Medical Office Space with Exam
For Sale
Contact for pricing
2210 Dean St, St Charles, IL 60175
Medical office suite with exam, procedure, lab, and physician office rooms, plus a central reception area.
Property Size4,000 SF
Price / SF$248.75
Days on Market963
Property Features for 2210 Dean St
General Information
Standard status
Active
Size
4,000 SF
Property subtype
OFFICE
Listing Agency:
SVN | Landmark Commercial Real Estate
(630) 254-4734
Listed By:
Jeff Cadwallader · License #475116201
(630) 254-4734
Source:
Moodyscre
Added: Dec 21, 2023
Changed: Jul 31
Last Checked: Aug 9 at 10:29AM
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 SVN | Landmark Commercial Real Estate
Investment Insights
Based on property information with market context.
This medical office space is arranged for patient care and day-to-day clinic workflow, featuring 5 exam rooms and a procedure room. The suite also includes 3 physician offices, a consultation room, and a lab area.
Additional support spaces include a break room, storage room, and 3 restrooms. The layout provides a generous waiting room and a central office with reception for check-in and coordination.
The space is located at 2210 Dean St in St Charles, IL 60175.
Additional support spaces include a break room, storage room, and 3 restrooms. The layout provides a generous waiting room and a central office with reception for check-in and coordination.
The space is located at 2210 Dean St in St Charles, IL 60175.
Key Highlights
- 5 exam rooms plus a procedure room
- 3 physician offices and a consultation room
- Lab area included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,581
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,111,620
$1.1M
Cap Rate 7%
$794,014
$794.0K
Cap Rate 9%
$617,567
$617.6K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$100.8K $25.20/SF
− Vacancy
−$8.2K −$2.04/SF
EGI
$92.6K $23.16/SF
− OpEx
−$37.1K −$9.26/SF
NOI
$55.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,111,620
Cap Rate 7%
$794,014
Cap Rate 9%
$617,567
Alternative Uses
Best Use
Healthcare Medical
$794.0K
$694.8K – $926.4K
NOI $55,581 @ 7.0% cap · market cap 5.59%
Second Best
Office B
$787.9K
$689.4K – $919.2K
NOI $55,153 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,671 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60175, IL
26,024
Population
9,170
Households
2.8
Avg Household Size
42
Median Age
55%
College-Educated
97%
High-School Grad
33.5 sq mi
ZIP Area
777
Density / Sq Mi
$173,564
Median Household Income
$74,743
Median Earnings
$2,859
Median Rent
$476,100
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 - Medical office suite with exam, procedure, lab, and physician office rooms, plus a central reception area.
Where is this medical office space located?
The property is located at 2210 Dean St St Charles, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5 exam rooms plus a procedure room; 3 physician offices and a consultation room; Lab area included
