Schaumburg Former Bank Branch
275 S Roselle Rd Schaumburg, IL 60193
275 S Roselle Rd, Schaumburg, IL, 60193
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For Sale
Contact for pricing
Vacant 8,184 SF bank branch on Roselle Road.
Property Size8,184 SF
Price / SF$256.60
Days on Market2004
Property Features for 275 S Roselle Rd
General Information
- Standard status
- Active
- Size
- 8,184 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1975
Listing agency
Imperial Realty Company
(773) 736-6461
Listed by
Theron May · License #IL 471.019986
Source
Crexi
Added: Jan 24, 2021 Updated: Jul 6 at 8:08AM Checked: Jul 21 at 7:45AM
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 Imperial Realty Company
Investment Insights
Based on property information with market context.
Located on the east side of Roselle Road, approximately 500 yards south of Schaumburg Road, at the northeast corner of Roselle Road and Scully Drive in Schaumburg, Illinois, this property features a vacant, one-story masonry-constructed single-tenant bank branch facility. The building encompasses 8,184 square feet between the ground floor and a usable lower level. The layout includes private offices, a general office area, a teller line and drive-up facilities, a break room, and washrooms. The lower level is equipped with a sprinkler system, and the building has an elevator. The property has 275 feet of frontage and over 50 parking spots. It is located within a B-2 Zoning: General Business District. The surrounding area has a population of 57,683 within a 2-mile radius and 23,000 households within the same radius. The average household income within a 1-mile radius is $78,337. Roselle Road sees over 30,000 vehicles per day.
Key Highlights
- High Traffic Location: Over 30,000 Vehicles Per Day (VPD) on Roselle Road.
- Large Building: 8,184 square foot former bank branch facility with ground floor and useable lower level.
- Ample Parking: Over 50 parking spots available.
Local Financial Insights For Specialty 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 | $196.4k | $24.00 |
| − Vacancy | −$13.7k | −$1.68 |
| EGI | $182.7k | $22.32 |
| − OpEx | −$45.7k | −$5.58 |
| NOI | $137.0k | $16.74 |
8,184 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.96M
$1.71M – $2.28M
NOI $137,000 @ 7.0% cap · market cap 6.52%
Second Best
Retail
$1.62M
$1.42M – $1.89M
NOI $113,595 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$2.83M
$2.47M – $3.30M
NOI $197,789 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Whole Building Ventilation ...
Production Facility
Dumpsters Guys from ...
General Contractor
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FAQs
What type of property is this?
Bank - Vacant 8,184 SF bank branch on Roselle Road.
Where is this bank located?
The property is located at 275 S Roselle Rd Schaumburg, IL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: High Traffic Location: Over 30,000 Vehicles Per Day (VPD) on Roselle Road.; Large Building: 8,184 square foot former bank branch facility with ground floor and useable lower level.; Ample Parking: Over 50 parking spots available.
