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Shopping Strip

O'Hare Airport Adjacent Strip Center

4926 N River Rd, Schiller Park, IL 60176

Listing Price: $3,750,000

Cap Rate
8.53%
Gross SF
23,000
Rentable SF
23,000
Price/Gross SF
$163.04
Lot Size
1.38 acres
Year Built
2000

Investment Overview

This six-tenant unanchored strip center offers a diverse mix of service-based tenants, including Shoeless Joe’s restaurant (a top-rated local favorite), Enterprise Rent-A-Car, and Axeclusive Throwing & VR Lounge. Most tenants operate on net leases with annual rent increases ranging from 2% to 5%, providing steady income growth and long-term stability.

Located in a high barrier-to-entry market, the property sits just minutes from O’Hare International Airport and major Rosemont attractions such as the Fashion Outlets of Chicago and the Donald E. Stephens Convention Center. Positioned along River Road— which sees 25,800 vehicles per day— the center also benefits from convenient access to multiple interstate highways.

The area is densely populated, with over 406,000 residents within a five-mile radius and a strong daytime population. The property features 82 surface parking spaces and a generous building setback. Flexible zoning allows for both retail and industrial use, offering versatility for current tenants or future redevelopment opportunities. Located amidst newly renovated properties and ongoing development, the center is well-positioned in one of the most competitive and supply-constrained submarkets in the region.

Investment Highlights

  • Six Tenant Unanchored Strip Center Housing a Variety of Service Based Tenants
  • Property is Positioned Along River Road | 25,800 Vehicles Per Day
  • 406,000+ People Live Within a Five-Mile Radius of the Property
  • 0.9 Miles from Interstate 294 Interchange and 1.2 Miles from Interstate 190
  • Located Just Minutes from Rosemont's Main Convention and Entertainment District
  • 0.75 Miles from the Donald E. Stephens Convention Center | Home to Over 200 Tradeshows and Conventions Annually | Approximately 1.35 Million Visitors Annually

Exclusively Listed By

Financing By

Shopping Strip

O'Hare Airport Adjacent Strip Center

Listing Price: $3,750,000

Cap Rate
8.53%
Gross SF
23,000
Rentable SF
23,000
Price/Gross SF
$163.04
Lot Size
1.38 acres
Year Built
2000

Investment Highlights

  • Six Tenant Unanchored Strip Center Housing a Variety of Service Based Tenants
  • Property is Positioned Along River Road | 25,800 Vehicles Per Day
  • 406,000+ People Live Within a Five-Mile Radius of the Property
  • 0.9 Miles from Interstate 294 Interchange and 1.2 Miles from Interstate 190
  • Located Just Minutes from Rosemont's Main Convention and Entertainment District
  • 0.75 Miles from the Donald E. Stephens Convention Center | Home to Over 200 Tradeshows and Conventions Annually | Approximately 1.35 Million Visitors Annually

Investment Overview

This six-tenant unanchored strip center offers a diverse mix of service-based tenants, including Shoeless Joe’s restaurant (a top-rated local favorite), Enterprise Rent-A-Car, and Axeclusive Throwing & VR Lounge. Most tenants operate on net leases with annual rent increases ranging from 2% to 5%, providing steady income growth and long-term stability. Located in a high barrier-to-entry market, the property sits just minutes from O’Hare International Airport and major Rosemont attractions such as the Fashion Outlets of Chicago and the Donald E. Stephens Convention Center. Positioned along River Road— which sees 25,800 vehicles per day— the center also benefits from convenient access to multiple interstate highways. The area is densely populated, with over 406,000 residents within a five-mile radius and a strong daytime population. The property features 82 surface parking spaces and a generous building setback. Flexible zoning allows for both retail and industrial use, offering versatility for current tenants or future redevelopment opportunities. Located amidst newly renovated properties and ongoing development, the center is well-positioned in one of the most competitive and supply-constrained submarkets in the region.

Exclusively Listed By

Financing By

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