New Construction Bank
1297 E Higgins Rd, Schaumburg, IL 60173
For Sale
Contact for pricing
The absolute NNN ground lease includes scheduled rent increases and three renewal options.
Property SizeContact for details
Days on Market43
Property Features for 1297 E Higgins Rd
General Information
Standard status
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Corner Location
Building Details
Tenancy
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Mohsin Mirza · License IL 475.189943
(312) 228-2867
Source:
Crexi
Added: Sep 30
Changed: Nov 10
Last Checked: Nov 10 at 7:32AM
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 JLL Chicago | Americas Headquarters
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Investment Insights
Based on property information with market context.
Completed as new construction, this single-tenant bank property is occupied by U.S. Bank at 1297 E. Higgins Road in Schaumburg. The lease is structured as an absolute NNN ground lease, with approximately 9.3 years remaining in its primary term. Rent increases by 7.5% every five years, and the tenant holds three additional five-year renewal options.
The property sits at a hard-corner intersection in the Woodfield Shopping District, identified as one of the Midwest’s leading retail corridors.
The property sits at a hard-corner intersection in the Woodfield Shopping District, identified as one of the Midwest’s leading retail corridors.
Key Highlights
- Newly constructed, single‑tenant U.S. Bank property
- Absolute NNN ground lease with approximately 9.3 years remaining in the primary term
- 7.5% rent increases every five years
Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,618
Businesses Nearby
453k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Dining 30%
Shops & Services 14%
Apparel 14%
Target
Superstores
163,764 visits/mo
0.2 miles
Kohl's
Apparel
63,306 visits/mo
0.0 miles
Raising Cane's Chicken Fingers
Dining
58,289 visits/mo
0.2 miles
Shell
Shops & Services
28,834 visits/mo
0.4 miles
Dollar Tree
Shops & Services
18,284 visits/mo
0.1 miles
Demographics for 60173, IL
13,764
Population
6,901
Households
2
Avg Household Size
35
Median Age
67%
College-Educated
97%
High-School Grad
6.4 sq mi
ZIP Area
2,151
Density / Sq Mi
$99,975
Median Household Income
$68,305
Median Earnings
$1,786
Median Rent
$311,200
Median Home Value
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Market
Properties on Market for Banks in Cook County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - The absolute NNN ground lease includes scheduled rent increases and three renewal options.
Where is this bank located?
The property is located at 1297 E Higgins Rd Schaumburg, IL.
What is the asking price?
The asking price for this property is $4,290,000.
What are key features of this property?
This property features: Newly constructed, single‑tenant U.S. Bank property; Absolute NNN ground lease with approximately 9.3 years remaining in the primary term; 7.5% rent increases every five years
