Listing Agency: NAI Hiffman | Oakbrook Terrace b***@hiffman.com Show Phone

Listed By: Brian Edgerton · License #475213708 Show Phone

Source: Naiglobal

Added: Mar 6 Changed: Jul 6 Last Checked: Aug 7 at 2:33AM

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Investment Insights

Based on property information with market context.

Medical office space is available for lease in Elgin, situated at the southeast corner of Lin Lor Lane and N Airlite Street. The property is directly connected to a hospital, offering convenience for physicians and patients. The location features a synergistic mix of co-tenant medical specialties. The property is professionally owned and managed by Bauman & Company, LLC.

Key Highlights

• Directly connected to Hospital for ultimate physician and patient convenience
• Medical Office Space For Lease in Elgin
• Located at the SE Corner of Lin Lor Lane and N Airlite Street

Property Analytics

Property Profile

Current Use

Ascension Saint Joseph ... Medical Clinic Rosario I. Sanchez ... Physician Kyle Ann Garcia ... Physician Syed Hasan, MD Physician Advocate Medical Group ... Pediatrician

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Bakery Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

571

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 60123, IL

47,932

Population

18,129

Households

2.6

Avg Household Size

37

Median Age

24%

College-Educated

84%

High-School Grad

14.0 sq mi

ZIP Area

3,424

Density / Sq Mi

$86,762

Median Household Income

$40,288

Median Earnings

$1,226

Median Rent

$242,200

Median Home Value

Market

Lease Benchmarks for Elgin, IL

$20.42 /SF/Yr

Avg Asking Price

$17.75–$25 /SF/Yr

Price Range

16,768 SF

Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Medical office space for lease, connected to hospital.

Where is this medical office space located?

The property is located at 87 N Airlite St Elgin, IL.

What are key features of this property?

This property features: Directly connected to Hospital for ultimate physician and patient convenience; Medical Office Space For Lease in Elgin; Located at the SE Corner of Lin Lor Lane and N Airlite Street