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O'Hare Airport Adjacent Strip Center 4926-4940 N River Rd 23,000 SF 100% Leased Retail Building Schiller Park, IL 60176 $4,867,666 CAD ($211.64 CAD/SF) 8.89% Cap Rate
INVESTMENT HIGHLIGHTS
- Six Tenant Unanchored Strip Center Housing a Variety of Service Based Tenants
- 406,000+ People Live Within a Five-Mile Radius of the Property
- Located Just Minutes from Rosemont’s Main Convention and Entertainment District
- Property is Positioned Along River Road | 25,800 Vehicles Per Day
- 0.9 Miles from Interstate 294 Interchange and 1.2 Miles from Interstate 190
- 0.75 Miles from the Donald E. Stephens Convention Center | Home to Over 200 Tradeshows and Conventions Annually | Approx 1.35 Million Annual Visitors
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,000 SF
Building Class
B
Year Built
1990
Price
$4,867,666 CAD
Price Per SF
$211.64 CAD
Cap Rate
8.89%
NOI
$432,622 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
1.38 AC
Parking
82 Spaces (3.57 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-10-302-043-0000 | Improvements Assessment | $347,810 CAD |
| Land Assessment | $299,383 CAD | Total Assessment | $647,192 CAD |
PROPERTY TAXES
Parcel Number
12-10-302-043-0000
Land Assessment
$299,383 CAD
Improvements Assessment
$347,810 CAD
Total Assessment
$647,192 CAD
CONTACTS
-
Adrian Mendoza -
Sean Sharko -
Austin Weisenbeck -
Sharko | Weisenbeck | Mendoza Group
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O'Hare Airport Adjacent Strip Center | 4926-4940 N River Rd
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