Wheaton Multifamily Redevelopment Overview
CHICAGO, IL – October 28, 2025 – eXp Commercial, a division of eXp World Holdings, Inc. (NASDAQ: EXPI), announced the sale of a redevelopment property at 100 W Roosevelt Road in Wheaton, Illinois, for $1,475,000.
This transaction marks a notable Wheaton multifamily redevelopment, highlighting continued investor demand for suburban adaptive-reuse opportunities across the Chicago metropolitan area.
About the Transaction
The property consists of two approximately 12,000-square-foot office buildings, totaling about 24,000 square feet on 1.2 acres along Roosevelt Road near downtown Wheaton.
The buyer, a local developer, plans to convert the existing office space into 22 modern multifamily units after successful rezoning from office to residential use.
Randolph Taylor, CCIM, Vice President and Multifamily Investment Sales Broker with eXp Commercial’s National Multifamily Division in Chicago, represented the seller.
“This sale demonstrates both market creativity and municipal collaboration,” Taylor said. “Communities like Wheaton are increasingly supporting adaptive-reuse initiatives that add housing diversity while revitalizing established corridors.”
Adaptive Reuse in Chicago’s Suburban Market
The Wheaton project exemplifies the broader trend of adaptive reuse in Chicago’s suburban real-estate market, where underperforming office properties are being repositioned into residential housing.
Located near downtown Wheaton, the site benefits from strong demographics, proximity to retail and dining, and excellent transportation access, making it a prime candidate for suburban multifamily redevelopment.
The project will contribute to the ongoing revitalization of Wheaton’s Roosevelt Road commercial corridor.
About eXp Commercial
eXp Commercial is a division of eXp World Holdings, Inc. (NASDAQ: EXPI), one of the fastest-growing real estate brokerages globally.
The firm provides a cloud-based platform for commercial professionals, delivering national coverage, data-driven marketing, and advisory services across all asset classes.
Learn more at www.expcommercial.com.
About Randolph Taylor, CCIM
Randolph Taylor, CCIM, is Vice President and Multifamily Investment Sales Broker with eXp Commercial’s National Multifamily Division in Chicago.
With over 25 years of experience, he specializes in maximizing property value through strategic marketing, valuation advisory, and disposition of multifamily and mixed-use assets.
Press Contact:
Randolph Taylor, CCIM
Vice President | Multifamily Investment Sales Broker
eXp Commercial – Chicago | NASDAQ: EXPI
📧 rtaylor@creconsult.net | ☎ (630) 474-6441
Full Release: Link
https://creconsult.net/exp-commercial-wheaton-multifamily-redevelopment/?fsp_sid=2170
