800 Irving Park Ave Schaumburg, IL 60133
This exceptional commercial land parcel, located at 800 Irving Park Avenue in Hanover Park, Illinois (zip code 60133), presents a unique investment opportunity. The property encompasses approximately 35,750 square feet and features a vacant 1,700 square foot building. This building previously served as a quick-service restaurant and includes a drive-thru lane and ample parking for 45+ vehicles. The site benefits from excellent visibility and high traffic counts, with over 28,700 vehicles passing daily according to Illinois Department of Transportation (IDOT) data. This high-traffic location offers significant potential for reuse as a quick-service restaurant or redevelopment into a variety of commercial uses. The property is zoned B-2, providing flexibility for various development options. The asking price for this strategically located Hanover Park property is $499,000. This is a rare chance to acquire a well-positioned commercial land parcel with significant upside potential in a thriving Illinois community. The property's existing infrastructure, including the building and parking, offers immediate value and potential for quick returns. Don't miss this opportunity to capitalize on this prime location.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.