The village of Schaumburg is a bustling community northwest of Chicago where people are drawn to work, shop, and dine. It’s also a magnet for condo dwellers who want to be close to jobs and leisure activities and enjoy the peace and quiet of a suburban community.
Many Fortune 500 businesses, such as Motorola, have their corporate headquarters in Schaumburg. The village is the site of Woodfield Shopping Center, one of the largest shopping malls in the country. It draws thousands of people daily to a range of retailers from Brookstone to Banana Republic, Eddie Bauer and many others. Whether your taste is for a juicy steak, lasagna or a salad, there are restaurants to satisfy any diner’s desires in Schaumburg.
Though Schaumburg was incorporated just 50 years ago, it has a longer history. It was settled in the mid-1800s. The village takes its name from Schaumburg-Lippe, an area in Germany from which many of its original settlers hailed. Schaumburg’s conversion from a rural community to a vibrant suburb of Chicago began in the 1960s. That’s when the village’s first large residential subdivision of 6,800 houses was built. It is no wonder that condo dwellers, along with top-name companies, want to reside in Schaumburg.
The community has a convenient location. It is just 15 miles from O’Hare International Airport and 22 miles from Chicago’s Loop. It also has a commuter train station and is close to major expressways. Schaumburg’s preeminence as a business center is supported by statistics. It has 9.5 million square feet of retail and commercial space, 12 million square feet of office space and 13.5 million square feet of industrial space. During the daytime, its population surges from about 75,000 to 150,000, a workforce that is likely to also need a convenient place to live. For people who work long hours and play just as hard, a condo is the place to live. There is no need to worry about mowing the lawn although many condos in Schaumburg are in pleasant, tree-lined neighborhoods. Many condos are in lower level buildings and tend to have exteriors of brick or vinyl siding and a traditional style.
Prices range from about $200,000 to $470,000. Conversions of apartments to condos also are being done in Schaumburg. One project is at 21 Kristen Place where 357 units in a 12-story apartment complex will be converted to condos. The complex also has common amenities including a swimming pool, tennis court and children’s play area. Condo dwellers will find many other amenities to enjoy in Schaumburg.
The Prairie Center for the Arts offers concerts, theatrical performances and other cultural events. A minor league baseball team, the Schaumburg Flyers, play here. For baseball, culture, convenience and condos, there is not a better place to be than Schaumburg. With so many people living and working in the area, condos are also a great as an investment property.