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700 Nicholas Boulevard, Elk Grove Village, IL

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DetailMap
700 Nicholas Boulevard

Elk Grove Village, IL 60007-2599 - Schaumburg Area Submarket

(23.5 KB)

Property Type:Office Sub Type:- Status:Existing Year Built:1972
Stories:4 Typical Floor:10,000 SF Building Size:30,670 SF
Smallest Space:354 SF Largest Space:1,447 SF Total Space Avail:4,443 SF Rent/SF/Yr:
$12.50 - $18.00
Parking:Free Surface spaces are available; Ratio of 4/1,000 SF Amenities:Air Conditioning, Bus Line, Controlled Access, Fitness Center, On Site Management, Property Manager on Site, Security System, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
354 SF
$12.50 - $17.50/SF/Yr
Vacant
Negotiable
Office
 2nd
1,447 SF
$13.50 - $18.00/SF/Yr
Vacant
Negotiable
Office
 4th
652 SF
$13.50 - $18.00/SF/Yr
Vacant
Negotiable
Office
 4th
620 SF
$16.50/SF/Yr
Vacant
Negotiable
Office
 4th
1,370 SF
$15.76/SF/Yr
Vacant
Negotiable
Office
 
10765981
6465885
10546757
10858127
10765991
Floor Plan
  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
354 SF
$12.50 - $17.50/SF/Yr
Vacant
Negotiable
Office
2nd
1,447 SF
$13.50 - $18.00/SF/Yr
Vacant
Negotiable
Office
4th
652 SF
$13.50 - $18.00/SF/Yr
Vacant
Negotiable
Office
4th
620 SF
$16.50/SF/Yr
Vacant
Negotiable
Office
4th
1,370 SF
$15.76/SF/Yr
Vacant
Negotiable
Office
This property is located approximately 2.2 Miles from O'Hare International Airport and less than 1 mile from interstate I-90, with multiple hotels nearby and on-site public transportation.

Major renovations were done in 2009, and property includes such amenities as an on-site fitness center, key-less building entry, outdoor picnic area, and 24 hour security cameras.

Build-outs are available and in addition building has on-site management, available cleaning services, loading dock & overhead doors for shipments, 200 amp electrical service, available on-site storage, as well as tenant controlled thermostats in certain suites.

Located only 22 miles northwest of Chicago's Loop business district, a majority of the building is currently leased with tenants composed of business and professional services with regional, national & international affiliations.





APN#: 08-26-103-008-000

Sale Notes:
Offered for sale is a meticulously-maintained office building in the O'Hare 'Logistics Hub' that is highly-desirable to freight, transport and import/export businesses. At 89% occupancy, building is well-leased to tenants in these industries, as well as the architecture and civil engineering fields. Upon sale, management will vacate its prime corner office (not currently in the rent roll) - which features private restroom and kitchenette, and accounts for nearly 5% of building's total space - offering immediate leasing upside. International Style late Mid-Century construction affords expansive windows and natural daylight exposures. The property is beautifully landscaped with excellent visual presence along the Higgins corridor. Owners have taken remarkable care of the building; there is no deferred maintenance, and rooftop and all mechanical systems are in excellent condition.

Amenities include lower-level loading bay, elevator access to all floors, vending machines, common kitchen, fitness room, outdoor dining patio, and top-floor executive conference room. Additional upside may be realized through converting some common areas or top-floor conference room into rentable space.


Lissner's Property Management Co
Ben Lissner
(847) 593-3195



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