1. Illinois
  2. Hoffman Estates
  3. 2508 W Higgins Road
$1,799,000

2508 W Higgins Road, Hoffman Estates, IL 60169

  • 3,750 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1997
  • Property Lot Size Icon1.15acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $480/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Listing Office:
Berkshire Hathaway HomeServices Chicago : 847-910-1806
Listing Agent:
Izetta Carroll : 847-910-1806
MLS ID:
12360330
  • Flooring: Tile
  • A/C: Central Air

This listing courtesy of Izetta Carroll, Berkshire Hathaway HomeServices Chicago

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

H

Hoffman Estates High School

1100 W Higgins Rd, Hoffman Estates, IL, 60169

Grades 9-12

1.87 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.