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4940 River Rd Schiller Park, IL 60176

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Six-tenant strip center near O'Hare Airport and Schiller Park.

Property size:
23,000 SF
Lot size:
1.38 Acres

Property Features for 4940 River Rd

General Information

Standard status
Active
Size
23,000 SF
Lot size
1.38 Acres

Building Details

Year built
1990

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Listing Contact
Adrian Mendoza
Source: Crexi

Listing Agency: Marcus & Millichap SWM Group Listing Agent: Adrian Mendoza

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Schiller Park Retail Strip Center

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

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Schiller Park
County
Cook
State
Illinois
Longitude
-87.8623073
Latitude
41.9692791

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 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.
More about this property
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