Retail
For Sale
Contact for pricing
471 W Wise Road, Schaumburg, IL 60193
The 1988-built space is near major highway access and public transportation.
Property Size1,000 SF
Price / SF$1.40
Days on Market24
Property Features for 471 W Wise Road
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Other
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1988
Listing Agency:
Coldwell Banker Realty
(630) 954-4600
Listed By:
Rocco Zaccaro · License #475179214
(630) 207-4434
Source:
Helenoliveri
Added: Oct 6
Changed: Oct 28
Last Checked: Oct 28 at 3:33PM
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 Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,000-square-foot retail space at 471 W Wise Road in Schaumburg, Illinois, was built in 1988. The property offers convenient access for customers and employees, with major highway routes and public transportation nearby.
Key Highlights
- 1,000 SF of retail space
- Built in 1988
- Located at 471 W Wise Road, Schaumburg, IL 60193
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,880
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,600
$277.6K
Cap Rate 7%
$198,286
$198.3K
Cap Rate 9%
$154,222
$154.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$21.6K $21.60/SF
− Vacancy
−$1.8K −$1.77/SF
EGI
$19.8K $19.83/SF
− OpEx
−$5.9K −$5.95/SF
NOI
$13.9K $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%
$277,600
Cap Rate 7%
$198,286
Cap Rate 9%
$154,222
Alternative Uses
Best Use
Retail
$198.3K
$173.5K – $231.3K
NOI $13,880 @ 7.0% cap · market cap 991.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.3K
$302.1K – $402.8K
NOI $24,168 @ 7.0% cap · market cap 1,726.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
Checkers
Dining
3,978 visits/mo
0.2 miles
REBEL Convenience Store
Shops & Services
2,651 visits/mo
0.0 miles
Public Storage
Shops & Services
768 visits/mo
0.4 miles
Gerber Collision & Glass
Shops & Services
283 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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The 1988-built space is near major highway access and public transportation.
Where is this retail space located?
The property is located at 471 W Wise Road Schaumburg, IL.
What are key features of this property?
This property features: 1,000 SF of retail space; Built in 1988; Located at 471 W Wise Road, Schaumburg, IL 60193
