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    919 Plum Grove Rd Schaumburg, IL 60173

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    For Sale
    Contact for pricing

    10,590 SF Office Building, 80% Occupied

    Property size:
    10,590 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This single-story, 10,590-square-foot Class B office building, known as Woodfield Lake Office Court IV, is located at 919 N Plum Grove Rd, Schaumburg, IL 60173, within the Chicago MSA. Built in 1985, the property currently boasts 80% occupancy, generating a net operating income (NOI) of approximately $70,279. The building comprises six units, with four currently occupied by a mix of tenants including Personal Growth Associates (3,730 SF), Best Brains (2,501 SF), Wellessence MD (1,265 SF), and IDA Solutions (982 SF). Its prime location offers excellent accessibility, situated just over two miles from I-90 and approximately five miles from the I-90/I-290 interchange. The property benefits from its proximity to numerous dining and shopping options, including the Woodfield Mall, located just over one mile to the east. This presents a compelling investment opportunity in a well-located and partially occupied office building in Chicago's western suburbs. Cook County ownership.

    Property Features for 919 Plum Grove Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,590 SF
    Class
    B

    Building Details

    Year Built
    1985
    Stories
    1

    HighLights

    • 80% occupied with an NOI of approximately $70,279.
    • Located ~2 miles from I‑90 and ~5 miles from the I‑90/I‑290 interchange.
    • Excellent location near Woodfield Mall and numerous dining and shopping options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rhiannon Seward Psychologist Jonathan D. Katz, ... Medical Clinic IDA Solutions Inc. Corporate Office Dr. Christopher A. Sinnappan, ... Psychiatrist Donna Siller Social Worker

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop 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
    -88.0572048
    Latitude
    42.0455214

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    FAQs

    What type of property is this?
    Office Property / Space - 10,590 SF Office Building, 80% Occupied
    Where is this office property / space located?
    The property is located at 919 Plum Grove Rd Schaumburg, IL.
    What are key features of this property?
    This property features: 80% occupied with an NOI of approximately $70,279.; Located ~2 miles from I-90 and ~5 miles from the I-90/I-290 interchange.; Excellent location near Woodfield Mall and numerous dining and shopping options.
    Request Owner's contact information
    919 Plum Grove Rd 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
    919 Plum Grove Rd Schaumburg, IL 60173
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