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Property profile & analytics
OFF-MARKET
Commercial real estate
402 Roosevelt Rd, Wheaton, IL 60187-5588
Individually Owned
Absentee Owner
Free & Clear
Property ID
US28-5878408
Property summary
AI-generated overview
This charming two-story, 5,260 square foot office building is situated on a prominent Roosevelt Road location in Wheaton, Illinois. Boasting excellent visibility with 24,900 vehicles passing daily, this property presents a compelling investment or owner-user opportunity. Currently 60% leased with multiple long-term tenants, the building features a recently updated roof (2022) and repaved parking lot (2023). The ample 30-space private parking lot adds significant value. Each suite/office is equipped with a buzzer and intercom system. Tenants are responsible for their own phone and internet services. The property sits on an 11,000 square foot lot and is zoned O-R. The building was constructed in 1950. Its convenient location offers proximity to downtown Wheaton and its amenities. Property taxes are projected to be $12,998 for 2024. This well-maintained building presents a strong investment opportunity with a desirable location and recent improvements. The APN is 0521200013.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,864 SF
Lot
0.41 ac (17,860 SF)
Zoning code
C
APN
05-21-200-013
UPID
US28-5878408
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
-
Carter & Tani Law Firm
-
Crowl Lorna Physician Medical Clinic
-
LC Professional Tailor (Bike/Boat/Book/etc) Store
-
Lorissa Grant Physician
-
Adkins Carter Doris Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mamed Kuchiev
Mamed Kuchiev
since 2025
Last sale
$300,000
3 recorded transactions
Zoning & alternative use
C · Wheaton, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wheaton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheaton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,109
Tax year 2023
Assessed value
$193,980
Assessed 2023
Previous assessed
$271,960
-28.7% YoY
Effective rate
6.76%
On assessed value
Assessed land
$75,630
Assessed improvement
$118,350
Land market value
$226,890
Improvement market value
$355,050
Total market value
$581,940
Applied tax rate
5,012.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
3,864 SF
Lot
0.41 ac (17,860 SF)
Zoning code
C
APN
05-21-200-013
UPID
US28-5878408
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Wheaton, IL
Zoning C · permitted uses
C · Wheaton, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wheaton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Mamed Kuchiev
Individual
Free & Clear · 0 yrs held
Mailing address
2ND CTR AVE, WHEATON, IL 60189-7869
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2025
$300,000
Mamed Kuchiev
402 East Roosevelt LLC
Warranty Deed
—
Jul 9, 2003
$650,000
402 East Roosevelt LLC
Mayer,tr
Grant Deed
$487,500 · Mid America Bank Fsb
Mar 7, 2000
—
Mayer Trust
American Nat'l Bk&tr Chgo Ttee
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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