2250 Point Executive Corporate Center | Value-Add Office Building

Highlights:

• ±80,000 SF Multi-Tenant Office Building located in Elgin, Illinois within the Chicago MSA
• Established In-Place Tenancy with approximately 40% occupancy across 15 tenants, providing stable tenancy with significant upside through lease-up of existing vacancy
• Regus Agreement In-Place Through 2034, occupying approximately 11,000 SF on the 3rd floor and providing exposure to the flexible office sector through an international coworking operator
• Significant Lease-Up Upside with approximately 48,000 SF available, creating a clear opportunity to increase occupancy, revenue, and long-term asset value
• Potential Owner-User Opportunity with flexible floor plates and meaningful available space suitable for a variety of office users
• Recently Renovated Asset originally built in 1999 and renovated in 2023
• Functional Office Building Features including a shared conference facility, building signage availability, two elevators, and approximately 300 surface parking spaces
• Suburban Chicago Location immediately off I-90 and Randall Road, with strong regional access and affluent demographics, including 40,000+ residents and $100,000+ median household incomes within three miles

Description:

Friedman Real Estate, in collaboration with RI Marketplace, is pleased to offer the exclusive marketing and sale of 2250 Point Executive Corporate Center, a value-add multi-tenant office building located in Elgin, Illinois. The property offers an established in-place tenant roster, meaningful lease-up upside, and a flexible office configuration suitable for both investors and potential owner-users.

The property consists of approximately 80,000 square feet on 4.14 acres and is currently approximately 40% occupied by 15 tenants. The building was originally constructed in 1999 and renovated in 2023, offering investors a functional office asset with updated common areas, flexible floor plates, shared conference facility, building signage availability, two elevators, and approximately 300 surface parking spaces.

The tenant roster includes a mix of professional service, financial, healthcare, and office users, along with Regus / HQ, which occupies approximately 11,000 square feet under an agreement in place through 2034. The remaining vacancy provides immediate upside through lease-up of approximately 48,000 square feet or the potential for an owner-user to occupy a significant portion of the building while benefiting from existing tenancy.


Location Overview
2250 Point Executive Corporate Center is located in Elgin, Illinois, within the Chicago metropolitan area. Elgin is one of the largest cities in Illinois and serves as a key suburban employment, residential, and commercial market within the northwest Chicago suburbs.

The property benefits from its position immediately off I-90 and Randall Road, providing convenient regional access throughout Elgin, Schaumburg, Hoffman Estates, the northwest suburbs, and the broader Chicago MSA. The surrounding area includes a strong mix of office, medical, retail, hospitality, and residential uses, supporting consistent demand from businesses and employees in the immediate trade area.

The asset is located within an affluent surrounding demographic base, with more than 40,000 residents and median household incomes exceeding $100,000 within three miles. The combination of regional accessibility, existing tenancy, recent renovations, available parking, and significant vacancy creates a compelling auction opportunity for investors seeking a suburban Chicago office asset with value-add upside.


For more information:
https://rimarketplace.com/auction/3302/office/elgin/il?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=august19_2026&utm_content=office_3302

Bidding Opens
Aug 18, 2026 12:00 AM
Bidding Ends
Aug 20, 2026 12:00 AM