Wheaton office
Value-add office building at 520 W Roosevelt Rd in Wheaton, Illinois, offered at $800,000. The multi-tenant, Class B property is 65% occupied, and all tenants are on month-to-month terms at rents below market.
The three-story building totals 4,737 SF in a single structure. It was built in 1986 and renovated in 2023. It sits on a 9,757 SF lot (0.22 acres), APN 05-20-205-048. The month-to-month tenancy and under-market rents leave room for a buyer to reposition the property, whether by raising rents, signing longer leases, or filling the vacant space. The listing notes the building is also available for lease.
Unit amenities include natural light, onsite parking, 24-hour access, a kitchen, outdoor space, extra storage, air conditioning, central heating, and a security system.
- Offered at $800,000 in a traditional sale
- Rents are below market and all tenants are month-to-month
- 65% occupied, with space available to lease
- Three stories, 4,737 SF, built in 1986 and renovated in 2023
- Onsite parking and 24-hour access
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About this property
For sale Wheaton office building Value add under market rents all tenants are month to month. Ready for creative ideas.
- Office building for Sale / Lease
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