HINSDALE, IL 60521-4229
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2016
$2,370,000
Chicago Title Ins Co
Gust,howard H
Warranty Deed
—
Apr 25, 2013
—
Howard H Gust
Gust,howard H
Quit Claim Deed
related
—
Mar 21, 2006
—
Howard H Gust
—
Trustees Deed
related
$275,000 · Dupage National Bank
Aug 31, 2005
—
Howard H Gust
—
Trustees Deed
related
$100,000 · Dupage National Bank
Oct 9, 2003
—
Howard H Gust
—
Deed Of Trust
related
$1,800,000 · Dupage National Bank
—
—
Howard H Gust
—
Deed Of Trust
related
$1,600,000 · West Suburban Bank
—
—
Howard H Gust
—
Loan Modification
related
$2,537,835 · Dupage National Bank
—
—
Howard H Gust
—
Deed Of Trust
related
$2,500,000 · Dupage National Bank
—
—
Howard H Gust
—
Deed Of Trust
related
$350,000 · Dupage National Bank
—
—
Howard H Gust
—
Deed Of Trust
related
$125,000 · West Suburban Bank
—
—
Howard H Gust
—
Deed Of Trust
related
$1,350,000 · West Suburban 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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