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

1005 West Wise Road — Lease in Schaumburg, IL, photo 1 of 4
1005 West Wise Road — Lease in Schaumburg, IL, photo 2 of 4
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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

$1.54/SF/mo – $2.08/SF/mo

Mid: $1.82/SF/mo

Based on comparable properties in similar markets rather than local sales.

First seen on CREHunt: Sep 23, 2026

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