Schaumburg Retail Investment
For Sale
$5,899,000
1837 Irving Park Road, Schaumburg, IL 60193
Fully occupied retail property in a dynamic Schaumburg location.
Property Size16,448 SF
Price / SF$358.65
Days on Market159
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) 314-0527
Source:
Commercialcafe
Added: May 20
Changed: Oct 25
Last Checked: Oct 24 at 1:37PM
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
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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 / Yr
$228,301
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
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
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 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 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.68M
$4.97M – $6.63M
NOI $397,512 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Golf Plaza Mall — 6894 edgebrook ln, hanover park, il 60133
- Orchard Lane Center — 7211 Orchard Ln, Hanover Park, IL 60133
- Wise Plaza — 600 Wise Rd, Hanover Park, IL 60133
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 $5,899,000.
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.
