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    FOR LEASE
    Office buildings

    416 E Roosevelt Rd, Wheaton, IL 60187

    13,288 SF 1.23 ac lot Built 1975
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-1455324
    Property summary
    AI-generated overview

    This exceptional office building, Wheaton Oaks Professional Building, located at 416 E Roosevelt Rd, Wheaton, IL 60187, offers a variety of flexible office spaces ideal for executive or medical practices. The building totals 19,000 square feet and features multiple tenancies, with available spaces ranging from 1,080 to 1,900 contiguous square feet. Currently, 2,980 square feet of space is vacant and ready for immediate occupancy. The property boasts ample parking for tenants and visitors. Its strategic location on Roosevelt Road, east of Naperville Road, provides excellent visibility and accessibility. The building is less than a mile from downtown Wheaton, Metra train stations, and Wheaton College, ensuring convenient commuting for employees and clients. Furthermore, it's approximately two miles from popular local attractions such as Cosley Zoo, the Wheaton Sport Center, the DuPage County Courthouse and Government Complex, and the DuPage Fairgrounds. The high traffic volume on Roosevelt Road (33,500 vehicles per day) and Naperville Road (17,100 vehicles per day) guarantees significant exposure for your business. This is a rare opportunity to secure prime office space in a thriving and well-connected community. Inquire today to learn more about leasing options and secure your ideal workspace.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1975
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 13,288 SF
    Lot 1.23 ac (53,579 SF)
    Zoning code C
    APN 05-21-200-054
    UPID US28-1455324
    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
    • Complete Chiropractic Alternative Medicine Practice
    • Odoni Partners LLC - Certified Public Accountants Accounting Firm Tax Preparation
    • Lillian Warden Alternative Medicine Practice
    • Advanced Healthcare Associates - Dr. Susie Warden Alternative Medicine Practice
    • 7 Essentials of Health Alternative Medicine Practice
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.01M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.32M
    Blend (final) Blend
    $1.97M
    Owner & transaction history
    416 E Roosevelt LLC · 4 yrs held
    416 E Roosevelt LLC
    since 2021
    Last sale
    $1.7M
    6 recorded transactions
    2021
    $1.7M
    2010
    1999
    $1.0M
    1969
    1969
    1969
    Zoning & alternative use
    C · Wheaton, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $3.0M +40.7%
    Retail stores $2.9M +34.6%
    Commercial (general) $2.8M +31.2%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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