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    10400 Higgins Rd Rosemont, IL 60018

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    For Lease
    Contact for pricing

    Rosemont, IL Office Building - Prime Location

    Lot size:
    106,175 SF

    Property Features for 10400 Higgins Rd

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    106,175 SF
    Class
    B
    Total Rate
    185806.25

    Building Details

    Year Built/Renovated
    1972/1992
    Stories
    7

    Spaces For Lease

    at 10400 Higgins Rd, Rosemont, IL 60018 Contact us
    Unit Suite 103

    $21 /Mo

    Size
    1,353 SF
    Contact us
    Unit Suite 200

    $21 /Mo

    Size
    4,869 SF
    Contact us
    Unit Suite 205

    $21 /Mo

    Size
    1,573 SF
    Contact us
    Unit Suite 206

    $21 /Mo

    Size
    1,438 SF
    Contact us
    Unit Suite 230

    $21 /Mo

    Size
    1,385 SF
    Contact us
    Unit Suite 303A

    $21 /Mo

    Size
    1,539 SF
    Contact us
    Unit Suite 401

    $21 /Mo

    Size
    1,397 SF
    Contact us
    Unit 6th Floor

    $21 /Mo

    Size
    15,389 SF
    Contact us
    Unit Suite 700A

    $21 /Mo

    Size
    4,066 SF
    Contact us
    Unit Suite 701

    $21 /Mo

    Size
    10,192 SF
    Contact us
    Unit Suite 704

    $21 /Mo

    Size
    3,424 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Ryan Moen
    Ryan Moen

    Listing Agency: Versa Real Estate Services Listing Agent: Ryan Moen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    O'Hare Corporate Towers, a seven-story Class B office building, offers 106,175 square feet of traditional office space in a prime Rosemont, Illinois location. Built in 1972 and renovated in 1992, this multi-tenant property is situated at 10400 W Higgins Rd, zip code 60018, in Cook County. Its convenient location provides easy access to major transportation arteries, including O'Hare International Airport, Mannheim Road, I-90, and I-294, ensuring seamless commutes for employees and clients. The surrounding area boasts a variety of dining and shopping options, offering employees and visitors a wealth of amenities within close proximity. This well-maintained building presents a compelling opportunity for businesses seeking a strategic location and functional workspace in a vibrant commercial hub. The property's multiple tenancy structure provides flexibility for businesses of various sizes. This established building offers a blend of classic architecture and modern convenience, making it an attractive option for companies seeking a well-connected and accessible office space in the heart of Rosemont. The building's substantial square footage allows for a wide range of potential configurations to suit diverse business needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    Rosemont
    County
    Cook
    State
    Illinois
    Longitude
    -87.8872635
    Latitude
    41.9992528

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      Office Space Near O'Hare Airport

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      Class A Office Property

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      Rosemont Office Space for Lease

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      Rosemont Industrial Space Available

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      Office Space in Rosemont

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    FAQs

    What type of property is this?
    Office property - Rosemont, IL Office Building - Prime Location
    Where is this office property located?
    The property is located at 10400 Higgins Rd Rosemont, IL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Ample Covered Parking Available; On-site Conference Room; Modern Tenant Lounge
    (630) 480-6346 Call to check price and availability
    Request Owner's contact information
    10400 Higgins Rd Rosemont, IL 60018
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    Rosemont, IL 60018
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    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
    10400 Higgins Rd Rosemont, IL 60018
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Moen
    Ryan Moen
    Real Estate License ID: 471011256
    (630) 480-6346 (630) 294-0062 (630) 480-6413
    Learn more
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