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    2385 Hammond Dr Schaumburg, IL 60173

    Sponsored
    For Lease
    $14 SF/Yr ($16,998 /Mo)

    700 SF Office, Prime Location

    Lot size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 700 square foot office space is located in a 14-unit industrial/office condo building at 2385 Hammond Drive, Schaumburg, Illinois. The unit is fully air-conditioned and boasts a prime location, just seconds from I-90 and Route 53, offering easy access to major transportation arteries. Convenient parking is available directly in front of the unit. The interior is well-configured with a reception area, a large open office space ideal for collaborative work, a designated break area for employee relaxation, a private bathroom for added convenience, and a dedicated storage room for efficient organization. The building is zoned for office and industrial use. The total building size is 14,000 square feet, with a minimum divisible space of 700 square feet and a maximum contiguous space of 700 square feet. Currently, 700 square feet are vacant. The property sits on one acre of land. The monthly rent is $1,000. Restaurants and shopping are within walking distance, providing employees with numerous amenities. This space is perfect for a small business seeking a functional and conveniently located office. The property is located in the Schaumburg-Woodfield submarket and has a cross street of Algonquin. The power supply is 100 amps. Property taxes are not specified.

    Property Features for 2385 Hammond Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,000 SF
    Total Rate
    16998.33

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    700 SF
    Rate per SF
    $14

    HighLights

    • 700 SF traditional office space available for lease.
    • Located in a 14‑unit industrial/office condo building.
    • Prime Schaumburg location, seconds from I‑90 and Route 53.
    • On‑site parking.
    • Features reception area, open office, breakroom, private bath, and storage.
    • $1,000/month gross rent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Engineering Power Solutions Electrician Applied Geoscience Inc Construction Company Parth Consultants Inc. Information Services Global Mobility Services Marketing Agency Ideal Car Solutions Used Car Dealer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.05844299482
    Latitude
    42.071226730497

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    FAQs

    What type of property is this?
    Office Property / Space - 700 SF Office, Prime Location
    Where is this office property / space located?
    The property is located at 2385 Hammond Dr Schaumburg, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 700 SF traditional office space available for lease.; Located in a 14-unit industrial/office condo building.; Prime Schaumburg location, seconds from I-90 and Route 53.
    Request Owner's contact information
    2385 Hammond Dr Schaumburg, IL 60173
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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
    2385 Hammond Dr Schaumburg, IL 60173
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