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Office

Woodfield Grove Office Center

830-890 E Higgins Rd, Schaumburg, IL 60173

Listing Price: $4,500,000

Cap Rate
10.20%
Rentable SF
61,196
Lot Size
5.50 acres
Year Built
1976

Investment Overview

Marcus & Millichap is pleased to present Woodfield Grove Business Center, a 63,345-square-foot, well-maintained, single-story office complex located at 830–890 East Higgins Road in Schaumburg, Illinois. The property was constructed in 1976 and recently remodeled in 2015. It is composed of four buildings varying in size, situated on a five-and-a-half acre lot. The property offers 240 parking spaces, lush landscaping, and an attractive location. Notable establishments within a one-mile radius include Woodfield Mall, Lifetime Fitness, and Bank of America, demonstrating the high value of this retail area.

Investment Highlights

  • Four Single-Story Office Buildings on 5.5 Acre Site Constructed in 1976 and Renovated in 2015
  • Woodfield Grove Business Center is Currently 88 Percent Occupied with a Diverse Roster of over 100 Tenants
  • Surrounded By Dense Retail and Office Development Supporting Strong Long-Term Demand and Eventual Redevelopment in this Highly-Sought-After Retail Demographic
  • Ideally Positioned Along East Higgins Road in a Prime Commercial Corridor

Exclusively Listed By

  • John Abuja, CCIM

    Senior Managing Director Investments

    (312) 327-5412

    Email John

    License(s): IL: 471.007675

    Chicago Downtown

Office

Woodfield Grove Office Center

Listing Price: $4,500,000

Cap Rate
10.20%
Rentable SF
61,196
Lot Size
5.50 acres
Year Built
1976

Investment Highlights

  • Four Single-Story Office Buildings on 5.5 Acre Site Constructed in 1976 and Renovated in 2015
  • Woodfield Grove Business Center is Currently 88 Percent Occupied with a Diverse Roster of over 100 Tenants
  • Surrounded By Dense Retail and Office Development Supporting Strong Long-Term Demand and Eventual Redevelopment in this Highly-Sought-After Retail Demographic
  • Ideally Positioned Along East Higgins Road in a Prime Commercial Corridor

Investment Overview

Marcus & Millichap is pleased to present Woodfield Grove Business Center, a 63,345-square-foot, well-maintained, single-story office complex located at 830–890 East Higgins Road in Schaumburg, Illinois. The property was constructed in 1976 and recently remodeled in 2015. It is composed of four buildings varying in size, situated on a five-and-a-half acre lot. The property offers 240 parking spaces, lush landscaping, and an attractive location. Notable establishments within a one-mile radius include Woodfield Mall, Lifetime Fitness, and Bank of America, demonstrating the high value of this retail area.

Exclusively Listed By

  • John Abuja, CCIM

    Senior Managing Director Investments

    (312) 327-5412

    Email John

    License(s): IL: 471.007675

    Chicago Downtown

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