506-604 W Wise Rd - Storefront FOR SALE
Schaumburg, IL 60193 |
506-604 W Wise Rd
Schaumburg, IL 60193
HIGHLIGHTS
- A masonry-constructed ±29,621-square-foot retail plaza including an in-line strip center and outparcel restaurant over a ±3.36-acre lot in Schaumburg.
- Significantly situated with ample parking and highly visible pylon signage in Schaumburg’s prominent retail corridor near major demand drivers.
- Advantageous value-add opportunity at 92% occupancy surrounded by strong demographics with lease-up upside to boost profitability on a stabilized NOI.
- Premium positioning on a bustling corner lot front and center to over 17,000 VPD with multiple ingress and egress points.
- Incredible demographics with nearly 268,000 residents living within a five-mile radius and generating an average household income of about $106,000.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Cash-Flowing Plaza in Renowned Retail Hub
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
29621
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
198
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
07-28-409-040-0000,07-28-409-043-0000
