Listed by Mid-America Real Estate Corporation, Mid-America Real Estate
Unpriced
Prairie Towne Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 263,751
NOI $2,375,637
Occupancy 98%
Tenancy Multi
Year Built 1992
Year Renovated 2003
Acreage 21.580
Investment Type Stabilized
Retail | 263,751 SqFt
Marketing description
Mid-America Real Estate Corporation has been retained by the owner to sell the 100% fee simple interest in Prairie Towne Center, a community shopping center anchored by Kohl's and a new YMCA sports complex, positioned within the dense northwest Chicago Suburb of Schaumburg, Illinois.
Investment highlights
- Irreplaceable Location - Situated at the heart of a dominant retail intersection, the exceptional tenant demand for this location is underscored by the strength of the surrounding retail base - Target, Jewel-Osco, Home Depot, Ross Dress for Less, Hobby Lobby, and PetSmart each anchor an adjacent, non-owned center at the same intersection and serve as major traffic generators alongside the Center's own Kohl's, together drawing a combined 56,400 VPD along Barrington and Schaumburg Roads.
- Exceptional Demographic Profile - Prairie Towne Center sits within one of the most established and affluent trade areas in Chicago's northwest suburbs, drawing from Schaumburg as well as the adjacent communities of Hoffman Estates, Streamwood, Hanover Park, and Roselle. The three-mile trade area contains a population of more than 120,000 with average household incomes of approximately $113,000; figures that materially outpace the broader Chicago MSA and reflect a deep, high-spending consumer base that has historically supported strong retail performance at the intersection.
- Diverse Tenant Mix - Prairie Towne Center features a diversified tenant lineup spanning a large national department store anchor, a fitness center, health and wellness, service, and specialty retailers. The mix of tenants supports a steady consumer draw with meaningful e-commerce-resistant demand drivers, and each tenant maintains strong visibility within the center.
- Value-Add Opportunity - The 5,262 square feet of vacant shop space represents approximately $175,000 of potential additional gross income upon lease-up. In addition, further upside could be realized as the offering includes a potential pad development featuring a lease recently executed with a national coffee user, subject to certain contingencies being fulfilled.
- Recent Leasing Velocity - The center has demonstrated significant leasing momentum, highlighted by a 15-year lease with the YMCA totaling 132,350 square feet, a new 10-year lease with Hotworx executed in 2026, a pending 10-year lease with PM Pediatrics, and two 10-year leases with KidStrong and ARWA Coffee signed in 2025.
- Long-Term, Stable Income - The center's income stream is anchored by two long-term, deeply rooted tenants. The YMCA, whose Golden Corridor Family branch has served the Schaumburg community for 56 years, relocated into Prairie Towne Center under a newly signed 15-year term through 2041, upgrading into an expanded, purpose-built sports complex and fitness center; the move was supported by the Village of Schaumburg through a Cook County Class 7B tax incentive, underscoring both the tenant's long-term community roots and the market's institutional support for reinvestment. The YMCA represents 53% of gross income. Kohl's has anchored the center since its original construction (30+ years), remains in place through January 2032, and generated approximately $11.4 million in sales (TTM 2026), representing 23% of gross income. Together, the two anchors drive the weighted average lease term to 10.5 years, with the remaining income diversified across a roster of service, health/wellness, and food tenants.
Listing Contacts
Listed by Mid-America Real Estate Corporation, Mid-America Real Estate
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Loan Amount
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Annual Cash Flow
$2,375,637.00
$197,969.75/mo
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