2508 W Higgins RD Hoffman Estates, IL 60169

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 3,750 sqft

Price per Sqft $479

MLS Listing ID 12360330

Year Built 1997

Annual Tax Amount $93,502

Tax Year 2023

Lot Dimensions 270X400

Property Sub-Type Retail/Stores

Property Description

PROPERTY HIGHLIGHTS * NNN Lease * NOI * National Tenant * 44K SF Lot * Drive-Thru * 5K SF Building * Parking for 50+ * High-traffic National tenant (Steak 'n Shake) in place since 1998 offers great stability in a high-traffic intersection of Chicago's northwest suburbs. LAND AND BUILDING FOR SALE. Lease with a long-term tenant in place with no reason to think they won't continue. Lease renewal every 5 years - next renewal July 2026 Tenant has been in place since property was built in 1999 In 2036 Terms can be renegotiated Income: $10,477.79 Per Month - Annual Income $125,733.48 True NNN lease - even when expenses go up the NNN covers everything.

Location

State IL

County Cook

Area Hoffman Estates

Zoning COMMR

Interior

Cooling Central Air

Flooring Tile

Fireplace N

Building

Dwelling Type Retail/Stores

Level or Stories 1

Listed by Izetta Carroll • Berkshire Hathaway HomeServices Chicago

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106