Upscale Medical Office Space
1000 Randall Road Suite 225 Geneva, IL 60134
1000 Randall Road Suite 225, Geneva, IL, 60134
$385,000
For Sale
$385,000
Turnkey medical office space with ample parking and natural light.
Property Size2,000 SF
Price / SF$192.50
Days on Market139
Property Features for 1000 Randall Road Suite 225
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1990
Listing agency
Murray Commercial
(630) 244-3272
Listed by
Jace Murray
(630) 244-3272
Source
Murraycommercial
Added: Mar 6 Updated: Jul 6 at 10:53AM Checked: Jul 22 at 3:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Murray Commercial
Investment Insights
Based on property information with market context.
This property is located on the west side of Randall Road, south of Northwestern Medicine Delnor Hospital. The available unit is an upscale medical office on the second floor of a professional building with high visitor traffic. The 2,000+ SF space features front and back entries, abundant natural light, storage, and ample parking. The current layout includes five exam rooms, a large recovery area, a large procedure room, a waiting area, a reception area, a kitchen, and two restrooms (patient & staff). This well-maintained building and grounds are managed by a condominium association. The space could be converted to meet various needs, presenting an ideal investment or owner/user opportunity. It is located approximately 1.5 miles from Northwestern Medicine Delnor Hospital.
Key Highlights
- Turnkey 2,000+\/- SF medical office space, easily convertible to other uses.
- Located near Northwestern Medicine Delnor Hospital (1.5 miles) on Randall Road.
- Ample parking and front/back entries for convenient access.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.4k | $25.20 |
| − Vacancy | −$4.1k | −$2.04 |
| EGI | $46.3k | $23.16 |
| − OpEx | −$18.5k | −$9.26 |
| NOI | $27.8k | $13.90 |
2,000 SF · lease $25.20/SF/yr · vacancy 8.10% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$397.0K
$347.4K – $463.2K
NOI $27,791 @ 7.0% cap · market cap 7.22%
Second Best
Office B
$394.0K
$344.7K – $459.6K
NOI $27,577 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$690.5K
$604.2K – $805.6K
NOI $48,336 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Joseph Gupana
Dental Office
Julie Caley
Physician
Dr. Jamison D. ...
Pediatrician
Northern Illinois Medical ...
Medical Clinic
Dr. Aneel Belani
Dental Office
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FAQs
What type of property is this?
Medical Office Space - Turnkey medical office space with ample parking and natural light.
Where is this medical office space located?
The property is located at 1000 Randall Road Suite 225 Geneva, IL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Turnkey 2,000+\/- SF medical office space, easily convertible to other uses.; Located near Northwestern Medicine Delnor Hospital (1.5 miles) on Randall Road.; Ample parking and front/back entries for convenient access.
