100 W Roosevelt Rd | Wheaton, IL 60189
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- LoopNet Team
100 W Roosevelt Rd
Wheaton, IL 60189
Park Place of Wheaton · Office Property For Sale
INVESTMENT HIGHLIGHTS
- City-approved PUD allowing 22-unit multifamily redevelopment (12x 1BR, 10x 2BR units)
- Rezoned from O-R to R-5 Residential with variances granted for parking, density, and setbacks
- Efficient project scope leveraging existing building shell with cost-effective interior reconfiguration
- Strategic location with excellent visibility, just minutes from downtown Wheaton and transit
- Strong apartment fundamentals in Wheaton: 95.5% occupancy and historically low development pipeline
- Surface-level utilities and separate HVAC systems already in place, reducing redevelopment complexity
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
23,864 SF
Building Class
B
Year Built
1984
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,966 SF
Building FAR
0.36
Lot Size
1.51 AC
Zoning
R-5 - Approved for rezoning and a Planned Unit Development (PUD), allowing for the conversion to residential use
Parking
100 Spaces (8.38 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Commuter Rail
- Signage
- Skylights
- Central Heating
- Wi-Fi
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 05-21-117-001 | Improvements Assessment | $63,457 |
| Land Assessment | $27,758 | Total Assessment | $91,215 |
PROPERTY TAXES
Parcel Number
05-21-117-001
Land Assessment
$27,758
Improvements Assessment
$63,457
Total Assessment
$91,215
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