What is the typical cap rate for other in Chicago?

About 9.8% as of Q1 2026, per multiple brokerages.

Is the Chicago other market tightening or softening?

Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).

Other

Prairie Towne Center

prairie towne center, schaumburg, IL 60193

Price

Price on request

Description

Retail for Lease at Prairie Towne Center +OPPORTUNITY −High Visibility small shops +MAJOR TRAFFIC GENERATORS −Kohls −Target, Jewel Osco, Home Depot, Ross, Michaels & Petsmart at Same Intersection +STRONG DEMOGRAPHICS −236,791 people within 5 miles −$101,215 average HH incomes +HIGH TRAFFIC −56,500 VPD Traffic Count −832,000 Annual Visits

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

prairie towne center, schaumburg, IL 60193

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Chicago other market showed a 26.9% vacancy rate, average asking rents near $45.41/SF/yr, rents up 5.2% year over year, and cap rates around 9.8%. Source: multiple brokerages Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other other listings for sale in Schaumburg, IL to benchmark pricing and space — view the full market.

Other market FAQ

What is the typical cap rate for other in Chicago?: About 9.8% as of Q1 2026, per multiple brokerages.
Is the Chicago other market tightening or softening?: Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.