- List Price $1,950,000
- Price / Unit $278,571
- Property Type Mixed Use
- Units 7
- Current Rents $225,000
- Pro Forma Rents $336,600
- In Place NOI $86,600
- Projected NOI $198,200
- Target CAP Rate 4.5%
- Market CAP Rate 10.4%
- Today's Market Value $1,950,000
- Value w/Market Rents $2,800,000
*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.
- 1
- 1
- 18011
- 1977
- 85%
- 45
- 1
- Varies
- Varies
- None
1
1
18011
- 1977
- 85%
- 1
- 1
- Varies
- Varies
- None
About the property
Prime Investment Opportunity in Schaumburg
Discover a versatile M-1 zoned property at 603–617 W Wise Rd, ideally situated in a high-demand, business-friendly area. This well-maintained property offers strong income potential with minimal landlord responsibilities (electric is the only utility).
Features include:
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Excellent visibility on a well-traveled road
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Easy access to major highways
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Located in Schaumburg, just 30 miles from Chicago — a vibrant commercial hub known for top-rated schools, robust infrastructure, and a thriving local economy.
About the neighbourhood
- Why Schaumburg? A Strong Market with Lasting AppealSchaumburg is one of the most dynamic suburbs in the Chicago metro area, offering a powerful mix of business opportunity and quality of life. Known for Woodfield Mall—one of the largest shopping centers in the U.S.—and a growing base of corporate headquarters, Schaumburg continues to attract businesses, professionals, and families alike.Key highlights:Excellent school districts and family-friendly neighborhoodsDiverse parks, green spaces, and community amenitiesCultural attractions like the Schaumburg Prairie Center for the ArtsUnmatched accessibility via I-90, I-290, Metra, and regional transitWith its strong economic base and ongoing development, Schaumburg remains a smart, strategic choice for investors and business owners looking to grow in a well-established community.
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
This column allows the user to add custom financing scenarios.
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)
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Cove Hair Salon (0.21 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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Ghanshyam Cakes (0.01 mi)
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Chi Tea (0.17 mi)
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Joe's Pizza (0.17 mi)
- Health & Medical
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Wise Dental Associates PC (0.18 mi)
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Access Chiropractic Center (0.19 mi)
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Elyse's Hair & Color Studio (0.19 mi)
Contact Information
- List Price $1,950,000
- Property Type Mixed Use
- Current Rents $225,000
- In Place NOI $86,600
- Target CAP Rate 4.5%
- Today's Market Value $1,950,000
- Price / Unit $278,571
- Units 7
- Pro Forma Rents $336,600
- Projected NOI $198,200
- Market CAP Rate 10.4%
- Value w/Market Rents $2,800,000
*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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