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    515 Lunt Ave Schaumburg, IL 60193

    For Sale
    $1,290,000

    Commercial Sale - Schaumburg, IL

    Property size:
    5,700 SF
    Lot size:
    0.70 Acres
    Days on Market:
    69
    Last Refresh:
    Dec 15 at 1:06 am

    Property Features for 515 Lunt Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    INDUS
    APN
    07332020220000
    Size
    5,700 SF
    Lot size
    0.70 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Number of units
    2
    Flooring type
    Concrete, Tile
    Roof type
    Tar/Gravel
    Architectural style
    Other

    Century 21 TK Realty (630) 543-7000 [email protected]

    Listing agent Regi Ortega (630) 543-7000 License #475125597

    Listing date Oct 8, 2025

    MLS# 12485872 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Schaumburg Industrial Building with Parking

    This brick industrial building is located in Schaumburg's central business district. The property features a 2,500 square foot warehouse with 18-foot ceilings, floor drains, and two drive-in doors. There is also 1,600 square feet of shelved storage and a two-story, 1,600 square foot office space with a kitchenette and four bathrooms. The property includes a fully paved, village-approved 15,000 square foot fenced parking lot with approximately 70 spaces. The property, situated on a 0.7-acre lot, is suitable for auto repair, contractors, yard space, or a variety of other business uses. The building is well-maintained, highly functional, and compliant with Village green space requirements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0932246
    Latitude
    42.0014512

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    FAQs

    What type of property is this?
    Industrial property - Versatile industrial building with warehouse, office, and fenced parking.
    Where is this industrial property located?
    The property is located at 515 Lunt Ave Schaumburg, IL.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: - 2,500 SF warehouse featuring 18' ceilings and two drive-in doors.; - 15,000 SF fenced and paved parking lot with approximately 70 spaces.; - Located in Schaumburg's central business district.
    (630) 543-7000
    Request Owner's contact information
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    Schaumburg, IL 60193
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 Lunt Ave Schaumburg, IL 60193
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