Industrial Property with New
For Sale
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1670 Basswood Rd, Schaumburg, IL 60173
Updated building improvements and a refreshed parking area support continued industrial use.
Property Size29,120 SF
Price / SF$150
Days on Market387
Property Features for 1670 Basswood Rd
General Information
Standard status
Active
Size
29,120 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
CBRE | Chicago
(312) 935-1400
Listed By:
Philip DeBoer
(847) 706-4970
Source:
Moodyscre
Added: Sep 29, 2025
Changed: Oct 3
Last Checked: Oct 19 at 8:46AM
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 CBRE | Chicago
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Investment Insights
Based on property information with market context.
This industrial property contains 29,120 square feet and has received several recent exterior improvements. The roof was replaced in 2025, while the parking lot was sealcoated and restriped during the same year.
The property provides immediate access to I-90 and is located at 1670 Basswood Rd in Schaumburg, Illinois. The combination of substantial building area, current roof improvements, and updated parking infrastructure offers a practical base for industrial operations.
The property provides immediate access to I-90 and is located at 1670 Basswood Rd in Schaumburg, Illinois. The combination of substantial building area, current roof improvements, and updated parking infrastructure offers a practical base for industrial operations.
Key Highlights
- 29,120 square feet of industrial property
- Brand‑new roof completed in 2025
- Parking lot sealcoated and re‑striped in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,352
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,507,040
$2.5M
Cap Rate 7%
$1,790,743
$1.8M
Cap Rate 9%
$1,392,800
$1.4M
Market Conditions
NOI Build-Up for 29,120 SF
Gross rent
$188.7K $6.48/SF
− Vacancy
−$9.6K −$0.33/SF
EGI
$179.1K $6.15/SF
− OpEx
−$53.7K −$1.84/SF
NOI
$125.4K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,507,040
Cap Rate 7%
$1,790,743
Cap Rate 9%
$1,392,800
Alternative Uses
Best Use
Industrial
$1.79M
$1.57M – $2.09M
NOI $125,352 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.05M
$8.80M – $11.73M
NOI $703,767 @ 7.0% cap · market cap 16.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Updated building improvements and a refreshed parking area support continued industrial use.
Where is this industrial property located?
The property is located at 1670 Basswood Rd Schaumburg, IL.
What is the asking price?
The asking price for this property is $4,368,000.
What are key features of this property?
This property features: 29,120 square feet of industrial property; Brand‑new roof completed in 2025; Parking lot sealcoated and re‑striped in 2025
