Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Schaumburg Office Complex For Sale Title is generated by Realmo AI

    830-890 E Higgins Rd, Schaumburg, IL 60173

    View on Map
    Claim this Listing
    For Sale
    $4,500,000

    Well-maintained 63,345 SF office complex in Schaumburg, Illinois.

    Type:Office
    Property size:
    61,196 SF
    Lot size:
    5.50 Acres
    Price / SF:
    $73/SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 4:55 am

    Property Features for 830-890 E Higgins Rd

    General Information

    Standard status
    Active
    Size
    61,196 SF
    Lot size
    5.50 Acres
    Property subtype
    Office

    Building Details

    Year Built
    1976

    We can help!

    Listing Contact
    John Abuja, CCIM

    Listing agent John Abuja, CCIM License #IL: 471.007675

    Listing office Chicago Downtown Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Chicago Downtown Office

    HighLights

    • Well‑maintained, single‑story office complex totaling 63,345 square feet.
    • Attractive location in Schaumburg, Illinois near Woodfield Mall, Lifetime Fitness, and Bank of America.
    • Recently remodeled in 2015.
    • Situated on a 5.5‑acre lot with lush landscaping.
    • Offers 240 parking spaces.
    • Composed of four buildings.

    Overview

    The Woodfield Grove Business Center is a 63,345-square-foot, single-story office complex located at 830–890 East Higgins Road in Schaumburg, Illinois. Constructed in 1976 and recently remodeled in 2015, the property consists of four buildings of varying sizes, situated on a 5.5-acre lot. The property provides 240 parking spaces and landscaping. The location is near Woodfield Mall, Lifetime Fitness, and Bank of America.
    Location Intelligence

    Current Use by Public Records

    Woodfield Grove Business ... Business Service Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0584334
    Latitude
    42.0416498

    Nearby Similar for Sale

    • $1,950,000

      Schaumburg Commercial Property For Sale

      Established car care center with investment potential in Schaumburg, IL.
      1801 W Wise Road, Schaumburg, IL 60193
      View Details
    • $679,900
      2,600 SF

      Schaumburg Office Suite For Sale

      2,600 SF office suite in Courtyards of Woodfield, Schaumburg.
      800 E Woodfield Road, Suite 115 & 116 | Schaumburg, IL 60173
      View Details
    • $250,000

      Restaurant Property for Sale

      Restaurant-focused commercial offering in Schaumburg, suited for operators seeking a conventional dining concept location.
      243 W GOLF Road, Schaumburg, IL 60195
      View Details
    • $895,000
      2,915 SF

      Restaurant on Corner Lot For Sale

      Restaurant on a corner lot with high traffic and visibility.
      1820 W Irving Park Road, Schaumburg, IL 60193
      View Details
    • $159,900

      Schaumburg Commercial Property For Sale

      Commercial property available for purchase in Schaumburg, Illinois.
      5 Woodfield Mall, Schaumburg, IL 60173
      View Details
    • $675,000
      5,995 SF

      Schaumburg Industrial/Warehouse Space For Sale

      5,995 SF industrial/warehouse space with office and executive lounge.
      935 Lunt Ave, Schaumburg, IL
      View Details
    • $22
      186,545 SF

      Class A Office Building

      Seven-story office building with heated parking and modern amenities.
      1375 East Woodfield Road, Schaumburg, IL 60173-6068
      View Details
    • $45,000

      Turn-Key Boutique Studio in Schaumburg

      High-end permanent makeup and tattoo studio in Scharrington Square.
      2509 W Schaumburg Road, Schaumburg, IL 60193
      View Details
    • $1,999,999
      15,000 SF

      Schaumburg Freestanding Industrial Building

      15,000 SF freestanding building with office space and parking.
      801 Albion Ave, Schaumburg, IL
      View Details
    • $1,290,000
      5,700 SF

      Schaumburg Industrial Building with Parking

      Versatile property with warehouse, office, and large parking lot.
      515 LUNT Avenue, Schaumburg, IL 60193
      View Details
    • $17
      240,880 SF

      Furnished Office Sublease in Schaumburg

      Furnished office space available for sublease, close to Woodfield Mall.
      1100 East Woodfield Road, Schaumburg, IL 60173
      View Details
    • $6,995,000
      20,840 SF

      Schaumburg Business Park Flex Space

      Flex space in Schaumburg Business Park with signage opportunity.
      1 Commerce Drive, Schaumburg, IL
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained 63,345 SF office complex in Schaumburg, Illinois.
    Where is this office building located?
    The property is located at 830-890 E Higgins Rd Schaumburg, IL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Well‑maintained, single‑story office complex totaling 63,345 square feet.; Attractive location in Schaumburg, Illinois near Woodfield Mall, Lifetime Fitness, and Bank of America.; Recently remodeled in 2015.
    (312) 327-5412
    We can help!
    Listing Contact
    John Abuja, CCIM
    Real Estate License ID: IL: 471.007675
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    830-890 E Higgins Rd, Schaumburg, IL 60173
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!