469-487 W Wise Rd
Retail | 7.06% CAP | 11,500 SqFt
Marketing description
Coldwell Banker Commercial is pleased to present this retail/flex property located at 469-487 W Wise Road, Schaumburg, IL. Located in the heart of Schaumburg's high-traffic Wise Road corridor, this ±11,500 SF multi-tenant building offers a rare combination of retail visibility and functional flex utility. Comprising 10 individual units, the property is perfectly positioned for 'Amazon-proof' service-based businesses, a sector currently showing the highest resilience and demand in the 2026 suburban market.
An investor can take full advantage of this real estate opportunity by capitalizing on renting the vacant unit and increasing rents across to board to market rates.
This asset represents a 'core-plus' investment opportunity with 10 tenants, which ultimately helps minimize vacancy risks and maintains steady cashflow. With an established NOI of $156,258, by renting the one vacant unit the NOI jumps to ~$186,258 and a supply-constrained environment (Schaumburg retail vacancy remains below 5% in 2026), this property offers a stable yield with significant long-term appreciation potential as the corridor continues to densify.
Investment highlights
- Strong Cash Flow: Current NOI of $156,258 with an attractive 7.06% Cap Rate at the recommended list price.
- Prime Location: High-visibility frontage on Wise Road with over 27,000 VPD and easy access to IL-390 (Elgin-O'Hare).
- 'Amazon-Proof' Tenants: Ideal 'service-retail' layout catering to automotive, trade, and health uses that are resistant to e-commerce trends.
- Ample Parking: Robust 3.93/1,000 SF ratio (45 spaces), exceeding standard requirements for retail and medical users.
- Superior Building Specs: Masonry construction (1988) featuring drive-in doors and specialized utility hookups for flex-use.
- High-Income Demographics: Surrounding area boasts a $100k+ Median Household Income and rising property values.
- Tight Submarket: Located in Schaumburg's supply-constrained retail corridor with vacancy rates consistently below 5%.
- Positive Leverage: Priced to provide a 9%+ Cash-on-Cash return based on current 2026 interest rates.
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