301 Barrington RdSchaumburg, IL 60193

Property Details for 301 Barrington Rd

Year built

1994

Lot size

5.84 AC

Property type

Retail properties

Property subtype

Community centers

APN

07-19-300-029

APU

719300029

Description

Schaumburg Plaza offers exceptional retail opportunities in a thriving Cook County location. This multi-tenant plaza at 301 S Barrington Rd, Schaumburg, IL 60193, boasts high visibility along Barrington Road, with over 30,000 vehicles passing daily. The property features two available spaces ranging from 3,300 to 22,145 square feet, ideal for a variety of retail businesses. The plaza is situated in a busy neighborhood center within western Schaumburg's retail trade area, benefiting from a strong customer base. Existing tenants include well-established businesses such as Westside Children’s Therapy, Starbucks, Nirav Grocery, and O’Reilly Auto Parts, along with new outlot development. Placer.ai data indicates that numerous tenants in the shopping center and surrounding area are in the top 70th percentile or higher for customer traffic. This prime location serves a dense residential community exceeding 206,000 residents, boasting an average household income of $93,000. The property's strategic location and strong tenant mix provide a compelling investment opportunity for businesses seeking high visibility and a robust customer base in a thriving Schaumburg market.

• CAP approach

  CAP return

  Valuation

  6%

  $67,521,704

  6.5%

  $62,327,728

  7%

  $57,875,748

• Comparable approach

  Method

  Valuation

  Relative Method

  $65,082,736

  Geo Method

  $83,498,432

• Alternative Use

  Use

  Valuation

  Residential

  $52,575,772

  Hospitality

  $48,159,124

  Educational

  $40,067,828

  Medical

  $41,445,820

  Retail

  $62,327,728

Location Insight

City

Schaumburg

County

Cook

State

Illinois

Latitude

42.0191

Longitude

-88.1439

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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