Class A Medical Office
For Lease
$17.75 SF/Yr
1600 N Randall Rd, Hoffman Estates, IL 60123
Four-story medical office building with modern finishes and abundant parking.
Space SizeContact for details
Lot Size6.40 Acres
Days on Market769
Property Features for 1600 N Randall Rd
General Information
Standard status
Active
Lot size
6.40 Acres
Listing Agency:
Sperry Van Ness
(312) 676-1862
Listed By:
Olivia Czyzynski · License #475146577
(312) 676-1862
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 6
Last Checked: Aug 21 at 10:31AM
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 Sperry Van Ness
Investment Insights
Based on property information with market context.
Randall Medical Pavilion is a four-story, 100,000 square foot Class A medical office building featuring modern finishes and abundant parking. The property offers a mix of finished, move-in ready suites, build-to-suit options, and full floor options of 20,339 rentable square feet. Custom-designed suites are available, along with generous tenant improvement allowances or turn-key buildouts. The property is owned and managed by RX Health & Science Trust. The tenant roster includes Northwestern Medicine & Derick Dermatology. The intended use of the property is for medical office space.
Key Highlights
- Class A medical office building with modern finishes.
- Abundant parking available.
- Mix of move‑in ready suites and build‑to‑suit options.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.66 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,315
Businesses Nearby
Well-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 Hoffman Estates, IL
$19.94 /SF/Yr
Avg Asking Price
$17.75–$25 /SF/Yr
Price Range
13,647 SF
Avg Space Size
This space is priced 11% below the average of $19.94 /SF/Yr.
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Four-story medical office building with modern finishes and abundant parking.
Where is this medical office space located?
The property is located at 1600 N Randall Rd Hoffman Estates, IL.
What is the lease rate?
The lease rate is $17.75 SF/Yr.
What are key features of this property?
This property features: Class A medical office building with modern finishes.; Abundant parking available.; Mix of move‑in ready suites and build‑to‑suit options.
