221 Illinois St Wheaton, IL 60187-5409
Property profile & analytics
221 Illinois St Wheaton, IL 60187-5409
- Office buildings
- 4,292 SF
- 0.32 lot acres
Property ID
US28-3405016
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.
Location Intelligence
Current Use by 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
Property Details for 221 Illinois St
- Year built
- 1977
- Construction
- FRAME
- Lot size
- 0.32 lot acres
- Property size
- 4,292 SF
- Zone code
- C
- Property type
- Office buildings
- APN
- 05-16-325-013
- APU
- 516325013
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $770,000
- ML approach
- $685,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,050,000
- 6.5%
- $970,000
- 7%
- $900,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,011,000
- AI Estimate
- $835,000
Market price range: $424k - $1.06MMarket price range: $327k - $864k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $685,000 Current use
- MEDICAL BUILDING
- $965,000 Change: +41% Conversion: Easy
- RETAIL STORES
- $925,000 Change: +35% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $900,000 Change: +31% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wheaton
- County
- Dupage
- State
- Illinois
- Longitude
- -88.1041
- Latitude
- 41.8625
- 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
$15,832
$98,460
$123,190
$221,650
-
$295,380
$369,570
$664,950
