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    1301 American Ln, Unit | Schaumburg Schaumburg, IL 60173

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    For Sale
    Contact for pricing

    22,668 SF restaurant on 4.28 acres, near Woodfield Mall.

    Building Details

    Year built
    2004
    Source: Midamericagrp

    Listing Agent: Brendan Reedy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Existing Restaurant Near Woodfield Mall

    This property features an existing 22,668 square foot restaurant situated on a 4.28-acre lot. The location is approximately 1,500 feet from Woodfield Mall.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SREE ANANDA VILAS Restaurant Schaumburg Indian Grill ... Indian Restaurant Schaumburg Banquet Banquet Hall Grillhouse by David ... Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0478781
    Latitude
    42.0468991

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    FAQs

    What type of property is this?
    Restaurant - 22,668 SF restaurant on 4.28 acres, near Woodfield Mall.
    Where is this restaurant located?
    The property is located at 1301 American Ln, Unit | Schaumburg Schaumburg, IL.
    What are key features of this property?
    This property features: - Located only 1,500 feet from Woodfield Mall; - Existing 22,668 SF restaurant; - Sits on a 4.28 acre lot
    (630) 954-7390
    Request Owner's contact information
    1301 American Ln, Unit | Schaumburg Schaumburg, IL 60173
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    Schaumburg, IL 60173
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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
    1301 American Ln, Unit | Schaumburg Schaumburg, IL 60173
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