Retail in Schaumburg, IL — Lease in Schaumburg, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Schaumburg, IL 60173

Photos

Retail in Schaumburg, IL — Lease in Schaumburg, IL, photo 1 of 1

Description

+/- 12,000 SF Former Free-Standing Restaurant Available + +/- 12,000 SF of Future Restaurant Space Available + Opportunity includes +/- 1,400 SF of exterior patio space + Enjoy co-tenancy with Blue Martini at this location (soon to be under construction). + Building will undergo a significant exterior renovation + Strong demographics and daytime population in the immediate market

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

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