506 S Schmale Rd | Carol Stream, IL 60188
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506 S Schmale Rd
Carol Stream, IL 60188
Altius Dispensary (Vise Partners) · Retail Property For Sale
Investment Highlights
- Extensively renovated to accommodate Altius – Tenant spent $1.25 million
- NNN – extremely limited landlord responsibilities
- Affluent area – Six figure average household income within five miles ($148,030)
- New 12-year lease with 3% annual rental escalations
- Proximity to major thoroughfares North Avenue (57,300 VPD) & Interstate 355 (121,400 VPD)
- Neighboring tenants include The Home Depot, Jewel-Osco, AutoZone, Chase Bank, McDonald’s, Starbucks, ALDI, Goodwill, Wendy’s, US Bank, Belle Tire
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
4,500 SF
Building Class
C
Year Built/Renovated
1976/2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.05 AC
Zoning
B-2 - General Retail District
Parking
17 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
77’ on Schmale Rd
Amenities
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 05-04-304-066 | Improvements Assessment | $229,078 |
| Land Assessment | $168,664 | Total Assessment | $397,742 |
Property Taxes
Parcel Number
05-04-304-066
Land Assessment
$168,664
Improvements Assessment
$229,078
Total Assessment
$397,742
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