Schaumburg Industrial Building with Parking

515 LUNT Avenue, Schaumburg, IL 60193

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For Sale

$1,290,000

Versatile property with warehouse, office, and large parking lot.

Type:Commercial

Property size:

5,700 SF

Lot size:

0.70 Acres

Price / SF:

$226/SF

HighLights

2,500 SF Warehouse featuring 18' Ceilings and Two Drive‑In Doors
Benefit from a 15,000 SF Fenced Parking Lot with Approximately 70 Spaces
Located in Schaumburg's Central Business District
Includes 1,600 SF Two‑Story Office Space with Kitchenette and Four Bathrooms
Versatile Property Ideal for Auto Repair, Contractors, or Yard Space
Village‑Approved and Compliant with Green Space Requirements

We can help!

Listing Contact

REGI ORTEGA

For Sale

$1,290,000

Versatile property with warehouse, office, and large parking lot.

Type:Commercial

Property size:

5,700 SF

Lot size:

0.70 Acres

Price / SF:

$226/SF

Added:: Oct 6, 2025
Days on Market:: 253
Last Refresh:: Apr 5 at 8:33 pm

Property Features for 515 LUNT Avenue

General Information

Standard status: Active
Size: 5,700 SF
Lot size: 0.70 Acres
Property subtype: Commercial

Building Details

Year Built: 1980

We can help!

Listing Contact

REGI ORTEGA

Listing agent REGI ORTEGA License #475125597

Listing office CENTURY 21 TK REALTY

Listing date Oct 6, 2025

Source Corcoran

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 CENTURY 21 TK REALTY

HighLights

2,500 SF Warehouse featuring 18' Ceilings and Two Drive‑In Doors
Benefit from a 15,000 SF Fenced Parking Lot with Approximately 70 Spaces
Located in Schaumburg's Central Business District
Includes 1,600 SF Two‑Story Office Space with Kitchenette and Four Bathrooms
Versatile Property Ideal for Auto Repair, Contractors, or Yard Space
Village‑Approved and Compliant with Green Space Requirements

Overview

This brick industrial building is located in Schaumburg's central business district. The property includes a 2,500 square foot warehouse with 18-foot ceilings, floor drains, and two drive-in doors. There is also 1,600 square feet of shelved storage and a two-story, 1,600 square foot office space with a kitchenette and four bathrooms. The property features a fully paved, village-approved 15,000 square foot fenced parking lot with approximately 70 spaces. The property is suitable for auto repair, contractors, yard space or a variety of business uses and is compliant with Village green space requirements.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$123.1k	$21.60
− Vacancy	−$10.1k	−$1.77
EGI	$113.0k	$19.83
− OpEx	−$33.9k	−$5.95
NOI	$79.1k	$13.88

5,700 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.13M

$989.0K – $1.32M (±1% cap)

NOI $79,117 @ 7.0% cap · market cap 6.13%

Second Best

Office B

$1.12M

$982.4K – $1.31M (±1% cap)

NOI $78,594 @ 7.0% cap · market cap 6.09%

Theoretical Best

Office A

$1.97M

$1.72M – $2.30M (±1% cap)

NOI $137,757 @ 7.0% cap · market cap 10.68%

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

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Similar Places Nearby

Public Storage — 777 W Wise Rd, Schaumburg, IL 60193
Public Storage — 930 S Roselle Rd, Schaumburg, IL 60193
JC Storage — 650 Morse Ave, Schaumburg, IL 60193
Kent Kartage Inc — 1129 Beachcomber Dr, Schaumburg, IL 60193

Location Insight

Map
Local Demand

City: Schaumburg
County: Cook
State: Illinois
Longitude: -88.0932
Latitude: 42.0014

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For sale
Warehouses
IL
Schaumburg
60193
515 LUNT Avenue

What type of property is this?

Warehouse - Versatile property with warehouse, office, and large parking lot.

Where is this warehouse located?

The property is located at 515 LUNT Avenue Schaumburg, IL.

What is the asking price?

The asking price for this property is $1,290,000.

What are key features of this property?

This property features: 2,500 SF Warehouse featuring 18' Ceilings and Two Drive‑In Doors; Benefit from a 15,000 SF Fenced Parking Lot with Approximately 70 Spaces; Located in Schaumburg's Central Business District