Schaumburg Retail Investment
1837 Irving Park Road Schaumburg, IL 60193
For Sale
Contact for pricing
Fully occupied retail property in a dynamic Schaumburg location.
Property Size16,448 SF
Price / SF$386.07
Days on Market69
Property Features for 1837 Irving Park Road
General Information
- Standard status
- Active
- Size
- 16,448 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Skip Rotticci · License #OR 200204348
Source:
Crexi
Added: May 19
Changed: Jul 10
Last Checked: Jul 25 at 2:43PM
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $355.3k | $21.60 |
| − Vacancy | −$29.1k | −$1.77 |
| EGI | $326.1k | $19.83 |
| − OpEx | −$97.8k | −$5.95 |
| NOI | $228.3k | $13.88 |
16,448 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Starbucks
Cafe & Coffee Shop
Similar Off Market Nearby
- Orchard Lane Center — 7211 Orchard Ln, Hanover Park, IL 60133
- Wise Plaza — 600 Wise Rd, Hanover Park, IL 60133
- Golf Plaza Mall — 6894 edgebrook ln, hanover park, il 60133
FAQs
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.
