1005 West Wise Road — Lease in Schaumburg, IL
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Schaumburg, IL 60193
Photos
Description
• Ownership Benefits: Professional practices can build equity while controlling costs by owning their specific space without managing an entire building, priced for utility rather than prestige. • Tax Advantages: 100% bonus depreciation under current tax law may be available to qualified buyers to accelerate significant year-one depreciation, dramatically improving ownership costs (consult your CPA for specifics). • Functionality: Ground-floor access, existing drive-through, and dedicated parking make this ideal for professional services (legal, medical, financial/credit unions, accounting) where client access matters most. • Target Buyers: Firms seeking ownership, predictable costs, and tax-efficient wealth building.
Market Context
This retail in Schaumburg, IL is listed for lease. Compare it against other retail listings for lease in Schaumburg, IL — view the full market.
As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Retail market FAQ
- What is the typical cap rate for retail in Chicago?
- About 7.9% as of Q4 2025, per multiple brokerage reports.
- Is the Chicago retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).
Estimated Market Rate
$1.62/SF/mo – $2.29/SF/mo
Mid: $1.95/SF/mo
First seen on CREHunt: Sep 23, 2026
Contact
- Lew Kornberg · lew.kornberg@jll.com
- Natalie Belloff · natalie.belloff@jll.com
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