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Call For Offers
2.7 Acre Development Site
High Traffic Location on Roosevelt Road
|NRC is calling for offers on this prime 2.7-acre development site located in the City of Wheaton with 300 feet of frontage on Roosevelt Road (Route 38), the primary east-west commercial corridor of Wheaton and neighboring Village of Glen Ellyn. This is a high traffic location with 35,100 vehicles per day passing by the site. The area is populous and affluent. Within a 3-mile radius there are 109,000 people across 40,000 households earning an average household income of $125,660.|
The property has flexible C-3 zoning, which allows for a multitude of uses. Nearby development includes a Mariano's Grocery Store, Fresh Market, CVS, Walgreen's, Kohl's, Target, Auto Zone, O'Reilly's Auto Parts, Pet Supply Plus, McDonald's, Boston Market, Jimmy Johns, Subway, Dunkin Donuts, Papa Johns, and the Seven Dwarfs restaurant, plus the popular Cantigny Park and golf course.
Site was previously a car dealership and is improved with two auto related structures containing a gross building area of about 20,000 square feet, but these have reached the end of the useful, economic life. The adjoining 34,850 sf parcel at 700 E Roosevelt Rd. is under contract and expected to be developed into a restaurant concept.
Buyer’s Premium 2.5%. To obtain additional property information, download the Due Diligence Material, and receive sale updates, sign-up for the sale below and login to your NRC.com account.
|Bid Deadline||August 22|
|Cross Streets||E Roosevelt Road & S Chase Street|
|Frontage (E Roosevelt Road)||300 Feet|
|Call For Offers Process|
|NRC is conducting a structured sale process to obtain the highest and best offer, as a combination of price and terms, from a buyer offering the greatest likelihood of closing escrow in the shortest period of time. Please see the “Sale Process Overview and Terms” page above for more information.|
|Although information has been obtained from sources deemed reliable, NRC Realty & Capital Advisors, LLC and/or its representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without expressed or implied warranty of any kind. Lot and building sizes are approximate. Property may be withdrawn at any time without notice.|