945 Plum Grove RdSchaumburg, IL 60173

Property Details for 945 Plum Grove Rd

Year built

1978

Lot size

12.84 AC

Property type

Office properties

APN

07-14-200-051-1009

APU

7142000511009

Description

This single-story, Class B office building in Schaumburg, Illinois, presents a compelling investment opportunity. Located at 945 N Plum Grove Rd, 60173, this 10,590 square foot property is priced at $895,000, or $84.51 per square foot. The building features a blend of open and closed ceiling spaces, providing flexibility for various office configurations. The layout includes 20 private offices, perfect for individual work or small teams, along with two conference rooms for meetings and collaborations. A large training room is also available, ideal for presentations or employee development sessions. A convenient kitchen/break area adds to the functionality of the space. Ample parking is directly available outside the building, ensuring easy access for employees and clients. The property is currently vacant and ready for immediate occupancy upon sale, allowing for customization to suit the new owner's specific needs. This location in Cook County offers excellent access to major transportation routes and amenities, making it an attractive option for businesses seeking a well-equipped and conveniently located office space. The property's single-story design offers efficient use of space and easy navigation.

• CAP approach

  CAP return

  Valuation

  6%

  $100,990,056

  6.5%

  $93,221,592

  7%

  $86,562,912

• Comparable approach

  Method

  Valuation

  Relative Method

  $56,782,932

  Geo Method

  $72,850,128

• Alternative Use

  Use

  Valuation

  Residential

  $115,594,776

  Hospitality

  $105,884,192

  Educational

  $88,094,408

  Medical

  $91,124,104

  Retail

  $137,035,744

Location Insight

City

Schaumburg

County

Cook

State

Illinois

Latitude

42.0461

Longitude

-88.0574

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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