CRER is pleased to announce the successful closing of 515 W Lunt Avenue in Schaumburg, Illinois, for a sale price of $1,185,000. The transaction was brokered by Timothy Keenan of CRER, continuing the firm’s strong performance in owner-user and industrial sales throughout the northwest suburban market.
Located within the Centex Schaumburg Industrial Park, the property offers a highly functional industrial layout with significant outdoor storage—an increasingly sought-after asset type in today’s market. The combination of a freestanding industrial building, a substantial secured yard, and a central Schaumburg location drove strong buyer interest throughout the sales process.
A Rare Industrial Opportunity
The property offers an exceptional building-to-land ratio ideal for contractors, fleet operators, equipment storage, and outdoor industrial users. The site is fully fenced with a paved yard area and provides excellent access to major transportation corridors, including I-90 and the greater O’Hare industrial market.
Notably, the subject property’s 13% site coverage is extremely rare. Most industrial properties in Schaumburg typically maintain 35–45% coverage, meaning they offer very little yard space compared to this unique asset.
Property Overview
- Address: 515 W Lunt Ave, Schaumburg, IL
- Sale Price: $1,185,000
- Building Size: 4,273 SF
- Land Area: 32,000 SF (± 0.735 acres)
- Construction: 1-story brick commercial building
- Warehouse Area: Approximately 2,500 SF
- 18’ clear ceiling height
- Two (2) drive-in doors
- Floor drains
- Office / Support Area: Balance of building area
- Yard Space: Approximately 27,727 SF, providing extensive secured outdoor storage and parking
Now Available for Lease
In addition to closing the sale of 515 W Lunt Avenue, Timothy Keenan is also actively marketing the property for lease. The site offers a rare opportunity for tenants seeking industrial space with substantial secured outdoor storage in Schaumburg.
With approximately 4,273 square feet of building space and nearly 28,000 square feet of yard area, the property is well suited for contractors, fleet-based businesses, equipment storage, and other outdoor industrial users that require both warehouse functionality and usable yard space. Opportunities with this level of yard capacity are limited within the Schaumburg industrial market.
The property also aligns with the growing demand for Industrial Outdoor Storage (IOS) and Industrial Service Facility (ISF) sites across the Chicago industrial market. IOS properties provide large secured yards for equipment, fleet vehicles, containers, and materials, while ISF properties combine functional warehouse space with outdoor operational areas for service-based businesses. With its low 13% site coverage and extensive paved yard, 515 W Lunt Ave represents a format that is increasingly difficult to find in established industrial parks such as Schaumburg. The configuration supports a wide range of operational users that rely on both indoor and outdoor space to efficiently run their businesses.
Businesses interested in leasing the property can contact Timothy Keenan for additional details, availability, and lease terms.
Featured Active Industrial Listings
Building on this momentum, Timothy Keenan continues to represent a variety of high-potential industrial properties across the Chicago suburbs. Below are featured active listings that offer strategic advantages for business owners and investors looking for functional space in prime transportation corridors.
Recently Sold by CRER
CRER’s track record of success in the industrial sector is built on deep local market knowledge and a commitment to achieving maximum value for our clients. Here is a look at several other recent transactions that demonstrate Timothy’s expertise in navigating the complexities of the industrial and commercial land markets:
- 2600 W 19th St | 65,000 SF Industrial Sold Over Asking
- CRER Sells 40,000 SF Humboldt Park Land Site
- Sean Mason, CCIM of CRER Represents Buyer in Strategic 1031 Exchange
Contact Timothy Keenan
Whether you are an owner-user looking for a new facility to grow your business or an investor seeking to dispose of a strategic asset, Timothy Keenan provides the market insight and dedication necessary to achieve your goals. With a proven ability to identify rare opportunities—such as the low-site-coverage property at 515 W Lunt Ave—Timothy is uniquely positioned to help you navigate today’s competitive industrial landscape.
Contact Timothy Keenan today for a complimentary property valuation or to discuss how his strategic approach can add value to your next real estate transaction.
