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1118 Morse Ave , Schaumburg, IL 60193
$2,250,000
Est. Payment: $12,279.17/mo
20620 Sqft
1.06 Acres
Status: active | Days on site: 7
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16535 - 145730
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House 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.

Highlights

Listed by Yasar Senlik , 773-490-1749 Rose Realty LLC , 773-490-1749. Midwest Real Estate Data mls logo

Property Type

Commercial Sale

Lot/Acreage
1.06

Year Built

1988

County

Cook

Area

Schaumburg

Listing ID

12785137

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Interior Features

Air Cond:Central Air
Fireplaces:

Exterior Features

Lot Dimensions:1.06
Zoning:INDUS
Principal Interest
$12,279
Taxes
$8,313

Home Price

$2,250,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$450,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$12,279.17

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,279.17 $8,313.42 $0.00 $20,592.59
Yearly $147,350.08 $99,761.00 $0.00 $247,111.08
Total $4,420,502.29 $2,992,830.00 $0.00 $7,413,332.29
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Master Chief
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Market insight data is pulled from the same city as the listing being viewed (Schaumburg, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T06:57:04.000Z

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