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    2100 Manchester Rd Wheaton, IL 60187
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    Property profile & analytics

    2100 Manchester Rd Wheaton, IL 60187

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    • Office buildings
    • 38,830 SF
    • 1.86 lot acres
    For Lease
    $4,075,000
    View Listing →
    Wheaton Office Park Suites Available For Lease
    $4,075,000
    103,665 SF

    Wheaton Office Park Suites Available

    Office suites available for immediate occupancy in Wheaton, Illinois.

    2100 Manchester Rd, Wheaton, IL 60187
    View Listing
    Property ID
    US28-2502820
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Conway Electric / Electrical Service / General Contractor
    • Henry Query, P.C. / Law Firm
    • Papenhause Sales Inc. | Material Handling Equipment / Material Handling Equipment Supplier
    • Dr. Steve C. Lee, MD / Physician
    • Linda Roberts & Associates / Physician

    Property Details for 2100 Manchester Rd

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.86 lot acres
    Property size
    38,830 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    05-18-402-017
    APU
    518402017

    Description

    The Grove Office Park, a three-building Class B office complex in Wheaton, IL (60187), offers 103,665 square feet of versatile office space. Located at 2100 Manchester Road, this property boasts 36 unique suites ranging from a minimum of 112 square feet to a maximum contiguous space of 3,515 square feet, with 40,832 square feet currently vacant. Built in 1983, the two-story buildings feature attractive low-rise brick architecture, abundant landscaping, and ample surface parking (3.3 spaces per 1,000 square feet). The property offers convenient access with multiple entrances (15 total), allowing for after-hours use and easy parking. Tenants enjoy separately metered HVAC in most suites, building and tenant directional signage, and on-site property management. Additional amenities include 24-hour secure access, tenant-specific signage, and convenient drop boxes for FedEx, UPS, and USPS. Situated across from the DuPage County Government Center and minutes from downtown Wheaton, this location benefits from nearby commuter bus service and is within the East-West Tollway Corridor submarket. The property is ideal for businesses seeking flexible, well-maintained office space in a desirable location. Currently, there are multiple spaces available for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,840,000
      Market price range: $3.84M - $9.60M
      AI Estimate
      $2,958,000
      Market price range: $2.96M - $7.81M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,215,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheaton
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1382
    Latitude
    41.8637
    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
    $50,628
    $342,120
    $407,040
    $749,160
    -
    $1,026,360
    $1,221,120
    $2,247,480

    Comparable in this City

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      855 Pr Ave

      OFFICE BUILDING • 0.84 Acres
      855 Pr Ave, Wheaton, IL 60187-3075
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      1,408 SF

      209 Washington St

      OFFICE BUILDING • 1,408 SF
      209 Washington St, Wheaton, IL 60187-5320
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    • Value Estimation by Request
      0.07 Acres

      1415 Hl Ave

      OFFICE BUILDING • 0.07 Acres
      1415 Hl Ave, Wheaton, IL 60187-5869
      View Details
    • Value Estimation by Request
      0.37 Acres

      610 Roosevelt Rd Ste, Unit 200

      OFFICE BUILDING • 0.37 Acres
      610 Roosevelt Rd Ste, Wheaton, IL 60187-5581
      View Details
    • Value Estimation
      $545,000
      3,758 SF

      703-05 Roosevelt Rd

      OFFICE BUILDING • 3,758 SF
      703-05 Roosevelt Rd, Wheaton, IL 60187
      View Details

    Similar Nearby for Sale

    • New
      $350,000
      0.20 Acres

      Wheaton Office Building For Sale

      Charming office building in desirable Wheaton location, great for investors.
      422 W Wesley St, Wheaton, IL 60187
      View Details
    • Contact for pricing
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      Wheaton Office Building For Sale

      3,120 SF office building available in Wheaton, Illinois.
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      2,770 SF

      Wheaton Office Condo For Sale

      Office condo near DuPage County Courthouse with private offices.
      400 Knoll St, Wheaton, IL 60187
      View Details
    • $399,500
      0.20 Acres

      Well-Kept Office Space on Roosevelt

      Former dental office with high visibility and ample parking.
      1825 E Roosevelt Rd, Wheaton, IL 60187
      View Details
    • $699,900
      0.16 Acres

      Remodeled Mixed-Use Wheaton Corner Property

      Remodeled mixed-use property in downtown Wheaton with parking and expansion potential.
      323 S Hale St, Wheaton, IL 60187
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space with Window Offices

      Office unit featuring a reception area and four window offices.
      2100 Manchester Rd, Wheaton, IL 60187
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Downtown Wheaton Office Space Available

      Prime office suites in a vibrant downtown setting.
      114 N Hale St, Wheaton, IL 60187
      View Details
    • New
      Contact for pricing

      Commercial Space in Wheaton, Illinois

      Commercial space available for rent in Wheaton, Illinois.
      610 W Roosevelt Rd, Wheaton, IL 60187
      View Details
    • Contact for pricing
      2,540 SF

      Office Space in Busy Corridor

      545 SF office space in a busy office corridor.
      416 E Roosevelt Rd, Wheaton, IL 60187
      View Details
    View Listing
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    Wheaton, IL 60187
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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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