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    Property profile & analytics
    OFF-MARKET Estimated value $765,000
    Office buildings

    221 Illinois St, Wheaton, IL 60187-5409

    4,292 SF 0.32 ac lot Built 1977
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US28-3405016
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1977
    Construction FRAME
    Total area 4,292 SF
    Lot 0.32 ac (13,939 SF)
    Zoning code C
    APN 05-16-325-013
    UPID US28-3405016
    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
    • Peregrine, Stime, Newman, Ritzman & Bruckner, Ltd. Law Firm
    • Newman Thomas M Law Firm
    • Kay Robert T C Law Firm
    • Ideas & Ink Interiors Interior Design Home Decor Store
    • Cantigny Park Kitchen Remodeling Solutions Hardware & Home Improvement Kitchen & Bath Showroom
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $685k
    CAP Approach CAP
    $970k
    Comparable Approach Comparable
    $1.01M
    Blend (final) Blend
    $765k
    Owner & transaction history
    Humble House LLC · 3 yrs held
    Humble House LLC
    since 2022
    Last sale
    $665,000
    6 recorded transactions
    2022
    $665,000
    2018
    1969
    1969
    1969
    1969
    Zoning & alternative use
    C · Wheaton, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $965,000 +40.7%
    Retail stores $925,000 +34.6%
    Commercial (general) $900,000 +31.2%
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