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    OFF-MARKET Estimated value $3,035,000
    Retail space

    1140 Higgins Rd, Schaumburg, IL 60173-4709

    1.39 ac lot Built 2003
    Entity Owned ~ Est. High Equity
    Property ID
    US28-5764506
    Property summary
    AI-generated overview

    This fully-built restaurant space presents a unique opportunity for food service businesses seeking a high-traffic location within the bustling Woodfield Mall trade area in Schaumburg, Illinois. Situated at 1140 E Higgins Rd, zip code 60173, Cook County, this retail property offers immediate occupancy for a restaurant operator. The property benefits from its proximity to established and successful restaurants such as Wildfire (Lettuce Entertain You) and Benihana, indicating a strong concentration of dining establishments and high consumer foot traffic. The address is conveniently located within the vibrant Woodfield Mall area, ensuring excellent visibility and accessibility for potential customers. This turnkey restaurant space eliminates the need for extensive build-out, allowing for a quicker start-up and reduced initial investment. The property is categorized as a retail space with a restaurant subtype, making it ideally suited for a variety of culinary concepts. The precise square footage and lease terms are available upon request. This prime location in Schaumburg, Illinois offers exceptional potential for a thriving restaurant business. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is located at 42.040419323699766 latitude and -88.05173857681753 longitude.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2003
    Lot 1.39 ac (60,548 SF)
    APN 07-14-401-015
    UPID US28-5764506
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Local Kitchen & Tap Restaurant
    • adb Warehouse & Storage
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.04M
    Owner & transaction history
    Universal Vision Properties LLC
    Universal Vision Properties LLC
    since 2025
    Last sale
    $3.0M
    4 recorded transactions
    2025
    $3.0M
    2025
    2011
    $1.8M
    2006
    $2.8M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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