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    111 E Higgins Rd Elk Grove Village, IL 60007

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    For Lease
    $38 SF/Yr ($8,755 /Mo)

    New mixed-use development, ideal for retail, office, medical office.

    Property size:
    2,765 SF
    Lot size:
    8.45 Acres

    Property Features for 111 E Higgins Rd

    General Information

    Size
    2,765 SF
    Lot size
    8.45 Acres

    Source: Frontline Real Estate Partners, LLC Agent Matthew Tarshis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Commercial Space For Lease

    This commercial space is available for lease within a newly developed mixed-use project. The property is suitable for retail, office, medical office, and other service providers. It benefits from visibility and exposure to approximately 49,000 vehicles per day. Ample parking is available on-site for tenants and customers. The property is well-located in Elk Grove, surrounded by a variety of national and local retailers. The available space is located at the southeast corner of Arlington Heights Road and Higgins Road.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove Village
    County
    Cook
    State
    Illinois
    Longitude
    -87.9855376
    Latitude
    42.0275849

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    FAQs

    What type of property is this?
    Retail space - New mixed-use development, ideal for retail, office, medical office.
    Where is this retail space located?
    The property is located at 111 E Higgins Rd Elk Grove Village, IL.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: - Prime leasing opportunity in a newly developed mixed-use development.; - High visibility and exposure to approximately 49,000 vehicles per day (VPD).; - Versatile commercial space suitable for retail, office, medical office, and other service providers.
    (847) 542-9058
    Request Owner's contact information
    111 E Higgins Rd Elk Grove Village, IL 60007
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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
    111 E Higgins Rd Elk Grove Village, IL 60007
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