Two-Building Medical Office
For Sale
Contact for pricing
990-1000 Grand Canyon Pkwy., Hoffman Estates, IL 60169
General and medical office buildings totaling 53,173 square feet sit on 3.12 acres with a 4.41/1,000 parking ratio.
Property Size53,173 SF
Lot Size3.12 Acres
Days on Market144
Property Features for 990-1000 Grand Canyon Pkwy.
General Information
Standard status
Active
Size
53,173 SF
Lot size
3.12 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Chicago Downtown
(224) 619-6808
Listed By:
Brian Parmacek · License #IL 475.132220
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 10:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
990 and 1000 Grand Canyon Parkway offer two multi-story office buildings configured for general and medical office use. The combined buildings total 53,173 square feet and include 3.12 acres of land with parking at a 4.41/1,000 ratio. Current occupancy is 43.80% at 990 Grand Canyon Parkway and 52.14% at 1000 Grand Canyon Parkway.
The property is located in central Hoffman Estates, about 30 miles northwest of Downtown Chicago and 17 miles from O’Hare International Airport. Immediate access is available to Higgins Road, with I-290 access less than three miles away. The area also includes major health systems, including St. Alexius Medical Center of AMITA Health in Hoffman Estates and Northwest Community Hospital in Arlington Heights.
The buildings are occupied by 17 family dental and medical practices, many of which have been tenants for over 20 years. Since 2013, ownership has completed more than $400,000 in capital improvements, including enhancements to common areas and improvements to building operating systems intended to improve operating efficiency.
The property is located in central Hoffman Estates, about 30 miles northwest of Downtown Chicago and 17 miles from O’Hare International Airport. Immediate access is available to Higgins Road, with I-290 access less than three miles away. The area also includes major health systems, including St. Alexius Medical Center of AMITA Health in Hoffman Estates and Northwest Community Hospital in Arlington Heights.
The buildings are occupied by 17 family dental and medical practices, many of which have been tenants for over 20 years. Since 2013, ownership has completed more than $400,000 in capital improvements, including enhancements to common areas and improvements to building operating systems intended to improve operating efficiency.
Key Highlights
- Two‑building general and medical office property at 990 & 1000 Grand Canyon Parkway in Hoffman Estates, IL
- Combined 53,173 SF office space on 3.12 acres with a 4.41/1,000 parking ratio
- Occupancy: 990 Grand Canyon Parkway at 43.80% and 1000 Grand Canyon Parkway at 52.14%
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
Explore this area
Business Placement
Demographics for 60169, IL
34,248
Population
13,114
Households
2.6
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
7.7 sq mi
ZIP Area
4,448
Density / Sq Mi
$92,399
Median Household Income
$48,134
Median Earnings
$1,694
Median Rent
$292,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - General and medical office buildings totaling 53,173 square feet sit on 3.12 acres with a 4.41/1,000 parking ratio.
Where is this office building located?
The property is located at 990-1000 Grand Canyon Pkwy. Hoffman Estates, IL.
What are key features of this property?
This property features: Two‑building general and medical office property at 990 & 1000 Grand Canyon Parkway in Hoffman Estates, IL; Combined 53,173 SF office space on 3.12 acres with a 4.41/1,000 parking ratio; Occupancy: 990 Grand Canyon Parkway at 43.80% and 1000 Grand Canyon Parkway at 52.14%
