1118 Morse Avenue, Schaumburg, IL 60193 - Photo 1

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$2,250,000 Just Listed

For Sale
Active
Commercial
20,620 Sq. Ft.
Updated 4 days ago

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Property 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.

Full Property Details

Full Property Details for 1118 Morse Ave

General

Price: $2,250,000
Taxes: $99,761 (2025)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12785137
Updated: 10/17/2026
Added to Site: 5 day(s) ago

Additional Information

Security/Safety: Alarm Monitored, Alarm on Site, Fire Extinguisher(s), Hydrants on Site, Partially Sprinklered, Smoke or Fire Protectors, Sprinklers (Dry), Sprinklers, Carbon Monoxide Detector(s)

Location

Area: Schaumburg
County: Cook
Driving Directions: Located on the NW corner of Morse Avenue and Rodenburg Road.
Location Details: Northwest Suburban

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Central Building Heat, Central Heat/Individual Controls, Other

Structural Information

Drive-In Doors: 3
# Loading Docks: 2
Loading: Interior
Stories/Levels: 1
Square Feet: 20,620
Year Built: 1988

Lot Features

Lot Size (Acres): 1.08
Lot Size (Sq. Ft.): 46,283
Lot Dimensions: 1.06
Zoning: INDUS

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Operating Expenses: $99,761
Security Deposit: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Hydrants On Site, Partially Sprinklered, Smoke or Fire Protectors, Sprinklers-Dry, Sprinklers, Carbon Monoxide Detector(s)
Assessment Year: 1988
Tax Amount: $99,761
Tax Year: 2025

Disclosures and Reports

Property ID: 7331020430000

Listed by Rose Realty LLC

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Schools

Schools serving 1118 Morse Ave

School Districts:Schaumburg Community Consolidated School District 54, Township High School District 211

Name	Grades	Distance
Edwin Aldrin Elementary School 617 Boxwood Drive, Schaumburg, IL 60193	PK-6	1.1 mi
Lincoln Prairie School 500 Hillcrest Boulevard, Hoffman Estates, IL 60169	K-8	4.3 mi
Robert Frost Junior High School 320 West Wise Road, Schaumburg, IL 60193	7-8	1.1 mi
Schaumburg High School 1100 West Schaumburg Road, Schaumburg, IL 60194	9-12	1.9 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1118 Morse Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/17/2026

Listed

$2,250,000

73.08%

MLS

11/02/2021

Sold

$1,300,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1118 Morse Ave

Year

Property Taxes

Change

Tax Assessment

Change

2023

$42,856

—

$223,261

46%

2023

$42,856

$152,991

—

2022

$41,559

25%

$152,991

39%

2021

$33,324

-8%

$109,947

-10%

2020

$36,341

-9%

$122,001

-18%

2019

$39,961

48%

$149,086

66%

2018

$26,994

-32%

$89,946

—

2017

$39,472

59%

$89,946

—

2016

$24,846

-6%

$89,946

2015

$26,375

$88,162

—

2014

$26,086

$88,162

—

2013

$25,418

$88,162

-1%

2012

$23,422

—

$88,680

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 1118 Morse Ave

1118 Morse Avenue, Schaumburg, IL 60193 (MLS# 12785137) is a Commercial property. 1118 Morse Avenue is currently listed for $2,250,000 and was received on October 17, 2026. Want to learn more about 1118 Morse Avenue? Do you have questions about finding other Commercial real estate for sale in Schaumburg? You can browse all Schaumburg real estate or contact a Coldwell Banker agent to request more information.

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1118 Morse Ave Schaumburg, IL 60193