Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    300 Tri-State Tollway Lincolnshire, IL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for rent with on-site hotel and security.

    Type:OFFICE
    Property size:
    5,718 SF
    Lot size:
    35.54 Acres
    Added:
    May 30, 2023
    Days on Market:
    1044
    Last Refresh:
    Apr 5 at 9:16 pm

    Property Features for 300 Tri-State Tollway

    General Information

    Standard status
    Active
    Size
    5,718 SF
    Lot size
    35.54 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 300 Tri-State Tollway Contact us

    We can help!

    Listing Contact
    Norm Murdoch
    Norm Murdoch

    Listing agent Norm Murdoch

    Listing office Bradford Allen - Corporate

    Listing date May 30, 2023

    Source Moodyscre

    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 Bradford Allen - Corporate

    Overview

    Office Space with Ample Parking

    This office space offers several amenities, including an on-site Hawthorn Suites hotel. The property features manned security and after-hour access via a key fob system monitored by Kastle Systems. It is handicap accessible and includes available storage space. Courier services are available. Tenants benefit from ample surface lot parking and complimentary Wi-Fi. The property has a size of 5718 square feet and is located in Lincolnshire, IL.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Lincolnshire
    County
    Lake
    State
    Illinois
    Longitude
    -87.9084
    Latitude
    42.19

    Nearby Similar for Lease

    • $17/mo

      Modern Office Space in Lincolnshire

      Modern, well-maintained office space with ample parking and professional management.
      440 Milwaukee Ave, Lincolnshire, IL 60069
      View Details
    • $17/mo

      Modern Office Space in Lincolnshire

      Premier office space with flexible floor plans and ample parking.
      440 Milwaukee Ave, Lincolnshire, IL 60069
      View Details
    • $17/mo

      Connected Office Campus For Lease

      Class A office campus with renovated amenities and highway access.
      25, 75, 100, 200 & 300 Tri State International , Lincolnshire, IL 60069
      View Details
    • Contact for pricing

      Retail Space in City Park

      Up to 15,000 SF available in Lincolnshire's City Park.
      255-295 Parkway Drive , Lincolnshire, IL 60069
      View Details
    • Contact for pricing

      Prime Retail Space on Milwaukee Avenue

      Excellent visibility and access in a high-traffic North Shore location.
      970 Milwaukee Avenue, Lincolnshire, IL, 60069
      View Details
    • Contact for pricing

      Retail Space in Lincolnshire

      Retail space with high visibility and excellent demographics.
      900 Milwaukee Ave, Lincolnshire, IL
      View Details
    • $16/mo

      Pilates/Fitness Studio in Lincolnshire

      Fully built-out studio with excellent visibility and ample parking.
      300 Village Green Dr, Lincolnshire, IL
      View Details
    • Contact for pricing

      Retail Space in Lincolnshire

      Retail space available in Lincolnshire with high trade area population.
      950 Milwaukee Ave, Lincolnshire, IL
      View Details
    • Contact for pricing

      Prime Retail Locations Nationwide

      Retail spaces available in prime metro areas throughout the U.S.
      475 Milwaukee Ave, Lincolnshire, IL
      View Details
    • $13/mo

      Lincolnshire Office Space for Rent

      Office spaces available in Lincolnshire, from 5,199 to 43,039 Sq. Ft.
      111 Barclay Blvd, Lincolnshire, IL
      View Details
    • Contact for pricing

      Office Space with Modern Amenities

      Office space for rent with fitness center and more.
      1 Overlook Pt, Lincolnshire, IL
      View Details
    • Contact for pricing

      Lincolnshire Office Space for Lease

      Office spaces available in Lincolnshire Corporate Center.
      333 Knightsbridge Pkwy, Lincolnshire, IL
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent with on-site hotel and security.
    Where is this office units located?
    The property is located at 300 Tri-State Tollway Lincolnshire, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Manned security for peace of mind.; On‑site hawthorn suites hotel.; Ample surface lot parking available.
    (847) 445-9744 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Norm Murdoch
    Norm Murdoch
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!