520 W Roosevelt Road

Wheaton, IL 60187

Property Overview: An outstanding opportunity to own a beautifully renovated, versatile property in Wheaton's Roosevelt Road Corridor. Zoned R-R-1, this building offers flexibility for both residential and commercial use, making it perfect for investors, owner-occupants, or business owners. The current owner originally planned to occupy the building for his own business, but due to a change in business direction, is now offering the property for sale. As a result, the building has never been fully leased out - a blank slate ready for the next owner's vision. --- Over $150,000 in Recent Renovations and Enhancements: Exterior & Curb Appeal Full professional exterior repair and repaint (completed within 2 years) Rebuilt deck and railing system Large private lot with 23 striped parking spaces Excellent exposure with 31,300+ Vehicles Per Day (VPD) on Roosevelt Rd Interior - Modern & Move-In Ready Fully finished basement with 5 private rooms (each with ceiling fans) - ideal for rental, offices, or flexible use All bathrooms and hallways updated with high-quality finishes Brand new 20-foot crystal chandelier installed in central common area Basement comes fully furnished, ready for immediate occupancy Mechanical Systems Three brand-new furnaces installed for efficient climate control New high-capacity water heater Updated HVAC and plumbing for peace of mind Zoning & Use Potential Zoned R-R-1 - Residential or Commercial Use Permitted Ideal for: professional offices, salon, medical practice, short-term rental, student housing, or live/work Walking distance to downtown Wheaton, Metra station, retail, and restaurants --- Why This Property Stands Out: $150K+ invested in upgrades within the last year Never leased - no inherited tenants or wear Flexible dual-use zoning (R-R-1) Turnkey condition with low maintenance Highly visible, high-traffic location Motivated Seller - Ready to Move On

Listing Courtesy of MRED as distributed by MLS Grid of Limra Realty



Based on information submitted to the MLS GRID as of 2025-06-18 01:22 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-06-18 01:22 PM UTC
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