721 Roosevelt Rd Wheaton, IL 60187-5646
- Commercial real estate
- 1,574 SF
- 0.22 lot acres
Current Use by Public Records
- Hemorrhoid Treatment Chicago / Medical Clinic
- HCG Chicago / Weight Loss Service
- Nutrition Nomad / Nutritionist
- Drost T MD / General Practitioner / Family Practice Physician
- IV Therapy - Oaktree Wellness Center / Weight Loss Service / Medical Clinic
Property Details for 721 Roosevelt Rd
- Year built
- 1955
- Lot size
- 0.22 lot acres
- Property size
- 1,574 SF
- Zone code
- C
- Property type
- Commercial real estate
- APN
- 05-16-424-036
- APU
- 516424036
Description
This exceptional 1,676 square foot office building at 721 E Roosevelt Road, Wheaton, IL, presents a unique investment or owner-occupancy opportunity. Situated on a 0.22-acre lot, the single-level, all-brick building enjoys a highly visible location with an estimated 31,300 vehicles passing daily, enhancing marketing potential with elevated, lit signage. Currently configured as a doctor's office, the space is adaptable to various professional uses, including dental practices, legal offices, insurance agencies, or general office settings. Its modern amenities and strategic placement in Wheaton offer easy access to major transportation routes and proximity to the thriving downtown areas of Wheaton and Glen Ellyn, providing employees and clients with convenient access to numerous restaurants and shopping options. The property's high traffic count and prime location make it an ideal choice for businesses seeking increased visibility and accessibility. This is a rare opportunity to acquire a well-maintained, versatile commercial space in a highly desirable location. The asking price is $329,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $245,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $205,000
- Mixed-Use
- $250,000
- Hospitality
- $215,000
- Educational
- $225,000
- Residential Income
- $205,000
- Energy
- $245,000
- Income-Based Land
- $210,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Wheaton
- County
- Dupage
- State
- Illinois
- Longitude
- -88.0952
- Latitude
- 41.8593
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA