1300 Basswood RdSchaumburg, IL 60173

Property Details for 1300 Basswood Rd

Year built

1984

Lot size

2.73 AC

Property type

Industrial properties

APN

07-11-303-009

APU

711303009

Description

This exceptional investment opportunity presents a 47,597-square-foot industrial manufacturing facility located at 1300 Basswood Rd, Schaumburg, IL 60173, within Cook County. The property is currently under a single-tenant, net lease agreement with a full-service printing business, featuring a 4.5-year lease term remaining. The lease includes attractive 2% annual rent escalations and provisions for fair market value renewals. The tenant has made significant recent investments in the facility, including a new multi-million dollar printing line, indicating a strong commitment to the location. The asking price is $4,500,000, representing a 6.40% capitalization rate. The property sits on a 3.3-acre lot and generates a net operating income of $286,000, or $6.01 per square foot. This strategically located, multi-functional building offers a compelling investment opportunity in the highly desirable Chicago industrial market, characterized by significant barriers to entry and a strong, affluent demographic profile. The below-market rent presents potential for increased future rental income. This mission-critical facility, with its attractive net lease structure, provides a stable and potentially lucrative investment.

• Alternative Use

  Use

  Valuation

  Residential

  $24,577,452

  Hospitality

  $22,512,814

  Educational

  $18,730,398

  Medical

  $19,374,564

  Retail

  $29,136,174

Location Insight

City

Schaumburg

County

Cook

State

Illinois

Latitude

42.0541

Longitude

-88.0656

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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