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830-890 E Higgins RdSchaumburg, IL 60007
Woodfield Grove Office Center
Asset ClassOffice
overview of deal

Overview

Marcus & Millichap is pleased to present Woodfield Grove Office Center, a 63,345-square-foot, well-maintained, single-story office portfolio located at 830–890 East Higgins Road in Schaumburg, Illinois. The property was constructed in 1976 and recently remodeled. It is composed of four (4) buildings varying in size, situated on a five-and-a-half (5.5) acre lot. The property offers 240 parking spaces, lush landscaping, and an attractive retail-centric location. Notable establishments within a one-mile radius include Woodfield Mall, Lifetime Fitness, and Bank of America, demonstrating the high value of this retail area.

 

Woodfield Grove Office Center is currently 88% occupied with a diverse roster of over 100 tenants. The property has demonstrated above-market occupancy and has historically outperformed the overall Woodfield office market. The property is expected to continue providing strong cash flow due to its above-market tenancy. The rent roll provides stability through consistent occupancy by many smaller tenants that have remained in this location for many years. This is a great opportunity for an investor to add a well-located asset with a strong tenant base and stable cash flow to their portfolio. A future property reversion strategy is also possible, including potential redevelopment into a bigbox retail site such as Whole Foods or Mariano’s. Overall, this highly accessible location supports consistent tenant demand and enhances the asset’s long-term investment appeal.

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Investment Highlights

  • Four Single-Story Office Buildings on 5.5 Acre Site Constructed in 1976 and Renovated in 2015
  • Strategically Located Near Woodfield Mall and Major Travel Routes Including I-290 and I-90
  • Surrounded By Dense Retail and Office Development Supporting Strong Long-Term Demand
  • Ideally Positioned Along East Higgins Road in a Prime Commercial Corridor

Property Information

Details
Property Name
Woodfield Grove Office Center
Address
830-890 E Higgins Road
City & State
Schaumburg, IL
Total Rentable Area (SF)
61,196 SF
830-890 E Higgins RdSchaumburg, IL 60007

Sales Team

John Abuja, CCIM, SIORSenior Managing Director

License #: IL:471.007675

(312) 327-5412john.abuja@marcusmillichap.com

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