Schiller Park Retail Strip
4940 River Rd, Schiller Park, IL 60176
Six-tenant strip center near O'Hare Airport and Schiller Park.
Type:Retail
Property size:
23,000 SFPrice / SF:
$156/SF- Added:
- Jan 8, 2026
- Days on Market:
- 124
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 4940 River Rd
General Information
- Standard status
- Active
- Size
- 23,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1990
Listing agent Adrian Mendoza License #IL 475.147980
Listing office Marcus & Millichap SWM Group
Listing date Jan 8, 2026
Source Crexi
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 Marcus & Millichap SWM Group
HighLights
- Prime location near O'Hare Airport and Schiller Park's Industrial Park, with exceptional access to Interstates 294 and 190.
- High traffic volume on River Road (approximately 25,800 vehicles daily) ensures prominent visibility and accessibility.
- Rare and flexible zoning allows for both retail and industrial use.
- Strong tenant mix with service‑based businesses, including the highly‑rated Shoeless Joe's Restaurant, and leases with annual rent increases (2%-5%).
- Substantial parking with 82 surface spaces, a significant advantage.
- Proximity to major attractions including Fashion Outlets of Chicago, Donald E. Stephens Convention Center, and Parkway Bank Park Entertainment District.
Overview
This six-tenant, unanchored strip center is located in Schiller Park, Illinois, and features a mix of service-based tenants, including a restaurant with positive online reviews. The tenant mix is complementary, benefiting from a location near O'Hare Airport and Schiller Park's Industrial Park. Five tenants operate on net leases, and one operates on a modified gross lease with a real estate tax base stop. Most tenant leases include annual rent increases ranging from 2% to 5%. The property is positioned along River Road, which has a high traffic volume of approximately 25,800 vehicles per day. The zoning allows for both retail and industrial use. The property offers 82 surface parking spaces. The building setback is nearly twice the level of several nearby properties. The property is located in a dense, infill area and benefits from a high daytime population. Over 406,000 people reside within a five-mile radius, with an average household income exceeding $103,000. The daytime population is nearly 150,000. The property is located 0.9 miles from the Interstate 294 interchange and 1.2 miles from Interstate 190. It is 0.6 miles from the Fashion Outlets of Chicago, 0.75 miles from the Donald E. Stephens Convention Center and Parkway Bank Park Entertainment District, and 1 mile from Impact Field. The property size is 23,000 square feet.
Location Intelligence
Current Use by Public Records
Enterprise Rent-A-Car
Car Rental Facility
Location Insight
- Map
- Local Demand
- City
- Schiller Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8623073
- Latitude
- 41.9692791
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FAQs
What type of property is this?
Strip mall - Six-tenant strip center near O'Hare Airport and Schiller Park.
Where is this strip mall located?
The property is located at 4940 River Rd Schiller Park, IL.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: Prime location near O'Hare Airport and Schiller Park's Industrial Park, with exceptional access to Interstates 294 and 190.; High traffic volume on River Road (approximately 25,800 vehicles daily) ensures prominent visibility and accessibility.; Rare and flexible zoning allows for both retail and industrial use.
