Commercial Land in Schaumburg, Illinois, offers a unique investment opportunity for those looking to capitalize on the village's growing economy. With a population of around 80,000, Schaumburg is an attractive location for businesses and travelers alike. Commercial Land in Schaumburg can represent a variety of investments, from retail spaces to entertainment venues, and even office buildings. The village's strategic location, about 28 miles northwest of the Chicago Loop and 10 miles northwest of O'Hare International Airport, makes it an ideal spot for businesses looking to establish a presence in the region. Schaumburg's amenities, including the Woodfield Mall, one of the largest shopping malls in the U.S., and an IKEA store, contribute to its appeal. The village's infrastructure, including the Schaumburg Regional Airport and redeveloped areas like the Town Square shopping center, further enhance its attractiveness. Additionally, Schaumburg is home to the Schaumburg Boomers baseball team and the Renaissance Schaumburg Hotel & Convention Center, making it a great place for business and travel.
Schaumburg's Commercial Land market offers 8 listings, with an average price per square foot of and an average size of square feet. The largest available property spans 0 square feet. With an average cap rate of , Commercial Land in Schaumburg presents a compelling investment opportunity. The village's diverse economy, which includes major employers like IKEA and Nordstrom, contributes to its stability. Additionally, Schaumburg is home to several educational institutions, including Roosevelt University's campus, which offers programs like the Doctor of Pharmacy and the only PhD program in Industrial-Organizational Psychology in the Midwest. The village's arts scene, which includes the Schaumburg Township District Library and the Trickster Gallery, adds to its appeal. Overall, Schaumburg's Commercial Land market offers a unique blend of business, entertainment, and education, making it an attractive location for investors.
What are common commercial uses for land in the Schaumburg market?
In the Schaumburg market, common commercial uses for land include retail spaces, such as shopping centers and strip malls, which take advantage of the area's high foot traffic and proximity to major transportation hubs like O'Hare International Airport, as well as office spaces and hospitality developments, like hotels and convention centers, that cater to the village's strong business community.
Additionally, with a total of 8 available listings of commercial land, Schaumburg's market also supports a range of other commercial uses, including restaurants, entertainment venues, and industrial facilities, which benefit from the area's access to major roads, like Schaumburg Road and Meacham Road, and its central location in the Golden Corridor.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Schaumburg, Illinois, there are several common ways to do so. Whether you're looking to invest in a plot of land for commercial use or seeking to develop a new project, understanding the process is key - and our article on how to buy land can provide valuable insights.
