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    301 Barrington Rd Schaumburg, IL 60193

    For Lease
    Contact for pricing

    Prime Schaumburg retail space, multiple units.

    Lot size:
    25,445 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Schaumburg Plaza offers exceptional retail opportunities in a thriving Cook County location. This multi-tenant plaza at 301 S Barrington Rd, Schaumburg, IL 60193, boasts high visibility along Barrington Road, with over 30,000 vehicles passing daily. The property features two available spaces ranging from 3,300 to 22,145 square feet, ideal for a variety of retail businesses. The plaza is situated in a busy neighborhood center within western Schaumburg's retail trade area, benefiting from a strong customer base. Existing tenants include well-established businesses such as Westside Children’s Therapy, Starbucks, Nirav Grocery, and O’Reilly Auto Parts, along with new outlot development. Placer.ai data indicates that numerous tenants in the shopping center and surrounding area are in the top 70th percentile or higher for customer traffic. This prime location serves a dense residential community exceeding 206,000 residents, boasting an average household income of $93,000. The property's strategic location and strong tenant mix provide a compelling investment opportunity for businesses seeking high visibility and a robust customer base in a thriving Schaumburg market.

    Property Features for 301 Barrington Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,445 SF

    Unit(s) available at that property

    Space
    Available Space 12
    Size
    3,300 SF
    Space
    Available Space 1
    Size
    22,145 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.144285265197
    Latitude
    42.019665946512

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    FAQs

    What type of property is this?
    Individual retail property - Prime Schaumburg retail space, multiple units.
    Where is this individual retail property located?
    The property is located at 301 Barrington Rd Schaumburg, IL.
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    Schaumburg, IL 60193
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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
    301 Barrington Rd Schaumburg, IL 60193
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