Property Listing No Longer Available for Sale

100 W. Roosevelt, Wheaton, IL

Office for Sale - $1,399,999 - 18,195 Sq. Ft. on 1.3 acres


Property Info

CIMLS#962402
Location
  100 W. Roosevelt
  Wheaton IL 60187
UpdatedJanuary 24th, 2018
TypeOffice
Price$1,399,999
Building18,195 Sq. Ft.
Land1.3 acres

Property Description

Park Place is a 18,195 square foot office complex with two - two story buildings divided into 8 separate entrances (A1 - A8 and B1 - B8). This is an excellent opportunity for a value add property located on Roosevelt Road and Main Street in the affluent community of Wheaton. The property is currently 45% occupied and includes a variety of office tenants, attorneys, medical professionals, accountants, dental and medical tenants. This property is being offered on a per square foot basis and not on existing income. There is significant upside with below market rents and the opportunity to secure new tenants at current market rents creating significant increase revenue and excellent return on the investment.

Location Description:

Park Place is located on the SWC of Roosevelt Road and Main Street in Wheaton, IL, and is the major retail corridor connecting both Wheaton and Glen Ellyn. The City of Wheaton is in Dupage County approximately 25 miles west of Chicago. In 2010, Wheaton was listed as by Money Magazine as one of the 25 highest earning towns in the United States. The town is regularly noted for its outstanding school system, New England style community, and more recently as financial center for investment management companies. Wheaton, being centrally located is the county seat of Dupage county and is home to the Dupage County Courthouse located on County Farm Road to the west, I-355 to the east and a Metra Train stop in downtown Wheaton.

The Roosevelt corridor through Wheaton ad Glen Ellyn encompasses more than 110 retail properties and many supporting office properties. This corridor has recently seen a number of new developments providing for a vibrant trade area and providing for a much-needed facelift for many of the older, properties. The new developments include a 72,000 sf Mariano


Financials


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