980 Elk Grove Town Ceter

980 Elk Grove Town Center Elk Grove Village, IL 60007

980 Elk Grove Town Center, Elk Grove Village, IL, 60007
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FOR LEASE
Property Type:
Neighborhood Center
Amount:
Please Call Broker for Price

Last Verified:
Dec 02, 2024

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Highlights

  • 54,400, 3,000 & 700 sf of space available (demisable)
  • Two loading docs
  • Located directly in Town Center
  • Co-tenants with national credit tenant
  • Sees almost 50,000 VPD at cross streets
  • Located near multiple highways and O'Hare Airport
  • 3 Miles from 4,000 acre Village Business Park with over 100,000 employees

Description

Small Shop Space & Big box former grocer available, located at Elk Grove Town Center consisting of 58,100 sf of retail space. Set within the affluent and densely populated Elk Grove Village community, the center sits prominently at the heavily trafficked intersection of Biesterfield Road and Arlington Heights Road. Elk Grove Town Center benefits immensely from its strategic location just 1.5 miles east of the 4,000-acre Elk Grove Village Business Park, the largest business park in the country, and less than a five-mile drive from O’Hare International Airport

Elk Grove Village is a village in Cook and DuPage counties in the U.S. state of Illinois. Per the 2020 census, the population was 32,812. Located 20 miles (32 km) northwest of Chicago along the Golden Corridor, the Village of Elk Grove Village was incorporated on July 17, 1956. Elk Grove Village is home to the largest consolidated business park in North America. There are nearly 3,600 businesses operating in the Village's 5.9-square-mile (15 km2) business park along the western edge of O'Hare International Airport, employing nearly 100,000 persons. Elk Grove Village is a vibrant and diverse community with a lot to offer its residents. The village is home to a mix of businesses, schools, and parks, and it is located just minutes from O'Hare International Airport, making it a convenient place to live, work, and raise a family.


Year Built: 1998
Building Size: 102104sq ft
Lot Size: 13.0 acres


Documents

Elk Grove Village Town Center Lease Brochure.pdf

Units for Lease

980 Elk Grove Town Center
Space Available: 54400 SF
Lease Type: NNN

Price Per Sqft/Year: $12.00
960 Elk Grove Town Center (copy)
Space Available: 2999 SF
Lease Type: NNN

Price Per Sqft/Year: $25.00
954 Elk Grove Town Center (copy)
Space Available: 700 SF
Lease Type: NNN

Price Per Sqft/Year: $30.00


Map of 980 Elk Grove Town Center, Elk Grove Village, IL, 60007

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.