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105 S Roselle Road, Schaumburg, IL

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105 S Roselle Road

Schaumburg, IL 60193-1661 - Schaumburg Area Submarket

(2.4 MB)

Property Type:Office Sub Type:Office/Residential Status:Existing , Renov 2007 Year Built:1884
Stories:3 Typical Floor:4,000 SF Building Size:12,240 SF
For Sale Price:$1,450,000 Price/SF:$118.46
Cap Rate:9.00 %
Parking:Free Surface spaces

Sale Notes:
Historic building for sale (built in the 1800s, this building originally housed the Schaumburg Creamery Company)
97.75% occupied
Opportunity for additional income from renting slots on ground sign
Located in a TIF zone
Very low taxes ($24,000 in 2015), currently being appealed (past appeals have been successful)
Excellent visibility
Abundant parking
Complete renovation finished in 2010
Located in Downtown, Historical Schaumburg and a rare opportunity to own a historical building
All leases are year to year; most tenants have continued to renew each year. Vacancies tend to be filled quickly
as there is very little single office space available for lease in the local market. Top floor consists of two
residential apartments, which will continue to help keep the building taxes low.

SVN l Chicago Commercial
Olivia Czyzynski
(312) 676-1862

Jennifer Hopkins
(312) 676-1865

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