Single-Tenant Bank Ground
For Sale
Contact for pricing
1310 Meacham Road, Schaumburg, IL 60173
2017-built credit union property with a long-term ground lease and scheduled rent increases.
Property SizeContact for details
Days on Market142
Property Features for 1310 Meacham Road
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
36,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2017
Buildings
1
Tenancy
Single
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 10
Changed: Aug 29
Last Checked: Aug 29 at 1:22PM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This single-tenant ground lease supports a credit union facility constructed in 2017. The lease provides a 15-year initial term, 10% rental escalations every five years, and four additional five-year renewal options. Landlord responsibilities are described as zero under the lease structure.
The property is located at 1310 Meacham Road in Schaumburg, within the Chicago MSA and across from Woodfield Mall. North Meacham Road carries 36,000 VPD, while nearby Interstate 90 and Interstate 290 carry 157,100 VPD and 136,300 VPD, respectively. The site is also near IKEA, Costco, Kohl’s, Life Time Fitness, Target, Whole Foods, AMC, and Dick’s Sporting Goods.
The surrounding five-mile area includes 276,160 residents. Schaumburg is approximately 30 miles from Chicago and 10 miles west of O’Hare International Airport.
The property is located at 1310 Meacham Road in Schaumburg, within the Chicago MSA and across from Woodfield Mall. North Meacham Road carries 36,000 VPD, while nearby Interstate 90 and Interstate 290 carry 157,100 VPD and 136,300 VPD, respectively. The site is also near IKEA, Costco, Kohl’s, Life Time Fitness, Target, Whole Foods, AMC, and Dick’s Sporting Goods.
The surrounding five-mile area includes 276,160 residents. Schaumburg is approximately 30 miles from Chicago and 10 miles west of O’Hare International Airport.
Key Highlights
- Single‑tenant ground lease for Andigo Credit Union
- 15‑year initial lease term with 10% rental escalation every five years
- Four 5‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
36,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,464
Businesses Nearby
653k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 33%
Superstores 25%
Dining 24%
Shops & Services 14%
Costco Wholesale
Superstores
165,515 visits/mo
0.3 miles
JCPenney
Apparel
113,425 visits/mo
0.5 miles
Costco Gasoline
Shops & Services
79,692 visits/mo
0.2 miles
Nordstrom Rack
Apparel
56,712 visits/mo
0.4 miles
Sierra
Apparel
25,981 visits/mo
0.4 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
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Frequently Asked Questions
What type of property is this?
Bank - 2017-built credit union property with a long-term ground lease and scheduled rent increases.
Where is this bank located?
The property is located at 1310 Meacham Road Schaumburg, IL.
What are key features of this property?
This property features: Single‑tenant ground lease for Andigo Credit Union; 15‑year initial lease term with 10% rental escalation every five years; Four 5‑year renewal options
