221 Illinois St, Wheaton, IL 60187-5409
This beautifully renovated two-story office building at 221 W Illinois Street, Wheaton, IL, offers 4,000 square feet of prime commercial space. Situated on a 0.24-acre lot in the heart of Wheaton's downtown business district, this property enjoys exceptional walkability to a wide array of restaurants, businesses, and entertainment venues. The building boasts a traditional office layout with attractive hardwood floors throughout. A fully built-out basement, complete with windows, provides ample additional space. The main level features impressive 10-foot ceilings and a welcoming gas fireplace, creating a sophisticated and comfortable atmosphere. Recent upgrades include a newly seal-coated and striped 12-car private parking lot, ensuring convenient parking for tenants and visitors. Further enhancing energy efficiency and comfort are the recently installed newer HVAC units and double-pane casement windows with screens. This exceptional property presents a rare opportunity to acquire a meticulously maintained and updated office building in a highly desirable location. The asking price is $599,900. This is an ideal investment for businesses seeking a prestigious and functional space in the vibrant Wheaton community.
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Peregrine, Stime, Newman, Ritzman & Bruckner, Ltd. Law Firm
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Newman Thomas M Law Firm
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Kay Robert T C Law Firm
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Ideas & Ink Interiors Interior Design Home Decor Store
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Cantigny Park Kitchen Remodeling Solutions Hardware & Home Improvement Kitchen & Bath Showroom
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C · Wheaton, ILWheaton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.