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    120 West Higgins Road Hoffman Estates, IL 60195 Hoffman Estates, IL 60195

    Sponsored
    For Lease
    Contact for pricing

    0.41-Acre Commercial Land Opportunity

    Lot size:
    17,859 SF

    Description

    Added:
    Jan 10, 2025
    Days on Market:
    363
    This exceptional 0.41-acre land parcel presents a unique investment opportunity in the thriving Hoffman Estates, IL market. Located at 120 West Higgins Road, 60195, this property is ideally suited for a variety of commercial or industrial developments. The site's strategic location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a high-traffic area. The property is classified as commercial, industrial, and other land, providing flexibility for diverse development plans. While specific lease terms and rates are available upon request, the sheer size and location of this parcel make it a compelling investment. The absence of existing structures allows for complete design freedom and customization to meet specific business needs. Interested parties are encouraged to inquire for detailed information regarding lease options and development possibilities. This is a rare chance to acquire a significant land holding in a highly desirable location within Hoffman Estates, a community known for its strong economy and robust infrastructure. The property's zoning and potential uses should be verified independently.

    Property Features for 120 West Higgins Road Hoffman Estates, IL 60195

    General Information

    Property type
    Commercial land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,859 SF
    Elevators
    N/A

    HighLights

    • Prime 0.41‑acre land parcel in Hoffman Estates, IL.
    • Excellent location on West Higgins Road.
    • Ideal for commercial or industrial development opportunities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hoffman Estates
    State
    Illinois
    Longitude
    -117.869168
    Latitude
    34.106664

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    FAQs

    What type of property is this?
    Commercial land - 0.41-Acre Commercial Land Opportunity
    Where is this commercial land located?
    The property is located at 120 West Higgins Road Hoffman Estates, IL 60195 Hoffman Estates, IL.
    What are key features of this property?
    This property features: Prime 0.41-acre land parcel in Hoffman Estates, IL.; Excellent location on West Higgins Road.; Ideal for commercial or industrial development opportunities.
    (773) 355-3040
    Request Owner's contact information
    120 West Higgins Road Hoffman Estates, IL 60195 Hoffman Estates, IL 60195
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 West Higgins Road Hoffman Estates, IL 60195 Hoffman Estates, IL 60195
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