3100 Higgins RdHoffman Estates, IL 60169

  • Retail space
  • 2.56 AC
For Lease
$10/SF/YR View listing

Property Details for 3100 Higgins Rd

Year built
1989
Lot size
2.56 AC
Property type
Retail space
APN
06-01-200-026
APU
601200026

Description

This exceptional Hoffman Estates property offers 57,548 square feet of Class B office space across two single-story buildings, built in 1990 and renovated in 2012. Located at 3100 W Higgins Rd (near Greenspoint Pkwy), in Cook County, IL (zip code 60169), this prime location boasts convenient access to I-90 and is just one mile from St. Alexius. The property features a diverse tenant roster, including medical practices and corporate offices, reflecting its suitability for various uses. Suites range from 785 to 3,174 contiguous square feet, with both move-in ready and build-to-suit options available, welcoming medical build-outs. The property's location within a high-image office park offers proximity to hotels and restaurants, enhancing its appeal. This is a rare opportunity to secure office or medical space in a highly desirable location at a competitive price point. The property is ideally suited for medical offices, practitioners, general office users, and corporate headquarters. Multiple tenancy options are available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $29,598,710
    6.5%
    $27,321,886
    7%
    $25,370,322
  • Comparable approach

    Method
    Valuation
    Relative Method
    $28,529,566
    Geo Method
    $36,602,240
  • Alternative Use

    Use
    Valuation
    Residential
    $23,047,032
    Hospitality
    $21,110,958
    Educational
    $17,564,070
    Medical
    $18,168,124
    Retail
    $27,321,886

Location Insight

City
Hoffman Estates
County
Cook
State
Illinois
Latitude
42.0656
Longitude
-88.1524
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
$117,229
$334,512
$103,410
$437,922
-
$1,338,048
$413,640
$1,751,688

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