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Schaumburg Retail Investment Opportunity
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1837 Irving Park Road, Schaumburg, IL 60193

Fully occupied 16,448 SF retail property in Schaumburg, Illinois.

Property Size16,448 SF
Days on Market119

Property Features for 1837 Irving Park Road

General Information

Standard status Active
Size 16,448 SF
Total Parking Spaces 102
Property subtype Retail
Zoning B2 General Business District

Building Details

Building Size 16,448 SF
Year Built 2007
Listing Agency: Macadam Forbes
Listed By: Skip Rotticci, CCIM · License #OR #200204348
Source: Macadamforbes
Added: Apr 13 Changed: Aug 8 Last Checked: Aug 8 at 2:54PM

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 Macadam Forbes

Investment Insights

Based on property information with market context.

This commercial property in Schaumburg presents an investment opportunity. The property features a 16,448 square foot building constructed in 2007, containing 7 units. The property is zoned B2 General Business District. The building is fully occupied. The location offers high visibility and accessibility in the Schaumburg area. The property is suitable for retail and neighborhood center investors. The tenant mix includes medical, food service, and fitness businesses. The property has net leases and is located approximately 1/2 mile from I-390, with easy access to both I-90 and I-390.

Key Highlights

  • 100% Occupancy Rate guaranteeing immediate returns.
  • Prime location in thriving Schaumburg area with high visibility and accessibility.
  • Well‑maintained 16,448 SF building constructed in 2007, offering modern appeal.

Property Analytics

Current Use

Starbucks Cafe & Coffee Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

684
Businesses Nearby
41k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 55% Dining 45%
Starbucks Dining
13,641 visits/mo 0.5 miles
BP Shops & Services
12,897 visits/mo 0.4 miles
Shell Shops & Services
9,983 visits/mo 0.4 miles
La Hacienda Dining
4,917 visits/mo 0.3 miles

Demographics for 60193, IL

40,805
Population
16,478
Households
2.5
Avg Household Size
42
Median Age
44%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
4,637
Density / Sq Mi
$92,284
Median Household Income
$57,707
Median Earnings
$1,699
Median Rent
$317,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Fully occupied 16,448 SF retail property in Schaumburg, Illinois.
Where is this shopping center located?
The property is located at 1837 Irving Park Road Schaumburg, IL.
What are key features of this property?
This property features: 100% Occupancy Rate guaranteeing immediate returns.; Prime location in thriving Schaumburg area with high visibility and accessibility.; Well‑maintained 16,448 SF building constructed in 2007, offering modern appeal.
More about this property
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