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
Each Office Independently Owned and Operated kwcommercial.com 4
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
Each Office Independently Owned and Operated kwcommercial.com 5
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
604 S BLANCHARD ST 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 6
Additional Photos
604 S BLANCHARD ST 1 | PROPERTY INFORMATION
LOCATION INFORMATION
2 | LOCATION INFORMATION
LOCATION MAPS
RETAILER MAP
2LOCATION INFORMATION604 S BLANCHARD ST
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 8
Location Maps
604 S BLANCHARD ST 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 9
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
Each Office Independently Owned and Operated kwcommercial.com 11
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
$180,000Sale Price: 0.21 AcresLot Size:
1954Year Built: 1,076 SFBuilding SF:
$167.29Price PSF: 05/01/2019Closed:
1
3 Star OfCce
2
515 W Roosevelt Rd
Wheaton, IL 60187
$240,000Sale Price: 0.18 AcresLot Size:
1988Year Built: 1,550 SFBuilding SF:
$154.84Price PSF: 04/19/2019Closed:
2
3 Star OfCce
3
1517 E Roosevelt Rd
Wheaton , IL 60187
$120,000Sale Price: 0.2 AcresLot Size:
1,211 SFBuilding SF: $99.09Price PSF:
10/26/2017Closed:
3
Sale Comps
604 S BLANCHARD ST 3 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 12
2 Star OfCce
4
225 W Roosevelt Rd
Wheaton, IL 60187
$249,900Sale Price: 0.16 AcresLot Size:
1,500 SFBuilding SF: $166.60Price PSF:
01/20/2017Closed:
4
Sale Comps
604 S BLANCHARD ST 3 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 13
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 3 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 14
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
604 S BLANCHARD ST 3 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 15
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 3 | SALE COMPARABLES