Schaumburg, Illinois, offers a unique opportunity for investors to capitalize on the growing demand for office properties in the area. With a population of approximately 80,000 residents, Schaumburg is an attractive location for businesses looking to establish a presence in the Chicago suburbs. Office properties in Schaumburg can represent a range of investments, from single-story buildings to multi-story complexes, offering a variety of options for businesses of all sizes. Schaumburg's strategic location, with easy access to O'Hare International Airport and the Chicago Loop, makes it an ideal location for companies looking to establish a presence in the Midwest. The village's investment in infrastructure, including the redevelopment of the Town Square shopping center and the acquisition of the Schaumburg Regional Airport, has created a business-friendly environment that is attractive to investors. Additionally, Schaumburg is home to several major employers, including IKEA and Nordstrom, and offers a range of amenities, including the Woodfield Mall and the Renaissance Schaumburg Hotel & Convention Center.
Schaumburg's office properties offer a range of benefits, including proximity to major transportation hubs, access to a skilled workforce, and a range of amenities. With 15 office properties currently available for sale, investors have a range of options to choose from. The average price per square foot for office properties in Schaumburg is $140 USD, with an average size of 37,896 square feet. The largest office property available for sale is 117,733 square feet. In addition to office properties, Schaumburg also offers a range of other commercial real estate options, including commercial buildings, apartment buildings, shopping centers, and hotels. For example, the Woodfield Mall is a major retail center that attracts visitors from around the world, while the Schaumburg Regional Airport offers a range of opportunities for businesses looking to establish a presence in the aviation industry. With its strong economy, excellent infrastructure, and range of amenities, Schaumburg is an attractive location for businesses and investors alike.
What is the average price per square foot for office properties in Schaumburg?
The average price per square foot for office properties in Schaumburg is $140 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Schaumburg, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer a balance between quality and affordability, featuring standard finishes and amenities, and are often located in decent areas, appealing to a wide range of tenants.
- Class C office properties are generally older, less renovated buildings with basic amenities, and may be located in less desirable areas, typically attracting smaller businesses or startups with limited budgets.
