2508 Higgins Rd Hoffman Estates, IL 60169
- Retail space
- 1.15 lot acres
Current Use by Public Records
- Retail space
Property Details for 2508 Higgins Rd
- Year built
- 1994
- Lot size
- 1.15 lot acres
- Property type
- Retail space
- APN
- 07-07-100-026
- APU
- 707100026
Description
This exceptional investment opportunity presents a single-tenant, free-standing Steak 'n Shake restaurant located at 2508 W Higgins Rd, Hoffman Estates, IL 60169, within Cook County. Built in 1997, this 3,750 square foot building sits on a 49,969 square foot lot and boasts 50 parking spaces, catering to the high volume of traffic at this prime intersection in Chicago's northwest suburbs. The property is zoned B-2 (Community Business District) and features a drive-thru. The current tenant, Steak 'n Shake, has occupied the premises since 1998, providing a strong history of consistent occupancy under a triple-net (NNN) lease. The property generates a substantial net operating income (NOI) of $125,337, making it an attractive investment with a strong return potential. The asking price is $2,100,000. This is a single-story building offering a stable, long-term investment opportunity in a high-demand location. The lease is renewable, ensuring continued income stream. This is a rare chance to acquire a well-established, profitable QSR property in a thriving suburban market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $260,000
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Location Insight
- Map
- Local Demand
- City
- Hoffman Estates
- County
- Cook
- State
- Illinois
- Longitude
- -88.1438
- Latitude
- 42.0585
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
