Geneva Crossing

For Sale

520-540 Schmale Road, Carol Stream, IL 60188

This Carol Stream property for sale is located at 520-540 Schmale Road. The current listed sale price for Geneva Crossing is $3,715,000. Geneva Crossing is situated on a lot that is 9.7 acre in size.

Contacts

broker

Steven Silverman

Friedman Real Estate

(248) 324-2000

Property Details

  • 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.

Getting around

  • 61/100

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  • 50/100

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Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Steven Silverman

Friedman Real Estate

(248) 324-2000