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2300 E HIGGINS RD Elk Grove Village IL 60007-2632

[Locked] • APN 08-26-401-043-0000

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Details
Property Type Office
Building SqFt 36,000
Lot SqFt 105,746
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code I-2
Building Count 1
Opportunity Zone No
Sold Price per Acre ******
Tax Year ******
Owner Name CHICAGO TITLE LAND TRUST
Owner Mailing Address (Full Address) ******
APN 08-26-401-043-0000
USPS Vacancy Indicator N

Property History

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Property Type
Property Type
Office
Property Subtype
Traditional Office
Marketing Description
Near Landmeier and Higgins, this 34,106 square foot multi-tenant office building is priced below replacement cost. The three story office building is currently 84% occupied, with available suites ranging from 535 to 1,449 square feet; many of the tenants are long-term occupants. Many of the tenants are on substantially below market rents. Several of the tenants are third-party logistics companies, drawn to this property for its proximity to their distribution centers. The office is on a 2.5 acre site, providing ample parking for tenants as well as ample room for redevelopment. The site can potentially be redeveloped for industrial or commercial use. This value-add property is a great opportunity to redevelop or reposition a building in the desirable O'Hare submarket.
Property Type
Property Type
Office, Land
Marketing Description
Near Landmeier and Higgins, this 34,106 square foot multi-tenant office building is priced below replacement cost. The three story office building is currently 84% occupied, with available suites ranging from 535 to 1,449 square feet; many of the tenants are long-term occupants. Many of the tenants are on substantially below market rents. Several of the tenants are third-party logistics companies, drawn to this property for its proximity to

their distribution centers.

The office is on a 2.5 acre site, providing ample parking for tenants as well as ample room for redevelopment. The site can potentially be redeveloped for industrial or commercial use. This value-add property is a great opportunity to redevelop or reposition a building in the desirable O’Hare submarket.

Investment Highlights
  • 34,106 SF office building
  • Recent improvements include new roof and new HVAC system
  • Suites range from 157 to 2,798 SF
  • Current Occupancy: 84.1%
  • Substantially below market rent
  • Ample parking for tenants
  • Close to O’Hare western entrance
  • Near I-90 entrance, Elmhurst Rd., Touhy Rd. and Landmeier Rd.
  • Potential to redevelop as industrial or for commercial use
  • Right to terminate leases on sale
  • Land Area: 2.5 acres (108,374 SF)
  • Zoning: I-2

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
DH
Daniel Hyman
•••.•••.3003
••yman@•••••••••••••.com
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Comparable Properties

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Rental Market Overview

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Elk Grove Village, IL median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
Elk Grove Village, IL (this market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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