Wheaton, IL
Commercial Real Estate Market Trends & Data

$191 Avg asking sale price
$20 Avg asking lease rate
8,124 SF Avg unit lease size
13,957 SF Avg building size for sale
4.74% Average cap rate

Wheaton's Demographic Profile

Wheaton has 19,203 households and a median income of $113,368, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 51,724
# Households 19,203
Median age 40
Median household income $113,368
Avg household size 3.0
Renter-occupied housing units 5,435
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Wheaton, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Wheaton $127 4,639 SF 5.25%
Glen Ellyn $128 4,903 SF 8.88%
Warrenville $303 7,518 SF 6.77%
Nearby Retail Markets Avg Cost/SF Typical Size
Wheaton $338 35,562 SF
Winfield $131 13,347 SF
Glen Ellyn $400 4,700 SF
Carol Stream $211 6,148 SF
Warrenville $356 3,266 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Wheaton $237 17,257 SF 6.44%
Glen Ellyn $130 15,688 SF 6.44%
Westchester $99 4,100 SF 7.59%

Commercial Properties For Sale in Wheaton

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

232-236 S Westgate Dr

Carol Stream, IL 60188

  • 20,000 SF Industrial Building
  • $3,500,000
For Sale

422 W Wesley St, Wheaton, IL 60187

Wheaton, IL 60187

  • 1,605 SF Office Building
  • 2.52% Cap Rate
  • $350,000
For Sale

420 S Main St

Wheaton, IL 60187

  • 2,000 SF Retail Building
  • $1,400,000
For Sale

1751 S Naperville Rd

Wheaton, IL 60189

  • 35,000 SF Office Building
  • $999,000
For Sale

451 Duane Street

Glen Ellyn, IL 60137

  • 0.25 AC Lot
  • 1 Commercial Lot
  • $399,000
For Sale

323 S Hale St

Wheaton, IL 60187

  • 2,254 SF Office Building
  • $600,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Wheaton pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Wheaton $191 13,957 SF
Winfield $176 10,736 SF
Glen Ellyn $174 5,415 SF
Carol Stream $121 6,338 SF
Warrenville $335 6,071 SF

Regional Demographic Comparison

This comparison places Wheaton alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Wheaton or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Wheaton 51,724 19,203 40 $113,368 3 5,435 -2%
Winfield 10,050 3,788 46 $136,731 3 276 -2%
Glen Ellyn 27,687 10,256 41 $124,058 3 2,461 -2%
Carol Stream 38,480 13,728 40 $98,007 3 4,551 -2%
Warrenville 14,618 5,672 41 $98,162 3 1,257 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Wheaton, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Wheaton

View All Commercial Real Estate For Sale in Wheaton
Is Wheaton a good market for a first-time commercial real estate investor?

Wheaton offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Wheaton?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Wheaton. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Wheaton?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Wheaton. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Wheaton compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Wheaton. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Wheaton acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Wheaton, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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