Industrial Building on 1.98
For Sale
Contact for pricing
801-803 Albion Ave, Schaumburg, IL 60193
Free-standing industrial building with potential yard space and good parking.
Property Size15,000 SF
Lot Size1.98 Acres
Price / SF$130
Days on Market324
Property Features for 801-803 Albion Ave
General Information
Standard status
Active
Size
15,000 SF
Total Parking Spaces
45
Lot size
1.98 Acres
Property subtype
Industrial
Building Details
Year Built
1970
Listing Agency:
Brown Commercial Group Inc
Listed By:
Pat Crowley · License #IL
(847) 758-9200
Source:
Crexi
Added: Nov 15, 2025
Changed: Sep 22
Last Checked: Oct 4 at 6:46AM
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 Brown Commercial Group Inc
Investment Insights
Based on property information with market context.
This is a free-standing industrial building situated on a 1.98-acre site. The property offers potential yard space and good parking. It is located in an established industrial park just south of Route 390, providing easy access to major transportation routes including Route 390, Route 53, US Route 20, and I-290. The building has a size of 15000 square feet.
Key Highlights
- Easy access to major transportation routes including Rt. 390, Rt. 53, US Rt. 20, and I‑290.
- Located in an established industrial park.
- Free‑standing industrial building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,570
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,400
$1.3M
Cap Rate 7%
$922,429
$922.4K
Cap Rate 9%
$717,444
$717.4K
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$97.2K $6.48/SF
− Vacancy
−$5.0K −$0.33/SF
EGI
$92.2K $6.15/SF
− OpEx
−$27.7K −$1.84/SF
NOI
$64.6K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,400
Cap Rate 7%
$922,429
Cap Rate 9%
$717,444
Alternative Uses
Best Use
Industrial
$922.4K
$807.1K – $1.08M
NOI $64,570 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.18M
$4.53M – $6.04M
NOI $362,517 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Free-standing industrial building with potential yard space and good parking.
Where is this industrial property located?
The property is located at 801-803 Albion Ave Schaumburg, IL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Easy access to major transportation routes including Rt. 390, Rt. 53, US Rt. 20, and I‑290.; Located in an established industrial park.; Free‑standing industrial building.
