Realmo Analytics
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Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 4,292 SF
- Lot area
- 0.32 ac
- Year built
- 1977
- Stories
- 2
- APN
- 05-16-325-013
- Zoning
- C
- Assessed value · 2023
- $221,650
- Annual tax · 2023
- $15,832
- Retail Stores
- Commercial (general)
- Office Building · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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