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Property profile & analytics

721 Roosevelt Rd Wheaton, IL 60187-5646

  • Commercial real estate
  • 1,574 SF
  • 0.22 lot acres
OFF-MARKET
Value Estimation
$290,000
Location Intelligence
Property ID
US28-1780979
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.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

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
$7,417
$39,980
$69,770
$109,750
-
$119,940
$209,310
$329,250
More about this property
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