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    1101 Salem Dr Schaumburg, IL 60194

    Sponsored
    For Lease
    $14 SF/Yr

    Prime Retail Location, Multiple Units

    Lot size:
    72,326 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Salem Plaza, located at 1101 N Salem Dr, Schaumburg, IL 60194, offers exceptional retail space for lease. This established shopping center boasts a total of 72,326 square feet and is situated at the highly visible intersection of Golf Rd. and Salem Dr., within Cook County. The property is zoned B-2 General Business, providing flexibility for a variety of retail uses. Currently, three spaces are available, ranging from 1,400 to 1,900 square feet, ideal for businesses seeking a prominent location in a thriving community. Salem Plaza is well-maintained and offers ample customer parking, ensuring convenient access for shoppers. Its strategic location and high visibility contribute to a strong potential for attracting a substantial customer base. The property's APN numbers are 07-16-200-041-0000 and 07-16-200-059-0000. This is a fantastic opportunity for businesses seeking a well-established retail presence in the bustling Schaumburg market. The property's multiple tenancy structure provides a diverse and vibrant shopping environment, attracting a wide range of customers. The high-quality environment and convenient location make Salem Plaza an attractive option for businesses looking to establish or expand their operations. Don't miss this chance to secure your space in this successful retail center.

    Property Features for 1101 Salem Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    72,326 SF
    Total Rate
    84380.33

    Unit(s) available at that property

    Space
    1139
    Size
    1,400 SF
    Rate per SF
    $14
    Space
    1059
    Size
    1,400 SF
    Rate per SF
    $14
    Space
    1063
    Size
    1,900 SF
    Rate per SF
    $14

    HighLights

    • Excellent ingress/egress at a signalized intersection on Golf Rd.
    • Brand new LED parking lot and canopy lighting for optimal visibility.
    • Ample customer and employee parking.
    • Landlord‑maintained HVAC.
    • Garbage collection included in CAM charges.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.098885
    Latitude
    42.04694794

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Location, Multiple Units
    Where is this retail property located?
    The property is located at 1101 Salem Dr Schaumburg, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Excellent ingress/egress at a signalized intersection on Golf Rd.; Brand new LED parking lot and canopy lighting for optimal visibility.; Ample customer and employee parking.
    Request Owner's contact information
    1101 Salem Dr 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
    1101 Salem Dr Schaumburg, IL 60194
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