Overview

Description

PROPERTY DESCRIPTION
This historic building, located directly on Roselle Road just south of Schaumburg Road is a mixed use building consisting of 20 small office suites and 2 residential apartments. Located across from the Schaumburg Library, this building provides an opportunity for someone to own a piece of history. Completely renovated between 2007 and 2009, the building is in excellent condition and 96% occupied. Being one of a few buildings with affordable, single suite office space in a dense area, this building rarely has much vacancy.

LOCATION OVERVIEW
Schaumburg is located in Cook County and is a Northwestern suburb of Chicago. Also known as part of the Golden Corridor, which is is the area around the Jane Addams Memorial Tollway (I-90) in the Chicago metropolitan area. It is coined as such since the corridor generates a "gold" mine of economic profit for communities in the area. Several Fortune 500 company headquarters, office parks, industrial parks, exhibition and entertainment centers, medical facilities, hotels, shopping centers, and restaurants are located along the Golden Corridor. Schaumburg is located roughly 28 miles northwest of the Chicago Loop and approx.10 miles northwest of O'Hare International Airport. As of the 2010 census, the city had a total population of 74,227. The city contains the world headquarters of Motorola Solutions and one of only two IKEA stores in Illinois. It contains the Woodfield Mall, the 9th largest mall in America, which at most times has over 300 stores. Schaumburg's transition from a rural community to that of a suburban metropolis began with Alfred Campanelli's first large scale suburban-style development in 1959 and Woodfield Mall's opening on September 9, 1971.

Highlights

• Historic Building for Sale
• 96 Occupied
• Opportunity for Additional Income from Renting Slots on Ground Sign
• Located in a TIF Zone
• Excellent Visibility with Abundant Parking
• Complete Renovation Finished in 2010
• All Leases are Year to Year

Documents

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