- List Price $2,500,000
- Price / Unit $357,142
- Property Type Mixed Use
- Units 7
- Current Rents $209,232
- Pro Forma Rents $336,600
- In Place NOI $132,906
- Projected NOI $258,850
- Target CAP Rate 5.3%
- Market CAP Rate 6%
- Today's Market Value $2,200,000
- Value w/Market Rents $4,300,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
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About the property
**For Sale: Prime Commercial Strip in Schaumburg, IL** – This commercial strip located at 603-617 W Wise Rd, Schaumburg, IL 60193, offers a unique investment opportunity in a highly sought-after area. Zoned M-1, the property is ideal for light industrial uses and currently features a diverse mix of tenants, including an auto mechanic and an auto dealer, providing steady cash flow. With excellent visibility, easy access to major roadways, and a strong local economy, this property is perfectly positioned for continued success. Don’t miss out on this opportunity to acquire a well-maintained asset in a vibrant business community!
About the neighbourhood
- Schaumburg, Illinois, a thriving suburb 30 miles northwest of Chicago, is known for its blend of urban amenities and suburban comfort. Home to the expansive Woodfield Mall and numerous corporate headquarters, Schaumburg is a key business hub in the region. The suburb offers excellent schools, diverse parks, and the Schaumburg Prairie Center for the Arts, making it a great place for families. With convenient access to major highways and public transportation, Schaumburg provides easy connectivity to Chicago and surrounding areas, making it an ideal location for both residents and businesses.
Municipality - Investor Guide
Schaumburg
| Transfer Stamps | Pre Sale Inspection | Yearly Rental Inspection | |
|---|---|---|---|
| Buyer: N | Cost: No | Required: No | Required: Yes |
| Seller: Y | Cost: Yes | Cost: $0 | Cost: Varies |
For a list of all Municipality requirements visit our Municipality Requirements Page
Property Documents
Property Financials
View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
Property Current
This column shows the current financial state of the subject property. Some of these inputs may be estimations.
Year 2 Pro Forma
This column is based off of market rents and assumes proper property performance.
Debt Service
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Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Monthly Property Tax
- Monthly Property Insurance
- Monthly HOA Fees
Utility Table
Total Yearly Utitlity Cost: $690.00
*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.
Property Taxes
Currently No Tax data found for this property. Please Check back later.
Walkscore
Nearby
- Arts & Entertainment
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Wise Road Schaumburg KinderCare (0.13 mi)
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Dance Time Ballroom Studios (0.17 mi)
-
Ing Martial Arts & Advanced Training (0.23 mi)
- Education
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Wise Road Schaumburg KinderCare (0.13 mi)
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School of Rock (0.36 mi)
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CNC Surgeon (0.4 mi)
- Food
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Big Save Liquor (0.19 mi)
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Village Tavern & Grill (0.23 mi)
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Purohit Sweet Namkin (0.32 mi)
- Health & Medical
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Wise Dental Associates PC (0.18 mi)
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Elyse's Hair & Color Studio (0.19 mi)
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Access Chiropractic Center (0.19 mi)
Contact Information
- List Price $2,500,000
- Property Type Mixed Use
- Current Rents $209,232
- In Place NOI $132,906
- Target CAP Rate 5.3%
- Today's Market Value $2,200,000
- Price / Unit $357,142
- Units 7
- Pro Forma Rents $336,600
- Projected NOI $258,850
- Market CAP Rate 6%
- Value w/Market Rents $4,300,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
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