Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1000 E Higgins Rd Elk Grove Village, IL 60007

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,700 /Mo ($23 SF/Yr)

    Retail units available in Elk Grove Village with high visibility.

    Property size:
    1,373 SF
    Lot size:
    3.11 Acres

    Property Features for 1000 E Higgins Rd

    General Information

    Size
    1,373 SF
    Lot size
    3.11 Acres

    We can help!

    Listing Contact
    Brad Belden
    Brad Belden
    Source: Moodyscre

    Listing Agent: Brad Belden

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

    Learn more

    Property Insight Report

    Overview

    Retail Spaces on Higgins Road

    Two retail spaces are available for lease at 1000-1030 East Higgins Road, adjacent to the Elk Grove Technology Park. Unit 1006 offers 1,095 square feet at $2,700 per month, while Unit 1012 provides 1,373 square feet at $3,100 per month; both are on modified gross terms. The location offers excellent visibility on Higgins Road, with high traffic counts of 30,200 vehicles per day. A two-story pylon sign provides maximum exposure. The property is strategically situated between Arlington Heights Road and Route 83, with convenient access to I-90 and I-294. This location is an ideal leasing opportunity for businesses seeking visibility and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm Avenue BG Bulgarian Restaurant

    Suggested Use

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

    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
    -87.9725221
    Latitude
    42.0272731

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Elk Grove

      1,850 SF retail/office space in high-traffic Elk Grove Village.
      1116 W Devon Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Updated office suite in Elk Grove Village's commercial corridor.
      1080 Nerge Rd, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Elk Grove Village Flex Space

      Meticulously maintained flex space ideal for industrial and office operations.
      1425 Louis Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      33,000 SF

      Elk Grove Industrial Leasing Opportunity

      33,000 SF industrial space with modern facilities and customization potential.
      1370 Lively Blvd, Elk Grove Village, IL 60007
      View Details
    • $192 SF/Yr
      1,850 SF

      Elk Grove Village Office Space

      1850 sq ft Office, Prime Location
      1116 Devon Ave, Elk Grove Village, IL 60007
      View Details
    • $19 SF/Yr

      BMO Elk Grove Office Space

      Premium, fully furnished office spaces in a dynamic tech hub.
      450 Higgins Rd, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      230,766 SF

      Freestanding Facility Near O'Hare Airport

      230,766 SF facility with heavy power and rail potential.
      2400 Arthur Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      124,411 SF

      Elk Grove Village Warehouse Space

      124,411 SF warehouse space ideal for manufacturing/distribution/assembly.
      150 NW Point Blvd, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      42,725 SF

      O'Hare Industrial Warehouse Space

      Elk Grove Village, IL: Multiple warehouse spaces available.
      870-898 Cambridge Dr Elk Grv Vlg, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      91,937 SF

      Elk Grove Village Warehouse For Lease

      91,937 SF Industrial Space - Excellent Location
      1400 Morse Ave, Elk Grove Village, IL 60007
      View Details
    • $12 SF/Yr
      45,000 SF

      Elk Grove Village Warehouse Space

      Flexible Warehouse Space, DuPage County
      1201 Mark St, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      25,245 SF

      Elk Grove Village Warehouse Space

      25,245 SF warehouse with excellent loading near I-90.
      189 Seegers Ave, Elk Grove Village, IL 60007
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail units available in Elk Grove Village with high visibility.
    Where is this retail space located?
    The property is located at 1000 E Higgins Rd Elk Grove Village, IL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Prime location with excellent visibility on Higgins Road.; - Adjacent to the new Elk Grove Technology Park.; - High traffic counts of 30,200 vehicles per day.
    (847) 698-8232
    Request Owner's contact information
    1000 E Higgins Rd Elk Grove Village, IL 60007
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1000 E Higgins Rd
    Elk Grove Village, IL 60007
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1000 E Higgins Rd Elk Grove Village, IL 60007
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brad Belden
    Brad Belden
    Real Estate License ID: 471.018723
    (847) 698-8232
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.