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    North Aurora Medical Office Space Title is generated by Realmo AI

    140 Hansen Blvd, North Aurora, IL 60542

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    For Lease
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    Plug and play medical office in a visible location.

    Type:Office, Retail
    Added:
    Feb 28, 2026
    Days on Market:
    82
    Last Refresh:
    Mar 16 at 11:02 am

    Property Features for 140 Hansen Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office, Retail

    Spaces For Lease

    at 140 Hansen Blvd Contact us

    Available space $40/Mo

    Size
    4,300 SF
    Type
    Office, Retail
    Lease Rate: Negotiable
    Contact us

    We can help!

    Listing Contact
    Doug Pauly

    Listing agent Doug Pauly License #481000317

    Listing office Lee & Associates - Chicago

    Listing date Feb 28, 2026

    Source Crexi

    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 Lee & Associates - Chicago

    HighLights

    • Equipped with infrastructure to support healthcare demands.
    • Suitable for a variety of medical uses.
    • Ample parking and convenient ingress/egress for patients and staff.
    • Strong curb appeal with professional architectural elements and prominent signage opportunities.
    • Layout reflects thoughtful planning around patient flow, privacy, and operational functionality.
    • Allows for immediate occupancy with minimal downtime.

    Overview

    Originally designed for a pain management practice, the building is equipped with infrastructure that supports today’s healthcare demands. It features robust electrical capacity, extensive plumbing, and upgraded HVAC systems, making it suitable for high intensity medical use. The existing improvements provide a seamless transition for pain management, physical therapy, orthopedic, vascular, regenerative medicine, primary care, or many other medical uses. The property has been significantly enhanced from the parking lot through the mechanical systems and interior buildout. Convenient ingress and egress are available, along with ample parking for patients and staff. The exterior delivers strong curb appeal with professional architectural elements, clear sight lines from the roadway, and prominent signage opportunities. The layout reflects thoughtful planning around patient flow, privacy, and operational functionality. The existing buildout allows for immediate occupancy with minimal downtime, substantially reducing startup costs and construction timelines. Located in a highly visible North Aurora location, 140 Hansen Blvd offers a true plug and play medical opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neuragenex - Pain Management ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • All Pets Wellness Centers — 1975 Melissa Ln, Aurora, IL 60506
    • Petco Vaccination Clinic — 1660 Orchard Gateway Blvd, North Aurora, IL 60542

    Location Insight

    • Map
    • Local Demand
    City
    North Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3719878
    Latitude
    41.8050993

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    FAQs

    What type of property is this?
    Medical Office Space - Plug and play medical office in a visible location.
    Where is this medical office space located?
    The property is located at 140 Hansen Blvd North Aurora, IL.
    What are key features of this property?
    This property features: Equipped with infrastructure to support healthcare demands.; Suitable for a variety of medical uses.; Ample parking and convenient ingress/egress for patients and staff.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Doug Pauly
    Real Estate License ID: 481000317
    Learn More
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    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
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