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    1734 W Algonquin Rd Arlington Heights, IL

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    For Lease
    Contact for pricing

    Turn-key medical office near Northwest Community Hospital.

    Property size:
    10,000 SF
    Lot size:
    0.93 Acres

    Property Features for 1734 W Algonquin Rd

    General Information

    Size
    10,000 SF
    Lot size
    0.93 Acres

    Source: Coordinate Properties Agent Amanda Stamelos, Esq.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Space Near Hospital

    This medical office space is located approximately one mile from Northwest Community Hospital, a top-ranked Illinois hospital serving over 400,000 outpatients annually. The property is suitable for various uses, including medical offices, medical supplies, retail, law offices, real estate offices, title companies, architectural and interior design firms, and home design centers. The location at the corner of Algonquin and New Wilkie Roads provides convenient access to major highways (53 and I-90) and benefits from significant road traffic and exposure. Northwest Community Hospital is 1.5 miles northeast, and Cook County Circuit Court District 3 is 3 miles to the north. The population within a 3-mile radius is 98,839, with an estimated growth rate of 1.48% by 2020, encompassing 40,044 households. The average household income is $89,644. The traffic count on Algonquin Road is approximately 33,600 vehicles per day. Rolling Meadows is ranked as the 16th best city in Illinois for job growth. The property size is 10000 square feet.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Similar Places Nearby

    Arlington Heights Animal Hospital, Arlington Golf Animal Hospital, Soman Bindu DVM

    Map

    City
    Arlington Heights
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.650338
    Latitude
    39.800566

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    FAQs

    What type of property is this?
    Medical office - Turn-key medical office near Northwest Community Hospital.
    Where is this medical office located?
    The property is located at 1734 W Algonquin Rd Arlington Heights, IL.
    What are key features of this property?
    This property features: - Turn-key medical office space, ideal for a medical practice.; - Excellent opportunity to take over a retired orthopedic surgeon's patient base.; - High-traffic location at the corner of Algonquin and New Wilkie Roads with quick access to major highways (53 and I-90).
    (847) 409-4900
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1734 W Algonquin Rd Arlington Heights, IL
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