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    1301 Basswood Rd Schaumburg, IL 60173

    • Office buildings
    • 54,400 SF
    • 2.10 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Jan 31, 2022
    $1,145,000
    Location Intelligence
    Property ID
    US28-0028454
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gerard Gregory / Attorney
    • ACS Recovery Services, Inc. / Insurance Agency

    Property Details for 1301 Basswood Rd

    Year built
    1986
    Lot size
    2.10 lot acres
    Property size
    54,400 SF
    Property type
    Office buildings
    APN
    07-11-301-002
    APU
    711301002

    Description

    Basswood Executive Plaza, located at 1301 Basswood Rd, Schaumburg, IL 60173 (cross streets: Golf Rd & Basswood Dr), offers a unique opportunity for businesses seeking flexible and modern office space in Cook County. This four-story, 55,331 square foot building, constructed in 1980, is undergoing a complete refurbishment to achieve Class A status. Currently, there are multiple spaces available, ranging from a minimum of 13,314 square feet to a maximum contiguous space of 13,821 square feet. A total of 54,494 square feet is currently vacant, providing ample opportunity for a variety of tenants. The building's versatile design caters to diverse business needs, accommodating traditional office layouts, executive suites, coworking spaces, medical offices, and creative office environments. Its convenient location makes it ideal for a range of professional businesses, including medical practices, corporate offices, IT hubs, and legal firms. This property presents a rare chance to secure high-quality office space in a prime Schaumburg location, with the added benefit of upcoming renovations to enhance its already attractive features.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,100,000
      6.5%
      $1,165,000
      7%
      $995,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,240,000
      Geo Method
      $1,120,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,020,000
      Retail
      $905,000
      Mixed-Use
      $930,000
      Hospitality
      $1,090,000
      Educational
      $1,020,000
      Residential Income
      $900,000
      Energy
      $1,230,000
      Income-Based Land
      $930,000
      Food Service
      $1,080,000

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0643
    Latitude
    42.0539
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $77,757
    $228,992
    $57,258
    $286,250
    -
    $915,968
    $229,032
    $1,145,000

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      OFFICE BUILDING (MULTI-STORY) • 0.37 Acres
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    Similar Nearby for Lease

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    1301 Basswood 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
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