229-365 S Roselle Rd
Schaumburg, IL 60193
Retail Property For Sale

Marcus & Millichap has been selected to exclusively offer for sale Suburban Plaza located in Schaumburg, Illinois. Suburban Plaza is comprised of 21,959 square feet of gross leasable area and a total lot size of 2.07 acres. The property is ideally located along south Roselle Road and boasts excellent exposure with over 400 feet of frontage and 28,100 vehicles per day. The property is very well parked with 122 surface spaces. Suburban Plaza sits in Illinois' largest retail corridor outside of Chicago, containing virtually every major national and regional retailer. This highly desirable corridor contains an aggregate of 6.8 million square feet of retail shopping space, with over 200,000 square feet of complementary retail lying within a half mile radius of Suburban Plaza. Suburban Plaza is 100 percent occupied, with an ideal mix of national and local tenants, some of which include Verizon Wireless and L.A. Tan. Half of the center' s tenants have occupied their space for over 10 years, with multiple tenants having occupied their space for over 20 years. Each of Suburban Plaza' s 12 tenants are service tenants and operate internet resistant business models. Suburban Plaza is just 2.5 miles away from the super-regional Woodfield Mall, which attracts more than 27 million visitors each year from the entire Midwest. Another contributing factor of Suburban Plaza' s success is its highly dense residential area, containing Town Square Condominiums (238 units directly across Roselle Road), as well as Lakewood Condominiums (478 units), Lexington Village (364 units), and Beech Pointe Apartments (192 units), all within walking distance of Suburban Plaza.