$1,160,000
$1,290,000
10.1%For more information regarding the value of a property, please contact us for a free consultation.
30,300 SqFt
SOLD DATE : 09/01/2021
Key Details
Sold Price $1,160,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 30,300 sqft
Price per Sqft $38
MLS Listing ID 10829637
Sold Date 09/01/21
Year Built 1990
Annual Tax Amount $184,887
Tax Year 2019
Lot Size 2.770 Acres
Lot Dimensions 198X248X109X300X375X79X92X147
Property Sub-Type Office/Tech
Property Description
Located with the Schaumburg Area Office Submarket, Governors Square Office Park offers an excellent "Value-Add" opportunity. Consisting of (3) one-story freestanding buildings with 12 office suites in each building, this 36-Unit property is ideally located between W. Higgins Rd., Barrington Rd. and the Jane Adams, I-90 Toll Road. Current Tenants uses include Medical, Dental, Legal & Accounting Services. Occupancy currently stands at 41% and is cash flowing neutral. Estimated N.O.I after stabilization could exceed $270,000 per year. The Property is Bank Owned and being sold AS-IS.
Location
State IL
County Cook
Area Hoffman Estates
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 1
Structure Type Brick
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Chris Czarnowski • Earned Run Real Estate Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "