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Mixed-Use

Downtown Wheaton Mixed-Use and Restaurant

120 N Hale St, Wheaton, IL 60187

Listing Price: $4,250,000

Cap Rate
7.71%
Number of Suites
4
Gross SF
13,136
Rentable SF
13,136
Price/Gross SF
$323.54
Lot Size
0.20 acres
Year Built
1948

Investment Overview

Marcus & Millichap is pleased to present this downtown Wheaton mixed-use property located in Illinois. This high barrier to entry downtown Wheaton district location, amongst retail and restaurants. The mixed-use building is 92 percent leased. Anchored by Ivy Restaurant which has been operating at this location since 2009 with a three percent rental increase in 2022. There are annual three percent rental increases for ZRG and T2 Capital. Opportunity to add value and cap rate growth through leasing the remaining 1,050 square feet of vacant space. Extremely high daytime and nighttime foot traffic with all patrons having to pass walk along subject property to access public parking garage (93 walk score, a “walker’s paradise” (walkscore.com)). Attractive real estate with rare outdoor patio. The property is a five-minute walk to the Wheaton Metra station (8,332,483 annual ridership). Within three miles there are two colleges: the College of DuPage and Wheaton College totaling 30,900 students. Strong local demographics in this heavily populated, affluent area. High daytime population with 128,279 people within three miles of subject property. 107,965 people live within three miles of subject property with an average household income of $140,90.

Investment Highlights

  • High Barrier to Entry Downtown Wheaton District Location, Amongst Retail and Restaurants
  • 92 Percent Leased Mixed-Use Building
  • Opportunity to Add Value and Cap Rate Growth Through Leasing the Remaining 1,050 Square Feet of Vacant Space
  • Extremely High Daytime and Nighttime Foot Traffic | All Patrons Must Walk Along Subject Property to Access Public Parking Garage
  • Attractive Real Estate
  • Strong Demographics | Heavily Populated, Affluent Area

Exclusively Listed By

Mixed-Use

Downtown Wheaton Mixed-Use and Restaurant

Listing Price: $4,250,000

Cap Rate
7.71%
Number of Suites
4
Gross SF
13,136
Rentable SF
13,136
Price/Gross SF
$323.54
Lot Size
0.20 acres
Year Built
1948

Investment Highlights

  • High Barrier to Entry Downtown Wheaton District Location, Amongst Retail and Restaurants
  • 92 Percent Leased Mixed-Use Building
  • Opportunity to Add Value and Cap Rate Growth Through Leasing the Remaining 1,050 Square Feet of Vacant Space
  • Extremely High Daytime and Nighttime Foot Traffic | All Patrons Must Walk Along Subject Property to Access Public Parking Garage
  • Attractive Real Estate
  • Strong Demographics | Heavily Populated, Affluent Area

Investment Overview

Marcus & Millichap is pleased to present this downtown Wheaton mixed-use property located in Illinois. This high barrier to entry downtown Wheaton district location, amongst retail and restaurants. The mixed-use building is 92 percent leased. Anchored by Ivy Restaurant which has been operating at this location since 2009 with a three percent rental increase in 2022. There are annual three percent rental increases for ZRG and T2 Capital. Opportunity to add value and cap rate growth through leasing the remaining 1,050 square feet of vacant space. Extremely high daytime and nighttime foot traffic with all patrons having to pass walk along subject property to access public parking garage (93 walk score, a “walker’s paradise” (walkscore.com)). Attractive real estate with rare outdoor patio. The property is a five-minute walk to the Wheaton Metra station (8,332,483 annual ridership). Within three miles there are two colleges: the College of DuPage and Wheaton College totaling 30,900 students. Strong local demographics in this heavily populated, affluent area. High daytime population with 128,279 people within three miles of subject property. 107,965 people live within three miles of subject property with an average household income of $140,90.

Exclusively Listed By

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