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    OFF-MARKET
    Drive through restaurants

    424 Schmale Rd, Carol Stream, IL 60188-2413

    2,925 SF 1 ac lot Built 1984
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-2219733
    Property summary
    AI-generated overview

    This exceptional 4,200 square foot retail property presents a compelling infill opportunity within an established Carol Stream market. Located at the intersection of Schmale Road and Main Place, the site boasts significant visibility with 350 feet of frontage along Schmale Road. The property is configured for single-tenant occupancy and offers significant advantages for businesses requiring drive-thru capabilities. An approved curb cut on Schmale Road ensures convenient access for customers. The property's location benefits from low DuPage County real estate taxes, making it an attractive investment. The building's design is adaptable to a variety of retail uses, and its prominent location within a mature retail area guarantees high traffic volume and excellent exposure to potential customers. This is a rare opportunity to acquire a well-situated, drive-thru capable retail space in a desirable location with low taxes. The single-tenant configuration offers simplicity and control, while the ample frontage and approved curb cut maximize accessibility and visibility. The property's size and features make it ideal for a variety of retail concepts seeking a strong presence in a thriving community. This is a turnkey solution for businesses looking to establish or expand their operations in a prime retail location. The combination of high visibility, convenient access, and low taxes makes this property a truly exceptional investment opportunity.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1984
    Total area 2,925 SF
    Lot 1 ac (43,560 SF)
    Zoning code C
    APN 05-04-311-005
    UPID US28-2219733
    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
    • Wendy's Restaurant Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Allegro Realty 2 LLC · 6 yrs held
    Allegro Realty 2 LLC
    since 2019
    4 recorded transactions
    2021
    2019
    2013
    $819,000
    1969
    Zoning & alternative use
    C · Carol Stream, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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