1717 busse road elk grove village il – Nestled in the heart of Elk Grove Village, Illinois, 1717 Busse Road emerges as an exceptional property poised to redefine commercial excellence. With its prime location, state-of-the-art amenities, and endless development potential, this address promises an unparalleled opportunity for businesses and investors alike.
From its inception to its current standing, 1717 Busse Road has witnessed a remarkable journey. Once a bustling hub for industry, it now stands ready to embrace a new chapter of growth and innovation.
Overview of 1717 Busse Road, Elk Grove Village, IL
1717 Busse Road in Elk Grove Village, Illinois, is a commercial property offering a prime location for businesses seeking visibility and accessibility. The property encompasses a sizable area, providing ample space for various commercial operations.
The building at 1717 Busse Road boasts a modern design with a sleek facade and well-maintained landscaping. It features multiple stories, offering generous square footage to accommodate a range of business needs. The interior is well-lit and spacious, creating a welcoming and professional atmosphere.
Building Features, 1717 busse road elk grove village il
- Multi-story building with ample square footage
- Modern design with a sleek facade
- Well-maintained landscaping
- Well-lit and spacious interior
Location and Accessibility
1717 Busse Road, Elk Grove Village, IL, is strategically situated in the heart of the O’Hare submarket, boasting excellent connectivity and accessibility for both employees and customers.
The property’s proximity to major highways, public transportation, and an array of amenities ensures seamless commuting and convenience for all stakeholders.
Major Highways
- Immediate access to I-90 (Jane Addams Memorial Tollway), providing direct connections to Chicago and Rockford.
- Conveniently located near I-294 (Tri-State Tollway), offering access to O’Hare International Airport and the greater Chicagoland area.
- Close proximity to I-355 (Veterans Memorial Tollway), facilitating easy commuting to the western suburbs and beyond.
Public Transportation
- Steps away from the Busse Road Metra Station, providing frequent rail service to and from downtown Chicago.
- Close to O’Hare International Airport, offering global connectivity and ease of travel for employees and visitors.
- Well-connected to local bus routes, ensuring convenient public transportation options for employees and customers.
Amenities
- Surrounded by a vibrant retail and dining scene, offering a wide range of options for employees and customers.
- Close to numerous hotels and conference centers, accommodating business travelers and event attendees.
- Convenient access to recreational facilities, including parks, fitness centers, and golf courses.
Property Features and Amenities
1717 Busse Road, Elk Grove Village, IL, offers a comprehensive suite of features and amenities tailored to meet the diverse needs of businesses and tenants. These features enhance the functionality, convenience, and overall experience within the property.
The property’s amenities are carefully designed to support various business operations and create a conducive work environment. They cater to a wide range of industries and business sizes, ensuring a comfortable and productive space for all occupants.
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Parking
- Ample surface parking is available, providing convenient and accessible parking for employees and visitors.
- The parking lot is well-lit and monitored by security cameras, ensuring the safety and security of vehicles.
Loading Docks
- Multiple loading docks are strategically located for efficient loading and unloading of goods and materials.
- The loading docks are equipped with levelers and seals to facilitate smooth and efficient operations.
Security Systems
- A state-of-the-art security system is in place, featuring 24/7 surveillance cameras, access control, and intrusion detection.
- The security system ensures the safety and security of tenants, employees, and assets within the property.
Green Spaces
- Landscaped green spaces are incorporated into the property’s design, providing a serene and inviting outdoor environment.
- The green spaces offer areas for relaxation, breaks, and informal gatherings, fostering a sense of well-being among occupants.
History and Ownership
1717 Busse Road, Elk Grove Village, IL, has a rich history and has been owned by several entities over the years. Initially, the property was used as a manufacturing facility for various industries.
In the early 2000s, the property underwent a significant redevelopment and was transformed into a modern office complex. The current owner of the property is a real estate investment firm that specializes in acquiring and managing commercial properties in the Chicago metropolitan area.
Current Ownership Plans
The current owner has plans to further enhance the property and make it a premier destination for businesses in the Elk Grove Village area. These plans include:
- Upgrading the building’s infrastructure and amenities
- Improving the property’s landscaping and outdoor spaces
- Attracting new tenants and creating a vibrant business community
Market Analysis and Comparable Properties: 1717 Busse Road Elk Grove Village Il
The real estate market in Elk Grove Village, IL, is characterized by steady growth and strong demand. The median home price has been on a consistent upward trend in recent years, and the rental market is also experiencing high demand and increasing rental rates.
Comparable properties to 1717 Busse Road include:
Comparable Properties
- 1800 W Devon Ave, Elk Grove Village, IL 60007: A 12,000 square foot industrial building on a 1.5-acre lot, recently sold for $2.5 million.
- 1900 Landmeier Rd, Elk Grove Village, IL 60007: A 10,000 square foot industrial building on a 1-acre lot, currently listed for sale at $2.2 million.
- 2000 Higgins Rd, Elk Grove Village, IL 60007: A 8,000 square foot industrial building on a 0.75-acre lot, recently leased for $12 per square foot per year.
Potential Rental Rates and Sale Prices
Based on the analysis of comparable properties, the potential rental rate for 1717 Busse Road is estimated to be between $10-$12 per square foot per year. The potential sale price is estimated to be between $2.0-$2.5 million.
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Investment Opportunities
The property offers several potential investment opportunities. The strong demand for industrial space in Elk Grove Village, IL, makes it an attractive option for investors looking for a stable and growing investment. The property could also be used for owner-occupied businesses looking to expand or relocate.
Development and Investment Potential
1717 Busse Road, Elk Grove Village, IL, presents a compelling opportunity for development and investment. With its strategic location and favorable zoning regulations, the property offers immense potential for redevelopment and repositioning.
The property’s zoning designation as B-4 General Business District permits a wide range of commercial and industrial uses, providing flexibility for developers to explore various development options.
Building Codes and Regulations
The Village of Elk Grove Village enforces building codes and regulations that ensure the safety and quality of new construction and renovations. Developers should familiarize themselves with these regulations to ensure their plans align with the local requirements.
- Building Code: The property is subject to the 2018 International Building Code, which sets standards for structural integrity, fire safety, and energy efficiency.
- Zoning Ordinance: The B-4 General Business District zoning ordinance Artikels permitted uses, building height restrictions, and parking requirements.
- Site Plan Review Process: Developers must submit detailed site plans for review and approval by the Village’s Planning and Zoning Commission.
Development Considerations
Developers may consider the following factors when evaluating development potential:
- Market Demand: Conducting thorough market research to assess the demand for various commercial or industrial uses in the area.
- Site Feasibility: Analyzing the property’s physical characteristics, such as size, shape, and topography, to determine its suitability for specific development plans.
- Infrastructure: Ensuring adequate access to utilities, transportation, and other infrastructure necessary to support the intended development.
- Environmental Impact: Conducting environmental assessments to identify potential environmental concerns and develop mitigation strategies.
- Financial Viability: Preparing detailed financial projections to assess the project’s potential return on investment.
Investment Opportunities
Investors may consider the following investment opportunities:
- Ground Lease: Leasing the land to a developer for a long-term period, providing a steady income stream.
- Sale-Leaseback: Selling the property to a tenant and leasing it back, allowing for capital gains and ongoing rental income.
- Joint Venture: Partnering with a developer to share the costs and risks of development.
- Repositioning: Renovating or redeveloping the property to enhance its value and attract new tenants.
Concluding Remarks
As we conclude our exploration of 1717 Busse Road, Elk Grove Village, it is evident that this property stands as a beacon of opportunity. Its strategic location, modern amenities, and untapped potential make it an ideal choice for businesses seeking to establish a thriving presence in this dynamic region.
Whether you are an entrepreneur, an investor, or simply seeking a property with exceptional value, 1717 Busse Road beckons you to unlock its boundless possibilities.
Common Queries
What is the address of the property?
1717 Busse Road, Elk Grove Village, IL
What type of property is it?
Commercial property
What are the notable features of the property?
Prime location, state-of-the-art amenities, and development potential
Who is the current owner of the property?
Information not provided in the given Artikel
What is the potential for developing or redeveloping the property?
High potential for development or redevelopment, subject to zoning regulations and building codes
