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    1461-1521 W Schaumburg Rd Schaumburg, IL 60194

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    For Lease
    $10 SF/Yr

    Retail spaces available in a high-traffic, anchored shopping center.

    Property size:
    31,401 SF
    Lot size:
    9.53 Acres

    Property Features for 1461-1521 W Schaumburg Rd

    General Information

    Size
    31,401 SF
    Lot size
    9.53 Acres

    Source: Colliers | Chicago Rosemont Agent Brad Belden

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

    Overview

    Retail Space with High Visibility

    Retail spaces are available, ranging from 565 square feet to 31,000 square feet, including a 14,000 square foot area with ceilings over 12 feet. The property is part of a shopping center anchored by Walgreen's. It features monument signage along Schaumburg Road and significant frontage of 779 feet on Schaumburg Road. The location benefits from high traffic counts exceeding 35,000 vehicles daily. There are 400 parking spaces available, providing a parking ratio of 4.38 spaces per 1,000 square feet. One available space is a former banquet hall space of 31,000 square feet with 16-foot ceilings. The average household income in the area is over $100,000. The property also has direct access to neighboring properties.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Similar Places Nearby

    Weathersfield Commons Plazza

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.1172081
    Latitude
    42.0254538

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in a high-traffic, anchored shopping center.
    Where is this shopping center located?
    The property is located at 1461-1521 W Schaumburg Rd Schaumburg, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Anchored by Walgreen's, a strong national tenant; - High traffic counts exceeding 35,000 vehicles daily on Schaumburg Road; - Ample parking with 400 spaces
    (773) 531-6886
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    1461-1521 W Schaumburg Rd Schaumburg, IL 60194
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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
    1461-1521 W Schaumburg Rd Schaumburg, IL 60194
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