Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    901 Biesterfield Rd Elk Grove Village, IL 60007

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single-story medical office center adjacent to Ascension Alexian Brothers Medical Center.

    Property size:
    52,126 SF

    Property Features for 901 Biesterfield Rd

    General Information

    Size
    52,126 SF

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Jason Wurtz
    Source: Naiglobal

    Listing Agent: Jason Wurtz

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

    Learn more

    Overview

    Medical Office Center Near Hospital

    Woodland Square Office Center provides single-story buildings in a location near Ascension Alexian Brothers Medical Center. The complex is designed to accommodate a range of medical services. Tenant signage is available. There is an opportunity for a 12,000 square foot single-story build-to-suit medical building. The property features private entrances and parking directly adjacent to tenant units. The property is professionally owned and managed by Stage Equity Partners. The location fosters a synergistic mix of medical co-tenants, including dentistry, nephrology, sports medicine, OB/GYN, dermatology, dialysis, MRI/Imaging, orthopedics, and pediatrics. The property contains a total of 52,126 square feet.
    Location Intelligence

    Current Use by Public Records

    Schumer Family Dental ... Cosmetic Dentist Gruendeman Gary W ... Dentist Dr. Randi Smulson Dentist Scott Szatkowski, DDS Dentist Stefan M. Schumer, ... Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove Village
    County
    Cook
    State
    Illinois
    Longitude
    -88.0192835
    Latitude
    42.0026257

    Nearby Similar for Sale

    • $150,000
      0.07 Acres

      Turnkey Mexican Restaurant For Sale

      Thriving Mexican restaurant in high-traffic location with loyal customer base.
      770 S Arlington Heights Rd, Elk Grove Village, IL 60007
      View Details
    • $640,000
      0.10 Acres

      Remodeled Industrial Condo Near Airport

      End-unit industrial condo in Elk Grove Village Business Park.
      700 Bonnie Ln, Elk Grove Village, IL 60007
      View Details
    • $3,200,000
      14,850 SF

      Turn-Key Food Manufacturing Facility

      FDA and USDA approved food manufacturing facility near O'Hare Airport.
      99999 Confidential Ave, Elk Grove Village, IL 60007
      View Details
    • $255,000

      Updated Condo with Modern Touches

      Move-in ready condo featuring modern updates and convenient amenities.
      805 Leicester Rd, Elk Grove Village, IL 60007
      View Details
    • $330,900

      Updated Condo with Accessibility Features

      Move-in ready condo featuring accessibility enhancements and updated kitchen.
      615 Perrie Dr, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      91,517 SF

      Elk Grove Warehouse with Yard

      Warehouse with fenced yard near O’Hare Airport and highways.
      3501 Touhy Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      12,000 SF

      Medical Office Build to Suit

      Proposed 12,000 SF medical office space for sale.
      901 Biesterfield Rd -, Elk Grove Village, IL 60007
      View Details
    • $1,399,000
      12,800 SF

      Elk Grove Village Warehouse Facility

      12,800 SF building suitable for single or multi-tenant use.
      119 Joey Dr, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      74,975 SF

      Elk Grove Village Warehouse Space

      Open warehouse layout near major transportation routes and O’Hare Airport.
      951 Lunt Ave, Elk Grove Village, IL 60007
      View Details
    • $170,000
      784 SF

      Elk Grove Village Condo

      One-bedroom condo with open floorplan, natural light, and balcony.
      840 Wellington Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      89,965 SF

      Elk Grove Village Drive-In Property

      Professionally managed property with oversized drive-in doors and truck repair potential.
      801 Chase Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      84,185 SF

      Industrial Property with Active Rail

      Industrial property featuring an active rail line and 20-ton crane.
      2550 Arthur Ave, Elk Grove Village, IL 60007
      View Details

    FAQs

    What type of property is this?
    Medical office - Single-story medical office center adjacent to Ascension Alexian Brothers Medical Center.
    Where is this medical office located?
    The property is located at 901 Biesterfield Rd Elk Grove Village, IL.
    What is the asking price?
    The asking price for this property is $27.
    What are key features of this property?
    This property features: - Prime location adjacent to Ascension Alexian Brothers Medical Center.; - Single-story convenience with private entrances.; - Synergistic mix of medical co-tenants within the complex.
    (847) 660-3839
    Request Owner's contact information
    901 Biesterfield Rd Elk Grove Village, IL 60007
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    901 Biesterfield Rd
    Elk Grove Village, IL 60007
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    901 Biesterfield Rd Elk Grove Village, IL 60007
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jason Wurtz
    (847) 660-3839
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.