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Property profile & analytics

1140 Higgins Rd Schaumburg, IL 60173-4709

  • Retail space
  • 1.39 lot acres
OFF-MARKET
Last Sale
Jun 08, 2025
$3,037,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-5764506
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

  • The Local Kitchen & Tap / Restaurant
  • adb / Warehouse

Property Details for 1140 Higgins Rd

Year built
2003
Lot size
1.39 lot acres
Property type
Retail space
APN
07-14-401-015
APU
714401015

Description

This fully-built restaurant space presents a unique opportunity for food service businesses seeking a high-traffic location within the bustling Woodfield Mall trade area in Schaumburg, Illinois. Situated at 1140 E Higgins Rd, zip code 60173, Cook County, this retail property offers immediate occupancy for a restaurant operator. The property benefits from its proximity to established and successful restaurants such as Wildfire (Lettuce Entertain You) and Benihana, indicating a strong concentration of dining establishments and high consumer foot traffic. The address is conveniently located within the vibrant Woodfield Mall area, ensuring excellent visibility and accessibility for potential customers. This turnkey restaurant space eliminates the need for extensive build-out, allowing for a quicker start-up and reduced initial investment. The property is categorized as a retail space with a restaurant subtype, making it ideally suited for a variety of culinary concepts. The precise square footage and lease terms are available upon request. This prime location in Schaumburg, Illinois offers exceptional potential for a thriving restaurant business. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is located at 42.040419323699766 latitude and -88.05173857681753 longitude.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Schaumburg
County
Cook
State
Illinois
Longitude
-88.0513
Latitude
42.0406
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
$74,488
$212,516
$61,699
$274,215
-
$850,064
$246,796
$1,096,860
More about this property
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