Geneva Crossing

520-540 Schmale Road, Carol Stream, IL 60188

  • For Sale $3,715,000
  • Property Type Retail - Strip
  • Property Size 28,070 SF
  • Lot Size 9.7 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1997
  • Date Updated Apr 9, 2024
520-540 Schmale Road±28,000 SF three NNN tenant retail center located in Carol Stream, IL (Chicago MSA) 94% of the center is leased to national tenants: Goodwill (2028 expiration) and DaVita Dialysis (2029 expiration) In-Place NOI = $297,091 Geneva Crossings has seen robust leasing activity, including DaVita signing a 10-year lease in 2019, Winning Circle Café joining in 2023, and XSport Fitness Gym securing the adjacent box (separately owned), positioned right beside the DaVita space. Carol Stream, IL features superb retail demographics, with 255,000+ residents earning ±$125,000 in avg household income (5-mile radius). The property also benefits greatly from a strong local workforce with a daytime population of over 240,000 people. Asking Price: $3,715,000 (8.00% Cap Rate) The property is being offered “free and clear” of any existing debt, providing a buyer with a fantastic opportunity to obtain attractive financing.

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Highlights

  • ±28,000 SF three NNN tenant retail center located in Carol Stream, IL (Chicago MSA)
  • 94% of the center is leased to national tenants: Goodwill (2028 expiration) and DaVita Dialysis (2029 expiration)
  • In-Place NOI = $297,091
  • Geneva Crossings has seen robust leasing activity, including DaVita signing a 10-year lease in 2019, Winning Circle Café joining in 2023, and XSport Fitness Gym securing the adjacent box (separately owned), positioned right beside the DaVita space.
  • Carol Stream, IL features superb retail demographics, with 255,000+ residents earning ±$125,000 in avg household income (5-mile radius). The property also benefits greatly from a strong local workforce with a daytime population of over 240,000 people.
  • Asking Price: $3,715,000 (8.00% Cap Rate)
  • The property is being offered “free and clear” of any existing debt, providing a buyer with a fantastic opportunity to obtain attractive financing.

Contacts

broker

Steven Silverman

Friedman Real Estate

(248) 324-2000

Location

Getting Around

  • Walk Score ®

    61/100 Somewhat Walkable

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Carol Stream, IL
  • Neighborhood Industrial District
  • Zip Code 60188
  • Market Chicago

Points of Interest

  • Wheaton

    1.78 miles

  • College Avenue

    1.84 miles

  • Glen Ellyn

    2.56 miles

  • Winfield

    2.75 miles

  • West Chicago

    4.57 miles

  • Lombard

    4.70 miles

  • Lisle

    6.68 miles

  • Roselle

    6.71 miles

  • Medinah

    6.82 miles

  • Schaumburg

    6.87 miles

  • Shell

    0.24 miles

  • Mobil

    1.73 miles

  • Marathon

    1.93 miles

  • Citgo

    2.14 miles

  • 7-Eleven

    2.18 miles

  • Citgo

    2.34 miles

  • Mobil

    2.41 miles

  • Mobil

    2.71 miles

  • Speedway

    2.78 miles

  • BP

    2.81 miles

  • Church of the Rez Parking

    1.54 miles

  • Church of the Rez overflow Parking

    1.60 miles

  • Wheaton Public Library Parking Lot

    1.66 miles

  • Metra Train Station Parking

    1.88 miles

  • DuPage County Fairgrounds parking

    2.01 miles

  • Parking lot 1

    2.54 miles

  • Parking lot 2

    2.61 miles

  • Physician Parking

    2.64 miles

  • Parking lot 3

    2.66 miles

  • Metra Station Daily Parking

    2.68 miles

  • Qdoba

    0.21 miles

  • Arby's

    0.29 miles

  • Jimmy John's

    0.35 miles

  • Steamboat BBQ

    0.42 miles

  • Pa Liam

    0.42 miles

  • Denny's

    0.47 miles

  • Addante's Pizza & Catering

    0.54 miles

  • Subway

    0.54 miles

  • Culver's

    0.59 miles

  • Rosati’s

    0.90 miles

  • Jewel-Osco

    0.35 miles

  • Valli Produce

    1.57 miles

  • Mariano's Fresh Market

    2.15 miles

  • Walgreens

    2.40 miles

  • Ultra Foods

    2.53 miles

  • Kohl's

    2.57 miles

  • Target

    2.61 miles

  • The Fresh Market

    2.73 miles

  • Walmart Supercenter

    3.25 miles

  • Target

    3.29 miles

Frequently Asked Questions

What is the lease rate for Geneva Crossing?

Rental asking rate at Geneva Crossing is $1,857,500.00/YR.

What is the total square footage of Geneva Crossing?

Geneva Crossing totals 28,070 square feet.

When was this property built?

Geneva Crossing was built in 1997.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Steven Silverman

Friedman Real Estate

(248) 324-2000