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    2201 W Roosevelt Road Broadview, IL 60155

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    Claim this Listing
    For Sale
    Under Contract
    $300,000

    COMMERCIAL - Broadview, IL

    Type:Office
    Property size:
    3,500 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $85/SF
    Added:
    Jan 27, 2026
    Days on Market:
    94
    Last Refresh:
    May 1 at 7:06 pm

    Property Features for 2201 W Roosevelt Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    COMMR
    Standard status
    Active Under Contract
    APN
    15153260370000
    Size
    3,500 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    29277

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1953
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Moses Hall
    Moses Hall

    Listing agent Moses Hall License #471019687

    Listing office MoHall Commercial & Urban Development 350 N. Orleans St. #9000N, Chicago, IL

    Listing date Jan 27, 2026

    MLS# 12555966

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Building For Sale

    Located in Broadview, Illinois, this updated 3,500 square foot single-story medical office building is positioned along Roosevelt Road, a busy arterial corridor in the western suburbs, with average daily traffic counts between 26,425 and 29,532 vehicles per day. The property is located minutes from Loyola University Medical Center, Hines VA Hospital, Rush Oak Park Hospital, and MacNeal Hospital. The C-1 zoning supports a variety of healthcare uses. The interior buildout includes a reception area, exam rooms with plumbing infrastructure, natural lighting, private restrooms, and a rear entry. The property is located blocks away from the Broadview Legacy Apartments, a permanent supportive housing facility offering healthcare and social services. The location provides access to I-290, nearby Metra stations, CTA and Pace bus routes, and both O'Hare and Midway airports. Rear surface parking and street parking are available. The 0.1424-acre lot is suitable for urgent care centers, outpatient clinics, dental and orthodontic practices, physical therapy, behavioral health, women's health, pediatrics, and administrative operations for home healthcare or hospice agencies.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Broadview Cardiology Group Medical Clinic Green Brenda Employment Agency Senat Antonio MD Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Broadview
    County
    Cook
    State
    Illinois
    Longitude
    -87.8593954
    Latitude
    41.8641201

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    FAQs

    What type of property is this?
    Medical Office Space - Updated medical office building in a high-traffic location.
    Where is this medical office space located?
    The property is located at 2201 W Roosevelt Road Broadview, IL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Strategic location in a growing medical corridor, minutes from major hospitals.; **High visibility on Roosevelt Road** with substantial daily traffic.; **Recently updated 3,500 SF medical office building** with existing healthcare infrastructure.
    (312) 826-9925
    We can help!
    Listing Contact
    Moses Hall
    Moses Hall
    Real Estate License ID: 471019687
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2201 W Roosevelt Road, Broadview, IL 60155

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