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32750114
32750115

1837 Irving Park Road, Schaumburg, IL 60193 For Sale

SR
OR 200204348
Macadam Forbes
RK
IL 475144810
Edgemark Commercial Real Estate Services
Listed by Macadam Forbes, Edgemark Commercial Real Estate Services
$6,350,000
61 days on market
Updated 17 days ago

Georgetown Square

Details
Property Type Retail
Sub Type Shopping Center, Neighborhood Center
Square Footage 16,448
Units 7
Cap Rate 5.67%
NOI $359,980
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks, Eye Boutique (+4)
Lease Type NNN
Price per SqFt $386
Year Built 2007
Lot Size (SqFt) 96,958
Zoning B2 General Business District
Parking Spaces 102 spaces
Parking per 1,000 SqFt 6.20
Investment Type Net Lease
Ground Lease No
Ceiling Height 13

Retail | 5.67% CAP | 16,448 SqFt

Marketing description

Explore an exceptional investment opportunity in Schaumburg. This prime property boasts a well-maintained 16,448 SF building with 7 units, offering a strong foundation for retail and neighborhood center investors. Built in 2007 and zoned B2 General Business District, the property exudes modern appeal and versatility. With a coveted 100% occupancy rate, this investment promises immediate returns and long-term potential. Situated in the thriving Schaumburg area, this property capitalizes on a desirable location with high visibility and accessibility. Don't miss this chance to own a lucrative asset in a dynamic commercial hub.

Discover the vibrant potential of the sought-after Schaumburg location. Nestled in the vibrant heart of the city, the area offers unmatched visibility and convenient access to a diverse demographic of residents and tourists. Surrounded by popular shopping and dining destinations, such as Woodfield Mall, IKEA, and Streets of Woodfield, the location presents an exceptional opportunity for neighborhood retail investors. With its strong economic growth and strategic positioning near major highways, Georgetown Square is approximately 1/2 mile to the I-390 interchange and public transportation, making the area primed for success. Embrace the thriving energy and limitless possibilities of this remarkable Schaumburg neighborhood.

Investment highlights

  • Net Net Net Leases
  • Stable long term tenancies
  • Starbucks with drive Thru
  • Mix of medical, food service, and fitness tenants
  • Eye Boutique was recently acquired by Luxottica
  • Easy access to I-90 and I-390

Listing Contacts

SR
OR 200204348
Macadam Forbes
RK
IL 475144810
Edgemark Commercial Real Estate Services
Listed by Macadam Forbes, Edgemark Commercial Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$359,980.00
$29,998.33/mo

Valuation Metrics

0
DSCR
5.67%
Cap Rate
5.67%
ROI

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