Local Private Investor Acquires 23,000 Square Foot Retail Strip Center In Schiller Park For $3.5M
4926 Des Plaines River Road
$3,500,000
$152/SF
Building Size
23,000 SF
Asset Type
Retail
Closing
Jun 24, 2026
About this deal
AI
A local private investor acquired a 23,000-square-foot, six-suite retail strip center located at 4926 North River Road in Schiller Park, Illinois, for $3.5 million as part of a 1031 exchange. The asset spans 1.38 acres and is occupied by various tenants including Shoeless Joe’s Restaurant, Enterprise Rent-A-Car, and Axeclusive Throwing & VR Lounge.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Square Footage: 23,000
- Price Per Square Foot: $152
- Address: 4926 North River Road
- Market: Schiller Park, IL
- Brokers: Adrian Mendoza, Sean Sharko & Austin Weisenbeck - Marcus & Millichap
Marcus & Millichap represented the seller, a partnership of two local investors, in this transaction. The involvement of Adrian Mendoza, Sean Sharko, and Austin Weisenbeck facilitated the successful completion of this deal.
On the Map
$3,500,000
$152/SF
Retail
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Players
Schiller Park Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93