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    1000 Plaza Dr Schaumburg, IL 60173

    Sponsored
    For Sale
    Contact for pricing

    Prime Schaumburg location, divisible land for ground lease.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7-acre commercial land parcel presents a unique redevelopment opportunity in the highly desirable Schaumburg, Illinois market. Located at 1000 Plaza Dr, Schaumburg, IL 60173, this property offers 5.95 acres available for ground lease and is conveniently situated just off the southeast corner of Meacham and Golf Roads. Boasting a prime location in a strong retail corridor and entertainment district, the site benefits from exceptional visibility and accessibility, with approximately 75,000 vehicles passing daily. Its proximity to Woodfield Mall further enhances its desirability. The property features 585 feet of frontage on Meacham Road and is zoned B-3, making it ideal for a variety of uses, including retail establishments, restaurants, and quick-service restaurants with drive-thru capabilities. The site's size and location make it suitable for multiple free-standing buildings, catering to national and regional tenants seeking a high-traffic, high-visibility location. This is a rare opportunity to acquire a significant land parcel in a thriving commercial area with excellent potential for substantial returns. The property is divisible, offering flexibility for various development plans.

    Property Features for 1000 Plaza Dr

    General Information

    Property type
    Land

    HighLights

    • 5.95‑acre redevelopment site ideal for commercial development.
    • Prime location at the hard corner of Meacham and Golf Roads, a high‑traffic retail corridor.
    • High visibility with 75,000 vehicles per day.
    • Suitable for retail, restaurants, and quick‑service restaurants with drive‑thrus.
    • Adjacent to Woodfield Mall.
    • 585 feet of frontage on Meacham Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.044168571438
    Latitude
    42.048503620286

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    FAQs

    What type of property is this?
    Land - Prime Schaumburg location, divisible land for ground lease.
    Where is this land located?
    The property is located at 1000 Plaza Dr Schaumburg, IL.
    What are key features of this property?
    This property features: 5.95-acre redevelopment site ideal for commercial development.; Prime location at the hard corner of Meacham and Golf Roads, a high-traffic retail corridor.; High visibility with 75,000 vehicles per day.
    (847) 698-8232
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    1000 Plaza Dr Schaumburg, IL 60173
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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
    1000 Plaza Dr Schaumburg, IL 60173
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