604 S Blanchard St - LoopNet...SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS 604 S Blanchard St Wheaton, IL 60187 $229,500 976 SF $235.14 - - SALE COMPS PRICE BLDG SF PRICE/SF

KW COMMERCIAL45 S. Park, Suite 300Glen Ellyn, IL 60137 CJ MCCANN

Broker0: 630.984.4701C: [email protected]

604 S Blanchard St

OFFERING MEMORANDUM

PRESENTED BY:

WHEATON, IL

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 2

KW COMMERCIAL

45 S. Park, Suite 300

Glen Ellyn, IL 60137

Confidentiality & Disclaimer

CJ MCCANNBroker0: 630.984.4701C: [email protected]

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Glen Ellyn in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

WHEATON, IL

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DETAILS

ADDITIONAL PHOTOS

1PROPERTY INFORMATION604 S BLANCHARD ST

OFFERING MEMORANDUM


OFFERING SUMMARY

SALE PRICE: $229,500

LOT SIZE: 0.162 Acres

BUILDING SIZE: 976 SF

ZONING: R7

MARKET: Chicago

SUBMARKET:Western East/West

Corr

TRAFFIC COUNT: 34,181

PRICE / SF: $235.14

PROPERTY OVERVIEWClass C OfCce building located just a block off of busy Roosevelt Rd in Wheaton.Former dental ofCce with parking lot. Owner-user sale open to multiple usesallowed by zoning.

PROPERTY HIGHLIGHTS• High trafCc location

• Owner User

• Multiple Potential Uses

Executive Summary

604 S BLANCHARD ST 1 | PROPERTY INFORMATION


SALE PRICE $229,500

LOCATION INFORMATION

Street Address 604 S Blanchard St

City, State, Zip Wheaton, IL 60187

County/Township DuPage/Milton

Market Chicago

Submarket Western East/West Corr

Cross Streets S Blanchard / E Evergreen

Side Of Street West

Road Type Paved

Market Type Medium

Nearest Highway I-355

Nearest Airport O'Hare International Airport

BUILDING INFORMATION

Building Size 976 SF

Price / SF $235.14

Building Class C

Tenancy Single

Load Factor Yes

PROPERTY DETAILS

Property Type OfCce

Property Subtype OfCce Building

Zoning R7

Lot Size 0.162 Acres

APN# 05-15-325-011

Submarket Western East/West Corr

Lot Frontage 114

Lot Depth 53

Corner Property Yes

TrafCc Count 34,181

TrafCc Count Street Roosevelt / Blanchard

Property Details



Additional Photos


LOCATION INFORMATION

2 | LOCATION INFORMATION

LOCATION MAPS

RETAILER MAP

2LOCATION INFORMATION604 S BLANCHARD ST

OFFERING MEMORANDUM


Location Maps

604 S BLANCHARD ST 2 | LOCATION INFORMATION


Retailer Map

604 S BLANCHARD ST 2 | LOCATION INFORMATION

SALE COMPARABLES

3 | SALE COMPARABLES

SALE COMPS

SALE COMPS SUMMARY

SALE COMPS MAP

DEMOGRAPHICS MAP

3SALE COMPARABLES604 S BLANCHARD ST

OFFERING MEMORANDUM


Subject Property

604 S Blanchard St | Wheaton, IL 60187

$229,500Sale Price: 0.162 AcresLot Size:

976 SFBuilding SF: $235.14Price PSF:

Class C Of!ce building located just a block off of busy Roosevelt Rd in Wheaton. Former dental of!ce with parking lot. Owner-user sale open to multiple uses allowed byzoning.

1

1911 Roosevelt Rd

Wheaton, IL 60187


1954Year Built: 1,076 SFBuilding SF:

$167.29Price PSF: 05/01/2019Closed:

1

3 Star OfCce

2

515 W Roosevelt Rd

Wheaton, IL 60187


1988Year Built: 1,550 SFBuilding SF:

$154.84Price PSF: 04/19/2019Closed:

2

3 Star OfCce

3

1517 E Roosevelt Rd

Wheaton , IL 60187


1,211 SFBuilding SF: $99.09Price PSF:

10/26/2017Closed:

3

Sale Comps

604 S BLANCHARD ST 3 | SALE COMPARABLES


2 Star OfCce

4

225 W Roosevelt Rd

Wheaton, IL 60187


1,500 SFBuilding SF: $166.60Price PSF:

01/20/2017Closed:

4

Sale Comps



1

2

3

4

SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS

604 S Blanchard StWheaton, IL 60187

$229,500 976 SF $235.14 - -

SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

1911 Roosevelt Rd

Wheaton, IL60187

$180,000 1,076 SF $167.29 - 1 05/01/2019

515 W Roosevelt Rd

Wheaton, IL60187

$240,000 1,550 SF $154.84 - - 04/19/2019

1517 E Roosevelt Rd

Wheaton , IL60187

$120,000 1,211 SF $99.09 - - 10/26/2017

225 W Roosevelt Rd

Wheaton, IL60187

$249,900 1,500 SF $166.60 - - 01/20/2017

PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

Totals/Averages $197,475 1,334 SF $148.03 - 1

Sale Comps Summary



604 S Blanchard St | Wheaton, IL 60187SUBJECT PROPERTY

1Wheaton, IL60187

1911 ROOSEVELT RD 2Wheaton, IL60187

515 W ROOSEVELT RD

3Wheaton , IL60187

1517 E ROOSEVELT RD 4Wheaton, IL60187

225 W ROOSEVELT RD

Sale Comps Map



POPULATION 1 MILE 3 MILES 5 MILES

Total population 18,591 108,651 253,697

Median age 34.5 37.9 38.0

Median age (male) 32.5 36.5 36.6

Median age (Female) 35.7 38.7 39.0

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 6,382 40,227 94,517

# of persons per HH 2.9 2.7 2.7

Average HH income $98,399 $112,238 $101,103

Average house value $363,080 $443,504 $391,886

* Demographic data derived from 2010 US Census

Demographics Map


604 S Blanchard St - LoopNet...SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS 604 S Blanchard St Wheaton, IL 60187 $229,500 976 SF $235.14 - - SALE COMPS PRICE BLDG SF PRICE/SF

Documents