Schaumburg, Illinois, offers a diverse range of commercial real estate for sale, making it an attractive investment opportunity for businesses and investors alike. With its strategic location about 28 miles northwest of the Chicago Loop and 10 miles northwest of O'Hare International Airport, Schaumburg provides easy access to major transportation hubs and a large customer base. Commercial real estate in Schaumburg can represent a variety of investments, including retail spaces, office buildings, and industrial properties. The village's infrastructure, including the Schaumburg Regional Airport and the Town Square shopping center, supports a range of businesses and industries. Schaumburg is also home to several major employers, including IKEA and Nordstrom, and features attractions like the Woodfield Mall and the Renaissance Schaumburg Hotel & Convention Center. The village's strong economy, excellent schools, and diverse community make it an ideal location for businesses to thrive.
With 34 commercial real estate listings available for sale in Schaumburg, investors have a range of options to choose from. The average price per square foot for commercial real estate in Schaumburg is $170 USD, and the average size of properties is 39,524 square feet. The largest property available is 117,733 square feet. In addition to commercial real estate, Schaumburg also offers industrial properties, with access to major roads like Schaumburg Road and Meacham Road. Apartment buildings are another option, with many complexes located near the village's amenities, such as the Schaumburg Township District Library and the Trickster Gallery. Office properties are also available, with many buildings located in the Golden Corridor business district. Hotels, like the Renaissance Schaumburg Hotel & Convention Center, offer another investment opportunity in the village. Overall, Schaumburg's diverse range of commercial real estate and excellent location make it an attractive investment opportunity.
What financing options are available for purchasing commercial real estate?
When it comes to purchasing commercial real estate in Schaumburg, Illinois, there are several financing options available to consider, including:
- Traditional commercial mortgages, which typically offer fixed or adjustable interest rates and repayment terms ranging from 5 to 25 years;
- Small Business Administration (SBA) loans, which provide financing for small businesses and startups, with benefits like lower down payments and flexible repayment terms;
- Alternative lenders, which offer non-traditional financing options, such as private money loans or hard money loans, often with faster approval processes and more flexible credit requirements.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Schaumburg, Illinois, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 6.93%, investors can gauge the property's income-generating potential, making it essential to understand what is a cap rate and how it affects their investment decisions.
In Schaumburg, where there are currently 34 available listings of commercial real estate, investors can explore opportunities in retail, commercial real estate, and hospitality, which are the main economic sectors driving the local economy. To learn more about the importance of cap rates in commercial real estate investing, check out our article on what is a cap rate.
What is considered a commercial property?
In Schaumburg, Illinois, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and hotels, which can be found in areas like the Golden Corridor and Town Square shopping center.
With 34 available listings of commercial real estate in Schaumburg, investors and business owners can find properties that suit their needs, ranging from 39,524 square feet to 117,733 square feet, with an average price per square foot of $170 USD and an average cap rate of 6.93%.
