1212 Mitchell BlvdSchaumburg, IL 60193

Property Details for 1212 Mitchell Blvd

Year built

1976

Lot size

0.50 AC

Property type

Auto shops

APN

07-33-200-047

APU

733200047

Description

This 5,400-square-foot industrial building located at 1212 Mitchell Boulevard in Schaumburg, Illinois, presents a unique investment opportunity. Currently configured as a dealership showroom, repair shop, and office space, the property offers significant flexibility for a variety of uses. The building includes a repair shop equipped with floor drains, ideal for automotive repair or similar businesses requiring this feature. A convenient office area is complemented by two bathrooms and a kitchen, enhancing functionality and employee comfort. Ample parking is available, with space for 50-60 vehicles. The property's versatile layout and substantial parking make it suitable for a range of businesses, including but not limited to auto repair shops, contractor yards, or warehouse operations. The building's prime location in Schaumburg offers excellent access to major transportation routes and a thriving business community. This property represents a compelling opportunity for an investor or business owner seeking a well-maintained, adaptable space with high potential for return. The asking price is $1,290,000. The property sits on a lot with zero acres. Multiple possibilities and potential uses exist for this adaptable space.

• CAP approach

  CAP return

  Valuation

  6%

  $5,761,601

  6.5%

  $5,318,401

  7%

  $4,938,515

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,553,484

  Geo Method

  $7,124,888

• Alternative Use

  Use

  Valuation

  Residential

  $4,486,270

  Hospitality

  $4,109,400

  Educational

  $3,418,972

  Medical

  $3,536,556

  Retail

  $5,318,401

Location Insight

City

Schaumburg

County

Cook

State

Illinois

Latitude

42.004

Longitude

-88.0922

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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