Property profile

1201 Higgins Rd Elk Grove Village, IL 60007

OFF-MARKET
Retail space
Property ID
US28-5672188
0.82 ac lot Built 1985
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a retail space located in Elk Grove Village, situated within a commercial area surrounded by local businesses, including Kurumaya Japanese Kitchen, Las Islas Mexicanas, and a staffing company. The unit is positioned for customer visibility and is associated with on-site parking for both customers and staff. The site is near expressways, providing convenient roadway access for patrons from surrounding areas, and the configuration is suitable for a range of retail and service uses such as fashion, food, and other customer-oriented services.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Lot 0.82 ac (35,579 SF)
APN 08-22-402-084
UPID US28-5672188

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
  • Restaurant

Location

1201 Higgins Rd Elk Grove Village, IL 60007-1600
Elk Grove Village metro Census 770400 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2017
Price N/A
2005
Price N/A
2003
$1.6M

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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