Schaumburg Former Bank Branch
For Sale
Contact for pricing
275 S Roselle Rd, Schaumburg, IL 60193
Vacant 8,184 SF bank branch on Roselle Road.
Property Size8,184 SF
Price / SF$256.60
Days on Market2096
Property Features for 275 S Roselle Rd
General Information
Standard status
Active
Size
8,184 SF
Class
A
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
1975
Year Renovated
2010
Buildings
1
Stories
1
Listing Agency:
Imperial Realty Company
Listed By:
Theron May · License #IL 471.019986
(773) 736-6461
Source:
Crexi
Added: Jan 24, 2021
Changed: Oct 10
Last Checked: Oct 20 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 Imperial Realty Company
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,000
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,740,000
$2.7M
Cap Rate 7%
$1,957,143
$2.0M
Cap Rate 9%
$1,522,222
$1.5M
Market Conditions
NOI Build-Up for 8,184 SF
Gross rent
$196.4K $24.00/SF
− Vacancy
−$13.7K −$1.68/SF
EGI
$182.7K $22.32/SF
− OpEx
−$45.7K −$5.58/SF
NOI
$137.0K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,740,000
Cap Rate 7%
$1,957,143
Cap Rate 9%
$1,522,222
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
159k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 26%
Groceries 25%
Electronics 1%
Tony's Fresh Market
Groceries
39,485 visits/mo
0.3 miles
McDonald's
Dining
21,244 visits/mo
0.4 miles
Lou Malnati's Pizzeria
Dining
19,086 visits/mo
0.3 miles
Dollar Tree
Shops & Services
15,706 visits/mo
0.5 miles
Shell
Shops & Services
9,760 visits/mo
0.5 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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.
