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Property profile

729 Lunt Ave Schaumburg, IL 60193

OFF-MARKET
Industrial properties
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38,000 SF 2.75 ac lot

Property summary

AI-generated overview

This exceptional 38,000-square-foot industrial manufacturing facility is situated on a 2.75-acre lot in Schaumburg, Illinois, and is offered at $3,499,000. The property features a two-story building with approximately 6,000 square feet of finished office space on the second floor and an additional 1,000 square feet on the first floor. The warehouse comprises roughly 31,000 square feet with clear ceiling heights ranging from 17.6 feet to 21.7 feet. The building boasts overhead cranes, ample power, and a comprehensive sprinkler system. Loading capabilities include two dock-high doors and three drive-in doors (two 12' x 10' and one 14' x 10'). The exterior is masonry block with a brick facade, sitting on a concrete slab. A new roof installed several years ago carries a 20-year warranty. The office area benefits from gas-fired forced air and central air conditioning/heating. While warehouse AC is available, it's currently not connected. Six new furnaces were recently replaced. An extensive air filtration system is in place. The property includes a paved parking lot with capacity for approximately 100 vehicles and excellent lighting. Its convenient location offers easy highway access. A significant expansion opportunity exists, with potential for an additional 10,000-square-foot building. The property is zoned Industrial M-1 and has an APN of 07-33-202-083-0000, 07-33-202-068-0000. The annual property tax is $136,391.64.

Property profile

Verified
Property type Industrial properties
Total area 38,000 SF
Lot 2.75 ac (119,790 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist
  • Factory Production Facility

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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