1393-1457 Schaumburg Rd Schaumburg, IL 60194
Schaumburg Plaza, located at 1393-1457 W Schaumburg Rd, Schaumburg, IL 60194, offers a unique medical office leasing opportunity within a vibrant retail center. This Cook County property boasts a total of 66,993 square feet, with 19,983 square feet currently vacant and divisible into spaces ranging from 760 to 30,000 contiguous square feet. The property sits on 5.06 acres of land and provides ample parking with 327 spaces. The B-2 zoning allows for a variety of medical uses. The center enjoys a strong location within the Schaumburg submarket, benefiting from exceptional demographics including an average household income exceeding $100,000, a median age of 39.7, and a population of 240,000 within a 5-mile radius. Current tenants include a diverse mix of businesses such as Prima Deli, Cardinal Liquors, Little Sicily Pizzeria, Schaumburg Music Academy, Art Fuzd, Mad Men Barbershop, Jawhra Salon, Manny's Burrito Express, Subway, State Farm Insurance, Sprinkles Ice Cream Shoppe, and Laundry World. New tenants, OutCold Burgers, BroasTea, The Secret Kitchen, and WellGroomed Bridal Boutique, are currently under construction, further enhancing the property's appeal and foot traffic. This is an exceptional opportunity to establish or expand your medical practice in a thriving and well-established retail center.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.