Fully Occupied Medical Office
For Sale
Contact for pricing
1321 Tower Rd, Schaumburg, IL 60173
Two medical tenants occupy the building near Interstate-90 and Golf Road.
Property Size9,000 SF
Days on Market143
Property Features for 1321 Tower Rd
General Information
Standard status
Active
Size
9,000 SF
Net Rentable
9,000 SF
Property subtype
Office
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Building Size
9,000 SF
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 787-0666
Listed By:
Frank Roti · License #IL 475.139806
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 2:27PM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
This 9,000 rentable square foot medical office building is fully occupied by two tenants. Chicago Liposuction, LLC occupies 65% of the gross leasable area and has agreed to execute a new ten-year triple net lease at closing. The second occupant is Dr. Victor Sanz’s dental practice, which has operated at the property since January 2015 under a triple net lease. The current weighted average lease term is 7.5 years, and Chicago Liposuction, LLC’s lease includes 2% annual rent increases.
The property is located south of Interstate-90 in Schaumburg, with Golf Road immediately to the south. Interstate-90 carries daily traffic counts of 150,000, while Golf Road reports 32,000 vehicles per day. The surrounding retail area includes Costco, IKEA, Trader Joe’s, Michaels, HomeGoods, Nordstrom Rack, and Woodfield Mall. Within ten miles, the population is 900,000 and estimated daytime population reaches 1.04 million.
The property is located south of Interstate-90 in Schaumburg, with Golf Road immediately to the south. Interstate-90 carries daily traffic counts of 150,000, while Golf Road reports 32,000 vehicles per day. The surrounding retail area includes Costco, IKEA, Trader Joe’s, Michaels, HomeGoods, Nordstrom Rack, and Woodfield Mall. Within ten miles, the population is 900,000 and estimated daytime population reaches 1.04 million.
Key Highlights
- 9,000 rentable square foot medical office building with two fully occupied tenant suites
- Chicago Liposuction, LLC occupies 65% of the gross leasable area
- Weighted average lease term is currently 7.5 years
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,855
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60173, IL
13,764
Population
6,901
Households
2
Avg Household Size
35
Median Age
67%
College-Educated
97%
High-School Grad
6.4 sq mi
ZIP Area
2,151
Density / Sq Mi
$99,975
Median Household Income
$68,305
Median Earnings
$1,786
Median Rent
$311,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two medical tenants occupy the building near Interstate-90 and Golf Road.
Where is this medical office space located?
The property is located at 1321 Tower Rd Schaumburg, IL.
What are key features of this property?
This property features: 9,000 rentable square foot medical office building with two fully occupied tenant suites; Chicago Liposuction, LLC occupies 65% of the gross leasable area; Weighted average lease term is currently 7.5 years
