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    OFF-MARKET Estimated value $2,120,000
    Retail space

    515 Roosevelt Rd, Glen Ellyn, IL 60137-5721

    6,702 SF 1.3 ac lot Built 1963
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-3474696
    Property summary
    AI-generated overview

    This exceptional Class A retail property, built in 2022, boasts 12,000 square feet on 1.3 acres of land in the thriving Glen Ellyn, IL market. Located at 515 Roosevelt Rd, at the highly visible southeast corner of Roosevelt Road and Main Street, this multi-tenant building offers two available spaces ranging from 2,000 to 4,600 square feet, ideal for a variety of restaurant or retail concepts. Currently home to Oberweis, Woodgrain Neapolitan Pizzeria, and That Burger Joint, the property benefits from a strong existing tenant base. The site enjoys exceptional visibility and accessibility, with 60 parking spaces available for customers and employees. The property is situated directly across from a major retail center anchored by Jewel-Osco, Ross Dress for Less, Staples, and Goldfish Swim School, ensuring high foot traffic and brand synergy. The intersection sees a daily traffic count of 48,485 vehicles. The surrounding area demonstrates strong demographics, with an average household income of $143,962 within a 2-mile radius and $124,977 within a 5-mile radius. Population figures within these radii are 53,888 and 250,615 respectively, complemented by robust daytime employment numbers of 21,189 and 212,646. The property is zoned commercial and has an annual tax cost per square foot of $4.80. No elevators are present. This prime location presents a unique investment opportunity with significant potential for growth and return.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1963
    Construction BRICK
    Total area 6,702 SF
    Lot 1.3 ac (56,628 SF)
    APN 05-23-104-041
    UPID US28-3474696
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.12M
    CAP Approach CAP
    $1.43M
    Comparable Approach Comparable
    $1.62M
    Blend (final) Blend
    $2.12M
    Owner & transaction history
    515 Roosevelt Road LLC · 1 yrs held
    515 Roosevelt Road LLC
    since 2024
    Last sale
    $2.1M
    7 recorded transactions
    2025
    2024
    $2.1M
    2022
    2018
    2012
    $1.0M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $2.4M +64.2%
    Restaurant $2.1M +44.3%
    Medical building $1.5M +4.5%
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