1201 Remington RdSchaumburg, IL 60173

  • Industrial properties
  • 2.92 AC

Property Details for 1201 Remington Rd

Year built
1973
Lot size
2.92 AC
Property type
Industrial properties
APN
07-12-300-023
APU
712300023

Description

This ±5,679 square foot industrial space is available for lease at 1201 Remington Road in Schaumburg, Illinois. Located within the prestigious Schaumburg Business Park, this well-maintained facility offers excellent access to major transportation arteries, including I-90 and I-290 interchanges, and is in close proximity to O'Hare International Airport. The building, constructed in 1980, features a total of ±51,681 square feet on a ±2.92-acre lot. This single-story warehouse boasts a 16-foot clear ceiling height and ample parking. The available space includes ±1,363 square feet of office space. Loading is facilitated by one dock and one drive-in door. The property's electrical service is 225A, 208/120V, 3-phase. The property is under new ownership and professionally managed. This is a rare opportunity to lease a well-located, functional industrial space in a highly desirable business park. The minimum divisible space is 5,679 square feet, and the maximum contiguous space available is also 5,679 square feet. This space is part of a multi-tenant building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $26,287,886
    Hospitality
    $24,079,562
    Educational
    $20,033,914
    Medical
    $20,722,910
    Retail
    $31,163,864

Location Insight

City
Schaumburg
County
Cook
State
Illinois
Latitude
42.0527
Longitude
-88.0495
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$197,180
$222,895
$502,988
$725,883
-
$891,580
$2,011,952
$2,903,532

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