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    275 Roselle Rd Schaumburg, IL 60193

    For Sale
    $2,200,000

    Prime 8,184 SF Vacant Bank Building

    Property size:
    8,184 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 8,184-square-foot Class A retail property, located at 275 S Roselle Rd in Schaumburg, IL, presents a unique owner/user or investment opportunity. The vacant single-story building, constructed in 1975 and renovated in 2010, boasts a desirable bank branch layout featuring private offices, a general office area, teller line, drive-up facilities, break room, and restrooms. A useable lower level adds to the substantial square footage, and the building includes an elevator and sprinkler system. Situated on the east side of Roselle Road, this property offers excellent visibility and accessibility with 275 feet of frontage. The 1.87-acre lot provides ample parking for over 50 vehicles. The property benefits from a high-traffic location, with over 30,000 vehicles passing daily on Roselle Road. The surrounding area demonstrates strong demographics, including a population of over 57,000 within a two-mile radius and over 23,000 households, boasting an average household income exceeding $78,337 within a one-mile radius. The B-2 General Business District zoning allows for diverse uses. This property is priced at $2,200,000, representing $268.82 per square foot. The building is currently vacant, offering immediate occupancy for a new owner.

    Property Features for 275 Roselle Rd

    General Information

    Property type
    Restaurants
    Square Feet
    8,184 SF
    Class
    A
    Lot Size
    81,457 SF

    Building Details

    Year Built/Renovated
    1975/2010
    Buildings
    1
    Stories
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Whole Building Ventilation ... Ventilating Equipment Manufacturer Dumpsters Guys from ... Dumpster Rental Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -88.079852154431
    Latitude
    42.022936842486

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    FAQs

    What type of property is this?
    Restaurant - Prime 8,184 SF Vacant Bank Building
    Where is this restaurant located?
    The property is located at 275 Roselle Rd Schaumburg, IL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    Request Owner's contact information
    275 Roselle Rd Schaumburg, IL 60193
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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
    275 Roselle Rd Schaumburg, IL 60193
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