Schaumburg, Illinois, offers a unique opportunity for investors to purchase restaurants in a village with a strong commercial presence. With a population of approximately 80,000 residents, Schaumburg is an attractive location for restaurants, given its proximity to major transportation hubs, including O'Hare International Airport and the Schaumburg Regional Airport. Restaurants in Schaumburg can cater to a diverse range of customers, from locals to tourists visiting the nearby Woodfield Mall, one of the largest shopping malls in the United States. The village's investment in infrastructure, including the redevelopment of the Town Square shopping center, has created a favorable environment for businesses to thrive. Additionally, Schaumburg is home to several major corporations, including IKEA and Nordstrom, which can provide a steady stream of customers for restaurants. The village's location, approximately 28 miles northwest of the Chicago Loop, also makes it an attractive option for commuters and travelers.
Currently, there are 1 restaurants for sale in Schaumburg, offering a range of investment opportunities. Schaumburg's restaurants can benefit from the village's strong economy, which is driven by retail, commercial real estate, and hospitality. The average price per square foot for restaurants in Schaumburg is $1,229 USD, with an average size of 2,349 square feet. The largest restaurant available for sale is 2,349 square feet. In addition to restaurants, Schaumburg also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Schaumburg can benefit from the village's strong rental market, while shopping centers can capitalize on the foot traffic generated by the nearby Woodfield Mall. Specialty properties, such as office buildings, can cater to the village's growing business community, and hotels can serve the needs of travelers visiting the area. Overall, Schaumburg's diverse economy and strong infrastructure make it an attractive location for investors looking to purchase restaurants or other commercial properties.
What is the average cost per square foot for a restaurant in Schaumburg?
The average cost per square foot for a restaurant in Schaumburg is $1,229 USD per square foot, with an average size of 2,349 square feet and a largest size available of 2,349 square feet, among the 1 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Schaumburg?
When evaluating the value of a restaurant for sale in Schaumburg, several key factors come into play, including:
- Location, with proximity to major attractions like Woodfield Mall and the Renaissance Schaumburg Hotel & Convention Center, as well as accessibility to major roads like Schaumburg Road and Meacham Road, playing a significant role in determining value.
- The restaurant's size, with an average size of 2,349 square feet, and a largest size of 2,349 square feet, impacting its capacity and potential revenue.
- Financial performance, including the average price per square foot of $1,229 USD and an average cap rate of 6%, which can influence the restaurant's overall value and attractiveness to potential buyers.
