Schaumburg Retail Investment
For Sale
$6,350,000
1837 Irving Park Road, Schaumburg, IL 60193
Fully occupied retail property in a dynamic Schaumburg location.
Property Size16,448 SF
Price / SF$386.07
Days on Market108
Property Features for 1837 Irving Park Road
General Information
Standard status
Active
Size
16,448 SF
Property subtype
Retail
Building Details
Building Size
16,448 SF
Year Built
2007
Units
7
Listing Agency:
Macadam Forbes
Listed By:
Skip Rotticci, CCIM · License ##200204348
(503) 227-2500
Source:
Commercialcafe
Added: May 20
Changed: Sep 4
Last Checked: Sep 2 at 8:34PM
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. Constructed in 2007, the building spans 16,448 square feet and is divided into 7 units. Zoned B2 General Business District, the property is currently 100% occupied. The property is suitable for retail and neighborhood center investors, capitalizing on a location with high visibility and accessibility.
Key Highlights
- Prime Location in Schaumburg: Benefits from high visibility and accessibility.
- 100% Occupancy Rate: Ensures immediate returns on investment.
- 16,448 SF Building: Provides substantial space for diverse tenant opportunities.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$228,301
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,566,020
$4.6M
Cap Rate 7%
$3,261,443
$3.3M
Cap Rate 9%
$2,536,678
$2.5M
Market Conditions
NOI Build-Up for 16,448 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$355.3K $21.60/SF
− Vacancy
−$29.1K −$1.77/SF
EGI
$326.1K $19.83/SF
− OpEx
−$97.8K −$5.95/SF
NOI
$228.3K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,566,020
Cap Rate 7%
$3,261,443
Cap Rate 9%
$2,536,678
Alternative Uses
Best Use
Retail
$3.26M
$2.85M – $3.81M
NOI $228,301 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.68M
$4.97M – $6.63M
NOI $397,512 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
54k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 47%
Home Improvements & Furnishings 3%
Culver's
Dining
14,827 visits/mo
0.2 miles
Dollar General
Shops & Services
10,734 visits/mo
0.2 miles
Starbucks
Dining
9,080 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,065 visits/mo
0.1 miles
BP
Shops & Services
5,467 visits/mo
0.4 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail property in a dynamic Schaumburg location.
Where is this shopping center located?
The property is located at 1837 Irving Park Road Schaumburg, IL.
What is the asking price?
The asking price for this property is $6,350,000.
What are key features of this property?
This property features: Prime Location in Schaumburg: Benefits from high visibility and accessibility.; 100% Occupancy Rate: Ensures immediate returns on investment.; 16,448 SF Building: Provides substantial space for diverse tenant opportunities.
