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Retail Space Near Woodfield Mall
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1020 North Meacham Road, Schaumburg, IL 60173

Highly visible retail space with easy access near Woodfield Mall.

Days on Market250

Property Features for 1020 North Meacham Road

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Chicago
Listed By: Sean McCourt
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 10 Last Checked: Jul 30 at 3:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Chicago

Investment Insights

Based on property information with market context.

This retail space offers direct frontage on Meacham Road, with a traffic count of 24,100 vehicles per day. It benefits from full signalized access and is located directly across from Woodfield Mall, the number one shopping destination in Illinois, sharing a traffic light with the mall. The property is situated in a top suburban location with over 30 million square feet of office, retail, and industrial space, and more than 200 restaurants.

Key Highlights

  • Directly across from Woodfield Mall, Illinois' #1 shopping destination
  • Highly visible with direct frontage on Meacham Road (24,100 vehicles per day)
  • Full signalized access

Property Analytics

Current Use

BenjYehuda - Schaumburg Take-out & Catering

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Daycare Center Plumbing Service Catering Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,059
Businesses Nearby
145k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 32% Hotels & Casinos 27% Shops & Services 25% Groceries 16%
Renaissance Schaumburg Convention Center Hotel Hotels & Casinos
32,554 visits/mo 0.4 miles
Aldi Groceries
23,214 visits/mo 0.4 miles
Culver's Dining
20,785 visits/mo 0.3 miles
Shell Shops & Services
18,651 visits/mo 0.3 miles
Wendy's Dining
14,953 visits/mo 0.4 miles

Demographics for 60173, IL

13,764
Population
6,901
Households
2
Avg Household Size
35
Median Age
67%
College-Educated
97%
High-School Grad
6.4 sq mi
ZIP Area
2,151
Density / Sq Mi
$99,975
Median Household Income
$68,305
Median Earnings
$1,786
Median Rent
$311,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Shopping mall - Highly visible retail space with easy access near Woodfield Mall.
Where is this shopping mall located?
The property is located at 1020 North Meacham Road Schaumburg, IL.
What are key features of this property?
This property features: Directly across from Woodfield Mall, Illinois' #1 shopping destination; Highly visible with direct frontage on Meacham Road (24,100 vehicles per day); Full signalized access
More about this property
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