Property profile

424 Schmale Rd Carol Stream, IL 60188

OFF-MARKET
Drive through restaurants
Property ID
US28-2219733
2,925 SF 1 ac lot Built 1984
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

424 Schmale Rd Carol Stream, IL 60188-2413
Carol Stream metro Census 841704 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2019
4 recorded transactions
2021
Price N/A
2019
Price N/A
2013
$819,000
1969
Price N/A

Zoning & alternative use

C · Carol Stream, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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