Multi-Tenant Medical Office
For Sale
$12,200,000
2000 McDonald Road South, Elgin, IL 60177
Class A professional property with medical, business, and early learning occupancy in a developed commercial corridor.
Property Size32,415 SF
Days on Market67
Property Features for 2000 McDonald Road South
General Information
Standard status
Active
Size
32,415 SF
Class
A
Property subtype
Medical/Healthcare
Building Details
Building Size
32,415 SF
Year Built
2008
Listing Agency:
O'Donnell Commercial Real Estate, Inc.
Listed By:
Kevin O'Donnell
(630) 444-0444
Source:
Thebrokerlist
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 23 at 3:25AM
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 O'Donnell Commercial Real Estate, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2008, this multi-tenant office property combines medical, professional, and early learning uses within a Class A building. The property is 97% occupied and includes a first-floor learning center with 13 childcare and classroom spaces, kitchen, pantry, in-unit laundry, staff room, private offices, and a secured exterior playground. A covered porte cochere supports student drop-off, while private staff access separates employee circulation.
The building has monument signage on McDonald Road and sits west of Randall Road, across from the South Elgin & Countryside Fire Protection District Fire and EMS Station. Northwestern Delnor Hospital is 7.4 miles south, and Advocate Sherman Hospital is 6.8 miles north near the Randall Road and Interstate 90 interchange. Site improvements include newly paved parking areas, irrigated landscaping, enclosed waste areas, upgraded fire alarm equipment, computerized HVAC with M-13 filtration, and fiber-optic service from AT&T, Xfinity, and Metronet.
The building has monument signage on McDonald Road and sits west of Randall Road, across from the South Elgin & Countryside Fire Protection District Fire and EMS Station. Northwestern Delnor Hospital is 7.4 miles south, and Advocate Sherman Hospital is 6.8 miles north near the Randall Road and Interstate 90 interchange. Site improvements include newly paved parking areas, irrigated landscaping, enclosed waste areas, upgraded fire alarm equipment, computerized HVAC with M-13 filtration, and fiber-optic service from AT&T, Xfinity, and Metronet.
Key Highlights
- 97% occupied multi‑tenant office property built in 2008
- First‑floor learning center secured by a 15 year lease
- 13 childcare and classroom spaces with kitchen, pantry, laundry, and private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$450,416
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,008,320
$9.0M
Cap Rate 7%
$6,434,514
$6.4M
Cap Rate 9%
$5,004,622
$5.0M
Market Conditions
NOI Build-Up for 32,415 SF
Gross rent
$816.9K $25.20/SF
− Vacancy
−$66.2K −$2.04/SF
EGI
$750.7K $23.16/SF
− OpEx
−$300.3K −$9.26/SF
NOI
$450.4K $13.90/SF
Area
Kane County, IL
Vacancy
8.10%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,008,320
Cap Rate 7%
$6,434,514
Cap Rate 9%
$5,004,622
Alternative Uses
Best Use
Healthcare Medical
$6.43M
$5.63M – $7.51M
NOI $450,416 @ 7.0% cap · market cap 3.69%
Second Best
Office B
$6.38M
$5.59M – $7.45M
NOI $446,950 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$11.19M
$9.79M – $13.06M
NOI $783,399 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 60177, IL
24,361
Population
8,700
Households
2.8
Avg Household Size
37
Median Age
38%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
2,737
Density / Sq Mi
$123,700
Median Household Income
$59,266
Median Earnings
$1,612
Median Rent
$296,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Class A professional property with medical, business, and early learning occupancy in a developed commercial corridor.
Where is this office building located?
The property is located at 2000 McDonald Road South Elgin, IL.
What is the asking price?
The asking price for this property is $12,200,000.
What are key features of this property?
This property features: 97% occupied multi‑tenant office property built in 2008; First‑floor learning center secured by a 15 year lease; 13 childcare and classroom spaces with kitchen, pantry, laundry, and private offices
