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2250 Point Blvd
Elgin, IL 60123
2250 Point Blvd · Office Property For Sale
Investment Highlights
- Approximately ±80,000 SF multi-tenant office building located in Elgin, within the Chicago MSA.
- Regus occupies approximately 11,000 SF on the third floor with a lease term through 2034.
- Recently renovated asset, originally constructed in 1999 and updated in 2023.
- Established tenancy with about 40% occupancy and stable income from 15 tenants.
- Significant upside with ±48,000 SF available for immediate lease-up.
- Accessible suburban location near I-90 and Randall Road with over 40,000 nearby residents and strong local amenities.
Executive Summary
2250 Point Executive Corporate Center offers a compelling value-add investment opportunity within the Chicago MSA. This ±80,000 SF multi-tenant office asset benefits from established tenancy, with approximately 40% occupancy across 15 tenants, ensuring steady income while providing considerable upside through additional lease-up. A long-term credit tenant, Regus, anchors the property with a lease in place through 2034, creating stable income and exposure to the growing flexible office segment.
Positioned on a highly accessible site near I-90 and Randall Road, the property offers proximity to a strong regional employment base and an affluent suburban demographic. The building has undergone recent renovations in 2023 and includes a conference facility, modern common areas, two passenger elevators, and nearly 300 surface spaces. Approximately 48,000 SF remains available for lease, representing significant potential for income growth and enhanced asset value.
The property’s suburban Elgin location combines convenience and connectivity, with direct access to major highways, a broad labor force, and an extensive amenities network. For investors seeking an office asset with in-place income, modernization, and strategic upside, 2250 Point Blvd presents a highly competitive acquisition prospect.
Positioned on a highly accessible site near I-90 and Randall Road, the property offers proximity to a strong regional employment base and an affluent suburban demographic. The building has undergone recent renovations in 2023 and includes a conference facility, modern common areas, two passenger elevators, and nearly 300 surface spaces. Approximately 48,000 SF remains available for lease, representing significant potential for income growth and enhanced asset value.
The property’s suburban Elgin location combines convenience and connectivity, with direct access to major highways, a broad labor force, and an extensive amenities network. For investors seeking an office asset with in-place income, modernization, and strategic upside, 2250 Point Blvd presents a highly competitive acquisition prospect.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
80,322 SF
Building Class
A
Year Built/Renovated
1999/2023
Percent Leased
40%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
20,355 SF
Slab To Slab
11’
Building FAR
0.44
Lot Size
4.21 AC
Zoning
ORI - Office Research Industrial
Parking
297 Spaces (3.65 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Food Service
- Signage
Property Taxes
| Parcel Number | 03-29-351-028 | Improvements Assessment | $1,117,068 CAD |
| Land Assessment | $525,680 CAD | Total Assessment | $1,642,749 CAD |
Property Taxes
Parcel Number
03-29-351-028
Land Assessment
$525,680 CAD
Improvements Assessment
$1,117,068 CAD
Total Assessment
$1,642,749 CAD
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