Woodfield Mall — Lease in Schaumburg, IL

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

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Woodfield Mall — Lease in Schaumburg, IL, photo 1 of 1

Description

Former Chevy's Fresh Mex Restaurant Available Immediately 8,000 SF building divisible to 12,000 SF. Freestanding former Chevy's Fresh Mex Restaurant available immediately in Schaumburg, IL with plentiful outdoor seating and most restaurant FF&E intact.

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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