1000 Plaza Dr Schaumburg, IL 60173
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1000 Plaza Dr
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Schaumburg
- County
- Cook
- State
- Illinois
- Longitude
- -88.044168571438
- Latitude
- 42.048503620286
