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    121 Schaumburg Rd Schaumburg, IL 60194

    For Sale
    $1,300,000

    Established Business & Real Estate - High Traffic!

    Property size:
    1,965 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1,965 square foot retail property, located at 121 W Schaumburg Rd, Schaumburg, IL 60194, presents a lucrative investment opportunity. The property, built in 1960 and extensively renovated in 2023, encompasses a well-established gas station and a three-bay auto service center. The single-story building sits on a spacious 1.01-acre lot, offering ample parking across two parcels. The gas station boasts four pumps and features brand new (installed one year ago) double-wall fiberglass fuel tanks. A significant advantage is the existing fuel supply agreement, with two years remaining. This turnkey operation benefits from high daily traffic counts and excellent road visibility. The asking price for this combined business and real estate offering is $1,300,000. This is a rare chance to acquire a profitable, established business with significant upside potential in a prime Schaumburg location. The property is zoned for auto shop, convenience store, and gas station uses.

    Property Features for 121 Schaumburg Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    1,965 SF
    Lot Size
    43,996 SF

    Building Details

    Year Built/Renovated
    1960/2023
    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic location with excellent street visibility.
    • Two years remaining on the current fuel supply contract.
    • Established gas station and auto repair shop on site.
    • New underground storage tanks (USTs) installed one year ago.
    • Large lot size with ample parking across two parcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marathon Gas Gas Station Platinum Heating & Cooling Air Conditioning Repair Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.1120531
    Latitude
    42.0305434

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    FAQs

    What type of property is this?
    Automotive property - Established Business & Real Estate - High Traffic!
    Where is this automotive property located?
    The property is located at 121 Schaumburg Rd Schaumburg, IL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: High-traffic location with excellent street visibility.; Two years remaining on the current fuel supply contract.; Established gas station and auto repair shop on site.
    Request Owner's contact information
    121 Schaumburg Rd Schaumburg, IL 60194
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 Schaumburg Rd Schaumburg, IL 60194
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