Hanover Park Professional Building
Office | 13.66% CAP | 28,962 SqFt
Marketing description
1300 Greenbrook Blvd. is a three-story, Class B office building totaling 28,962 rentable square feet on a 1.91-acre site in Hanover Park (DuPage County), Illinois. Recently upgraded with base-building improvements, the property offers a strong foundation for investors or owner-users seeking immediate value-add potential at a fraction of replacement cost.
Strategically located less than five minutes from the I-390/I-290 interchange (Elgin-O’Hare Western Access Project), the building provides direct, congestion-free connectivity to O’Hare International Airport, I-355, and the I-90 corridor. Its corner positioning at Lake Street and Greenbrook Boulevard ensures excellent visibility and signage opportunities.
The property’s adaptable floor plans, ample parking ratio (3.57/1,000 SF), and solid infrastructure make it well-suited for professional services, healthcare, and hybrid office users. With proximity to Schaumburg, Elk Grove Village, and Woodfield Mall, tenants benefit from access to one of Chicagoland’s most dynamic suburban business corridors.
Investment highlights
Exceptional Pricing: Offered well below replacement cost (~$300/SF).
Value-Add Opportunity: Vacant suites provide immediate lease-up potential with minimal structural investment required.
Strategic Location: Less than one mile from IL-390 with quick access to I-290, I-355, and O’Hare International Airport (~20 minutes).
Visible Corner Positioning: Prominent frontage on Lake Street and Greenbrook Boulevard with strong signage potential.
Recent Upgrades: Renovations in 1993 and 2019, plus recent building system enhancements reduce upfront risk.
Solid Suburban Fundamentals: Hanover Park is part of the resilient West Cook/DuPage office submarket, supported by steady population growth and significant infrastructure investment.
Diverse Tenant Demand Drivers: Appealing to medical, professional services, and hybrid office users seeking suburban accessibility and affordable occupancy costs.
Ample Parking: 3.57 spaces per 1,000 SF—well above typical suburban office ratios.
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