Real Estate Agent Jean Crosby, Designated Managing Broker and Owner

Jean Crosby, Designated Managing Broker and Owner REALTOR®

(815) 231-2900
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1118 Morse Avenue, Schaumburg, IL 60193

$2,250,000
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  • 1118 Morse Avenue, Schaumburg, IL 60193 Main Photo

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SQUARE FEET20,620 MLS#12785137
STATUSActive PROPERTY TYPECommercial - Industrial
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Property Description

The subject property is a two-tenant, 20,620 square foot industrial property, located in Spectrum Industrial Park on the south side of Schaumburg, along the Elgin O'Hare Expressway (IL-390). The building has a total of three drive-in doors and two interior loading docks and has the ability to be subdivided into three separate units. The ceiling height is 14' clear and it is1.08 acres with the parking lot in the back of the building, and overall the property is in good condition. Roof is completely redone in 2024. The building is located in the County of Cook, with relatively low real estate taxes for the area.Currently, the building has one 10,000 square foot which used by the owner and and one is leased 10,620 SF space until April 2027. The short term lease allows a new owner to either expand into the occupied unit, or increase the rent at the next renewal. The property offers an ideal opportunity for an owner/user investor to utilize the income while occupying half of the building, or allows an investor to increase value by leasing to a new tenant.

1118 Morse Avenue | MLS# 12785137

This commercial property located at 1118 Morse Avenue, Schaumburg, IL 60193 is currently listed for sale with an asking price of $2,250,000. Search Schaumburg real estate on jean.bhhscrosby.com today.

Property Features

Property Type: Commercial - Industrial
Cooling: Central Air
Lot Size: 1.08 Acres
Stories: 1.0
Taxes: $99,761
Year Built: 1988

Feature Descriptions

Electric: Circuit Breakers
Fire Protection: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Hydrants On Site, Partially Sprinklered, Smoke or Fire Protectors, Sprinklers-Dry, Sprinklers, Carbon Monoxide Detector(s)
HVAC: Central Bldg Heat, Central Heat/Indiv Controls, Other
Lot Dimensions: 1.06
Parcel#: 07331020430000
Tenant Pays: Other
Units: 2

Listed By / Shown By

Listed By

Agency Name: Rose Realty LLC
Agency Phone: 773-490-1749

Shown By

Agent Name: Jean Crosby, Designated Managing Broker and Owner
Agent Phone: (815) 231-2900
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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