New U.S. Bank Ground
For Sale
Contact for pricing
1297 E Higgins Rd, Schaumburg, IL 60173
New construction U.S. Bank ground lease in Schaumburg, Illinois.
Property Size3,870 SF
Price / SF$1,162
Days on Market142
Property Features for 1297 E Higgins Rd
General Information
Standard status
Active
Size
3,870 SF
Total Parking Spaces
30
Property subtype
Retail
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$225,000
Building Details
Year Built
2025
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap SWM Group
Listed By:
Austin Weisenbeck · License #IL 475.140200
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 10 at 3:13PM
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 Marcus & Millichap SWM Group
Investment Insights
Based on property information with market context.
This property features a brand new 2025 construction ground-leased U.S. Bank with nearly 10 years of remaining term and 7.5 percent rent increases every five years. The lease includes a corporate guarantee from U.S. Bank National Association. It is an outlot to Park St. Claire, a shopping center ranked in the top 8 percent nationwide by visits, with 4 million annual visitors. The shopping center is anchored by a Target, ranked in the top 8 percent nationwide with 2 million visitors, and a Kohl's, ranked in the top 16 percent nationwide with 504K visitors. The property is located at the signalized intersection of Higgins Road and N Meacham Road, which sees 71,400 vehicles per day, with access to Interstates 290 and 90. The site is located within the Woodfield retail corridor, less than a mile from Woodfield Mall and Streets of Woodfield. The surrounding area has 87,373 residents and 154,201 employees within three miles, with an average household income of $156,219 within one mile. The property size is 3870 square feet.
Key Highlights
- Brand new 2025 construction U.S. Bank with corporate guarantee.
- Nearly 10 years of remaining lease term with 7.5% rent increases every five years.
- Located in the highly trafficked Woodfield retail corridor, less than a mile from Woodfield Mall and Streets of Woodfield.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
274k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 40%
Dining 25%
Groceries 23%
Shops & Services 11%
DICK'S Sporting Goods
Apparel
110,227 visits/mo
0.4 miles
Whole Foods Market
Groceries
62,296 visits/mo
0.5 miles
Shell
Shops & Services
28,834 visits/mo
0.5 miles
Seasons 52
Dining
16,102 visits/mo
0.3 miles
Big Bowl
Dining
13,732 visits/mo
0.2 miles
Demographics for 60173, IL
13,764
Population
6,901
Households
2
Avg Household Size
35
Median Age
67%
College-Educated
97%
High-School Grad
6.4 sq mi
ZIP Area
2,151
Density / Sq Mi
$99,975
Median Household Income
$68,305
Median Earnings
$1,786
Median Rent
$311,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - New construction U.S. Bank ground lease in Schaumburg, Illinois.
Where is this bank located?
The property is located at 1297 E Higgins Rd Schaumburg, IL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Brand new 2025 construction U.S. Bank with corporate guarantee.; Nearly 10 years of remaining lease term with 7.5% rent increases every five years.; Located in the highly trafficked Woodfield retail corridor, less than a mile from Woodfield Mall and Streets of Woodfield.
