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    1801 Wise Rd Schaumburg, IL 60193

    Sponsored
    For Sale
    $2,500,000

    Established business, high traffic area. Great investment opportunity.

    Property size:
    17,864 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional commercial property, located at 1801 W Wise Road in Schaumburg, Illinois, presents a unique investment opportunity. The 17,864 square foot building currently operates as an established car care center, boasting a history of consistent operation and no vacancies. Its prime location offers significant advantages, situated in a high-traffic area with convenient access to major roads and expressways, ensuring high visibility and accessibility for customers. The property sits on a 0-acre lot, providing ample space for the existing business operations. The versatile nature of the building allows for a multitude of potential uses beyond its current configuration. Entrepreneurs and investors will appreciate the potential for expansion or adaptation to suit various retail or other commercial ventures. The strong existing business provides immediate cash flow, making this a compelling investment opportunity with significant upside potential. The lack of vacancies underscores the property's desirability and the strength of its location. This is a rare chance to acquire a well-established, profitable business in a highly desirable location. Don't miss this chance to secure a valuable asset in the thriving Schaumburg market. The asking price is $2,500,000.

    Property Features for 1801 Wise Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    17,864 SF

    Building Details

    Year Built
    1986
    Property Profile Location Intelligence

    Current Use by Public Records

    Chino's Automotive Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.12469
    Latitude
    42.00304

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    FAQs

    What type of property is this?
    Commercial real estate - Established business, high traffic area. Great investment opportunity.
    Where is this commercial real estate located?
    The property is located at 1801 Wise Rd Schaumburg, IL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    (773) 797-9500
    Request Owner's contact information
    1801 Wise Rd 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
    1801 Wise Rd Schaumburg, IL 60193
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