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506-604 W Wise Rd Schaumburg, IL 60193

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For Sale
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Multi-tenant retail center on 3.36 acres in Schaumburg, Illinois.

Property size:
29,621 SF
Lot size:
3.53 Acres

Property Features for 506-604 W Wise Rd

General Information

Size
29,621 SF
Lot size
3.53 Acres

Source: Cawley Chicago Agent Rawly Lantz, SIOR

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


Overview

Schaumburg Retail Center For Sale

Cove Plaza, located at 506-604 West Wise Road in Schaumburg, Illinois, is a multi-tenant retail center available for purchase. The property features a total size of approximately 29,621 square feet, including an out-lot restaurant of approximately 3,150 square feet and an in-line strip center of approximately 26,471 square feet. The property is situated on a site area of approximately 3.36 acres. Constructed in 1988, the building features masonry construction. There are 198 surface parking spaces available, providing a parking ratio of 6.8 spaces per 1,000 square feet. The property is zoned B-2, General Business District. The location benefits from a traffic count of 17,090 vehicles per day at Wise Road and Spring Cove Drive. The current occupancy rate is 93%. The property is equipped with 21 roof-mounted HVAC units, with tenants responsible for maintenance. Signage includes a pylon sign along Wise Road.
Location Intelligence

Current Use by Public Records

Cove Shopping Plaza Business Center

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
-88.0936893
Latitude
42.005109

FAQs

What type of property is this?
Strip mall - Multi-tenant retail center on 3.36 acres in Schaumburg, Illinois.
Where is this strip mall located?
The property is located at 506-604 W Wise Rd Schaumburg, IL.
What are key features of this property?
This property features: - High Occupancy Rate: 93% current occupancy indicates strong tenant demand and immediate income potential.; - Sizeable Retail Center: 29,043 rentable square feet provides substantial space.; - Favorable Parking Ratio: 198 surface spaces (6.8 : 1,000 Sq. Ft.) offers ample parking for customers.
More about this property
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