1500 Mcconnor PkwySchaumburg, IL 60173

Property Details for 1500 Mcconnor Pkwy

Year built

1999

Lot size

10.26 AC

Property type

Office buildings

APN

07-12-400-052

APU

712400052

Description

This Class A, seven-story office building in Schaumburg, IL, offers 196,401 square feet of flexible space, perfect for various business needs. The property, built in 1999 and renovated in 2018, features 8 suites ranging from 250 to 141,463 contiguous square feet, with 98,378 square feet currently vacant. Amenities include 907 parking spaces, high-speed internet access (4000 amp and 2000 amp power), elevators, and a 9-foot ceiling height. Located at 1500 McConnor Pkwy, Schaumburg, IL 60173 (APN: 07-12-400-053-0000), this property boasts convenient access to I-90/I-290 and is near numerous retail and restaurant options. The building offers a variety of spaces, including traditional offices, executive suites, coworking areas, and medical offices, catering to diverse business types. On-site amenities include a private gym with locker rooms and showers, lounge areas, a cafe, a courtyard, presentation rooms, training rooms with A/V equipment, and multiple conference rooms. The building's location in the thriving Schaumburg submarket, close to O'Hare International Airport and the Chicago Loop, provides excellent accessibility and visibility. This property is ideal for businesses seeking a modern, well-equipped, and conveniently located office space in a dynamic business environment.

• CAP approach

  CAP return

  Valuation

  6%

  $80,697,792

  6.5%

  $74,490,272

  7%

  $69,169,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $45,373,352

  Geo Method

  $58,212,112

• Alternative Use

  Use

  Valuation

  Residential

  $92,367,936

  Hospitality

  $84,608,536

  Educational

  $70,393,304

  Medical

  $72,814,240

  Retail

  $109,500,696

Location Insight

City

Schaumburg

County

Cook

State

Illinois

Latitude

42.058

Longitude

-88.0433

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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