Listed by Daniel Hymanof Millennium Properties RE, Inc.
Bought with Daniel Hyman of Millennium Properties RE, Inc.

Est. payment -/mo

Est.Price: ?

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2300 E HIGGINS Road Elk Grove Village, IL 60007

34,106 SqFt

Key Details

Sold Price -

Property Type Commercial

Sub Type Office/Tech

Listing Status Sold

Purchase Type For Sale

Square Footage 34,106 sqft

MLS Listing ID 10557664

Sold Date -

Year Built 1970

Annual Tax Amount $73,603

Tax Year 2017

Lot Size 2.500 Acres

Lot Dimensions 108374

Property Sub-Type Office/Tech

Property Description

Near Landmeier and Higgins, this 34,106 square foot multi-tenant office building is priced below replacement cost. The three story office building is currently 84% occupied, with available suites ranging from 535 to 1,449 square feet; many of the tenants are long-term occupants. Many of the tenants are on substantially below market rents. Several of the tenants are third-party logistics companies, drawn to this property for its proximity to their distribution centers. The office is on a 2.5 acre site, providing ample parking for tenants as well as ample room for redevelopment. The site can potentially be redeveloped for industrial or commercial use. This value-add property is a great opportunity to redevelop or reposition a building in the desirable O'Hare submarket.