Restaurant and Banquet
For Sale
Contact for pricing
1301 American Ln, Schaumburg, IL 60173
Freestanding restaurant and banquet facility with surface parking and extensive frontage along American Lane.
Property Size22,668 SF
Lot Size4.28 Acres
Days on Market632
Property Features for 1301 American Ln
General Information
Standard status
Active
Size
22,668 SF
Total Parking Spaces
265
Lot size
4.28 Acres
Property subtype
RETAIL
Zoning
B-3
Listing Agency:
Mid-America Real Estate Group | Chicago
(630) 954-7390
Listed By:
Brendan Reedy
Source:
Moodyscre
Added: Nov 5, 2024
Changed: Jul 26
Last Checked: Jul 30 at 12:59PM
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 Mid-America Real Estate Group | Chicago
Investment Insights
Based on property information with market context.
An existing 22,668 SF restaurant and banquet facility offered for sale. The property sits on 4.28 acres and is zoned B-3. Parking is supported by 265 surface spaces, and the site provides more than 400’ of frontage along American Lane.
The property is located in the heart of a super regional trade area. The listed potential uses include entertainment, medical office, hotel, veterinary, school, preschool, banquet, and restaurant.
The property is located in the heart of a super regional trade area. The listed potential uses include entertainment, medical office, hotel, veterinary, school, preschool, banquet, and restaurant.
Key Highlights
- 22,668 SF existing restaurant and banquet facility
- 4.28 acres of land with B‑3 zoning
- 265 surface parking spaces
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,646
Businesses Nearby
229k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Electronics 19%
Hotels & Casinos 8%
Shops & Services 4%
Chick-fil-A
Dining
44,424 visits/mo
0.3 miles
Best Buy
Electronics
44,163 visits/mo
0.4 miles
McDonald's
Dining
30,163 visits/mo
0.2 miles
Panera Bread
Dining
17,773 visits/mo
0.4 miles
Starbucks
Dining
17,026 visits/mo
0.3 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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Similar Off Market Nearby
- Shabu-You Japanese Buffet — 1180 Plaza Dr, Schaumburg, IL 60173
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant and banquet facility with surface parking and extensive frontage along American Lane.
Where is this conventional restaurant located?
The property is located at 1301 American Ln Schaumburg, IL.
What are key features of this property?
This property features: 22,668 SF existing restaurant and banquet facility; 4.28 acres of land with B‑3 zoning; 265 surface parking spaces
