Former Sears + Auto Center Portfolio 2 Retail Properties in Schaumburg, IL

This offering presents a rare investment and redevelopment opportunity within the highly productive Woodfield Mall in Schaumburg, Illinois. Situated on a 31.33-acre parcel, the property includes a two-story former Sears building totaling ±223,175 SF and an additional ±50,000 SF auto center footprint. Its placement within one of the Midwest’s top-performing malls ensures long-term value potential supported by strong regional demand, consistent foot traffic, and premier national tenants.
The site is strategically located at the crossroads of I-90 and I-290 with combined daily traffic counts exceeding 308,000 vehicles. The surrounding area features a dense corporate, retail, and hospitality environment comprising over 30 million square feet of complementary uses and 268,000 employees within a 15-minute radius. With proximity to O’Hare International Airport, the property offers superior regional connectivity for future development.
This asset is suitable for large-scale redevelopment, mixed-use integration, or adaptive reuse benefiting from exceptional co-tenancy with more than 280 nationally recognized retailers, including Apple, Nordstrom, and Macy’s. Situated in a stable trade area drawing 15.1 million annual visits, the parcel offers both near-term repositioning upside and long-term appreciation potential.