Retail properties in Schaumburg, Illinois, offer a unique investment opportunity, with the village's strong commercial presence and prime location in the Golden Corridor. As a hub for retail and commerce, Schaumburg attracts visitors from across the region, making it an ideal location for businesses looking to establish a strong presence. Retail properties in Schaumburg can represent a variety of investments, from small storefronts to large shopping centers, offering a range of opportunities for investors. With its excellent infrastructure, including the Schaumburg Regional Airport and major roads like Schaumburg Road and Meacham Road, Schaumburg provides easy access to the surrounding area and beyond. The village is also home to several major employers, including IKEA and Nordstrom, and features a range of amenities, such as the Woodfield Mall and the Renaissance Schaumburg Hotel & Convention Center. Additionally, Schaumburg's strong educational institutions, including Roosevelt University and the Lake Forest Graduate School of Management, contribute to the village's appeal as a great place to live and work.
With 10 retail properties currently available in Schaumburg, investors have a range of options to choose from. The average price per square foot for retail properties in Schaumburg is $262 USD, with an average size of 15,866 square feet. The largest retail property available in Schaumburg is 36,606 square feet. In addition to retail properties, Schaumburg also offers a range of other property types, including shopping centers, restaurants, office properties, and hotels. Shopping centers in Schaumburg, such as the Woodfield Mall, offer a range of retail and dining options, while restaurants in the village provide a variety of cuisines to suit every taste. Office properties in Schaumburg, including those in the Golden Corridor, offer a range of spaces for businesses, from small startups to large corporations. Hotels in Schaumburg, such as the Renaissance Schaumburg Hotel & Convention Center, provide convenient accommodations for visitors and business travelers. Overall, Schaumburg's diverse range of property types and strong commercial presence make it an attractive location for investors and businesses alike.
What is the average cap rate for retail properties in Schaumburg?
When it comes to retail properties in Schaumburg, investors can expect an average cap rate of 5.97%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how cap rates work and their significance in commercial real estate, check out our article on what is a cap rate, which provides an in-depth explanation of this important concept.
How do location and foot traffic affect retail property values?
In Schaumburg, Illinois, location and foot traffic play a significant role in determining retail property values. For instance, retail properties situated near major attractions like Woodfield Mall, one of the largest shopping malls in the United States, or along busy roads such as Schaumburg Road, Meacham Road, and Roselle Road, tend to have higher property values due to their proximity to high foot traffic areas, which can attract more customers and increase revenue potential.
