603 Wise Rd Schaumburg, IL 60193

This exceptional multi-tenant industrial property, located at 603-617 W Wise Rd, Schaumburg, IL 60193, presents a compelling investment opportunity. The 18,011 square foot property boasts six units, currently housing five tenants, including an auto shop and storefront businesses, generating a current NOI of $132,906 and a 5.32% cap rate. A pro-forma NOI of $258,850 projects a 10.35% cap rate, indicating significant upside potential. The property is zoned M-1, allowing for a variety of light industrial uses. The asking price is $2,500,000, translating to $138.80 per square foot. Situated in the thriving Cook County suburb of Schaumburg, this property benefits from excellent visibility and convenient access to major roadways, making it an attractive location for businesses. Landlord only pays electric, minimizing operating expenses. The property's strong tenant mix and prime location in a vibrant business community, combined with the potential for increased NOI, make this a highly desirable investment. The property's APN is 07332000390000. This is a freehold ownership opportunity.