Retail/Flex Multi-Tenant
469-487 W Wise Rd Schaumburg, IL 60193
469-487 W Wise Rd, Schaumburg, IL, 60193
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For Sale
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Multi-tenant retail/flex building with 10 units in Schaumburg’s Wise Road corridor.
Property Size11,500 SF
Price / SF$195.65
Days on Market88
Property Features for 469-487 W Wise Rd
General Information
- Standard status
- Active
- Size
- 11,500 SF
- Property subtype
- Retail, Industrial, Office
Building Details
- Year Built
- 1988
Listing agency
Coldwell Banker Commercial Realty
Listed by
Anthony Catanese · License #TX
Source
Crexi
Added: Apr 25 Updated: Jul 20 at 5:30PM Checked: Jul 20 at 5:30PM
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 Coldwell Banker Commercial Realty
Investment Insights
Based on property information with market context.
Coldwell Banker Commercial presents a retail/flex property at 469–487 W Wise Road in Schaumburg, Illinois. The building is configured as a multi-tenant asset with 10 individual units and is positioned to serve both retail and functional flex needs.
Located in the heart of Schaumburg’s Wise Road corridor, the property benefits from high-traffic retail exposure as described in the offering materials. The remarks also note an established NOI of $156,258, and that the NOI would increase to approximately $186,258 by renting the one vacant unit. An investor can also consider the opportunity to adjust rents toward market rates, subject to applicable terms.
This For Sale offering is presented as a core-plus style investment with multiple tenants, intended to help manage vacancy risk while maintaining steady cash flow, based on the information provided.
Located in the heart of Schaumburg’s Wise Road corridor, the property benefits from high-traffic retail exposure as described in the offering materials. The remarks also note an established NOI of $156,258, and that the NOI would increase to approximately $186,258 by renting the one vacant unit. An investor can also consider the opportunity to adjust rents toward market rates, subject to applicable terms.
This For Sale offering is presented as a core-plus style investment with multiple tenants, intended to help manage vacancy risk while maintaining steady cash flow, based on the information provided.
Key Highlights
- Retail/flex multi‑tenant building at 469‑487 W Wise Road, Schaumburg, IL, built in 1988
- 11,500 SF multi‑tenant property with 10 individual units
- Located on Schaumburg’s Wise Road high‑traffic corridor
Local 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 | $248.4k | $21.60 |
| − Vacancy | −$20.4k | −$1.77 |
| EGI | $228.0k | $19.83 |
| − OpEx | −$68.4k | −$5.95 |
| NOI | $159.6k | $13.88 |
11,500 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.28M
$2.00M – $2.66M
NOI $159,622 @ 7.0% cap · market cap 7.09%
Second Best
Flex RnD
$1.73M
$1.51M – $2.02M
NOI $121,095 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$3.97M
$3.47M – $4.63M
NOI $277,930 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Relish Catering Kitchen — 19 W Wise Rd, Schaumburg, IL 60193
- Toasty Cheese Food Trucks — FOOD TRUCK ONLY RESTAURANT CLOSED, 951 W Wise Rd, Schaumburg, IL 60193
FAQs
What type of property is this?
Flex space - Multi-tenant retail/flex building with 10 units in Schaumburg’s Wise Road corridor.
Where is this flex space located?
The property is located at 469-487 W Wise Rd Schaumburg, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Retail/flex multi‑tenant building at 469‑487 W Wise Road, Schaumburg, IL, built in 1988; 11,500 SF multi‑tenant property with 10 individual units; Located on Schaumburg’s Wise Road high‑traffic corridor
