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    Schaumburg Retail Center For Sale Title is generated by Realmo AI

    506-604 W Wise Rd, Schaumburg, IL

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

    Type:RETAIL
    Property size:
    29,621 SF
    Lot size:
    3.53 Acres
    Added:
    Sep 22, 2023
    Days on Market:
    997
    Last Refresh:
    May 19 at 8:30 pm

    Property Features for 506-604 W Wise Rd

    General Information

    Standard status
    Active
    Size
    29,621 SF
    Lot size
    3.53 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Rawly Lantz, SIOR
    Rawly Lantz, SIOR

    Listing agent Rawly Lantz, SIOR

    Listing office Cawley Chicago

    Listing date Sep 22, 2023

    Source Moodyscre

    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 Cawley Chicago

    HighLights

    • 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.
    • Prime Location: Situated on 3.36 acres on Wise Road in Schaumburg, Illinois.
    • High Traffic Count: 17,090 VPD (Wise Road & Spring Cove Drive) ensures excellent visibility and exposure.
    • Out‑Lot Restaurant: Includes a ± 3,150 Sq. Ft. out‑lot restaurant.

    Overview

    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 Service Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop 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
    -88.0937
    Latitude
    42.0051

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    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.
    (630) 886-3069 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rawly Lantz, SIOR
    Rawly Lantz, SIOR
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