Property profile

1000 Higgins Rd 30 Elk Grove Village, IL 60007

OFF-MARKET
Retail space
Property ID
US28-0813424
1.62 ac lot Built 1973
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 1000-1030 East Higgins Road in Elk Grove Village, Illinois, offers two immediately available spaces. Situated on a 1.62-acre lot, the two-story building totals 15,562 square feet and was constructed in 1970. Currently, 2,468 square feet of retail space is vacant, offering a fantastic opportunity for businesses seeking high-visibility locations. Units are available in sizes ranging from a minimum of 1,095 square feet to a maximum contiguous space of 1,373 square feet. Unit 1006, measuring 1,095 square feet, is available for $2,700 per month, while Unit 1012, at 1,373 square feet, is offered at $3,100 per month. Both units are available on modified gross lease terms. The property benefits from a highly desirable C zoning classification and is conveniently located adjacent to the new Elk Grove Technology Park, ensuring high foot traffic and excellent exposure. Annual property taxes are $7.35 per square foot. This property presents a unique opportunity for businesses seeking a well-located, versatile retail space in a thriving area. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1973
Lot 1.62 ac (70,567 SF)
APN 08-22-301-029
UPID US28-0813424

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Restaurant

Location

1000 Higgins Rd, Unit 30 Elk Grove Village, IL 60007-1506
Elk Grove Village metro Census 770400 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$745k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$740k

Owner & transaction history

since 2023
Last sale
$785,000
7 recorded transactions
2023
Price N/A
2017
Price N/A
2017
Price N/A
2016
Price N/A
2011
Price N/A
1998
$785,000
1998
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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