Freestanding Medical Office
For Sale
$849,000
4215 Kirchoff Road, Rolling Meadows, IL 60008
Clinical suites, private offices, and reception areas support medical or professional office use.
Property Size4,800 SF
Price / SF$176.88
Days on Market36
Property Features for 4215 Kirchoff Road
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Office/Medical
Taxes and HOA fees
Annual Taxes
$35,840
Amenities
conference room
kitchenette
open eating space
handicap accessible
Building Details
Building Size
4,800 SF
Year Built
1988
Buildings
1
Stories
2
Construction
brick
Listing Agency:
HomeSmart Connect LLC
Listed By:
Linda Hagstrom
(847) 495-5000
Source:
Fishmangroup
Added: Sep 19
Changed: Oct 23
Last Checked: Oct 23 at 1:24PM
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 HomeSmart Connect LLC
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Investment Insights
Based on property information with market context.
This 4,800-square-foot, two-level brick property was built in 1988 and is configured for medical and office functions. The first floor includes clinical suites, reception and waiting areas, and private offices. A separate reception area offers access from the rear entrance, which is handicap accessible. Each level has two restrooms. Upstairs, multiple offices are complemented by a conference room and a kitchenette with an open dining area.
Private parking is available on site. The property offers access to Route 53 and I-90/I-290 and is near a hospital, restaurants, and other commercial amenities. Its existing clinical layout and additional office areas accommodate medical, healthcare, or professional office use.
Private parking is available on site. The property offers access to Route 53 and I-90/I-290 and is near a hospital, restaurants, and other commercial amenities. Its existing clinical layout and additional office areas accommodate medical, healthcare, or professional office use.
Key Highlights
- 4,800‑square‑foot brick building with two levels; built in 1988
- First floor configured with clinical suites, private offices, reception, and waiting areas
- Rear entrance is handicap accessible, with reception access also provided
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,184
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,323,680
$1.3M
Cap Rate 7%
$945,486
$945.5K
Cap Rate 9%
$735,378
$735.4K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$117.5K $24.48/SF
− Vacancy
−$29.3K −$6.10/SF
EGI
$88.2K $18.38/SF
− OpEx
−$22.1K −$4.60/SF
NOI
$66.2K $13.79/SF
Area
Cook County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,323,680
Cap Rate 7%
$945,486
Cap Rate 9%
$735,378
Alternative Uses
Best Use
Office B
$945.5K
$827.3K – $1.10M
NOI $66,184 @ 7.0% cap · market cap 7.80%
Second Best
Healthcare Medical
$908.4K
$794.9K – $1.06M
NOI $63,590 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,005 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60008, IL
22,760
Population
9,282
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,463
Density / Sq Mi
$96,213
Median Household Income
$47,405
Median Earnings
$1,561
Median Rent
$295,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Arlington Park Veterinary Hospital — 2105 Hicks Rd, Rolling Meadows, IL 60008
- Larry Fetzer, DVM — 2105 Hicks Rd, Rolling Meadows, IL 60008
Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical suites, private offices, and reception areas support medical or professional office use.
Where is this medical office space located?
The property is located at 4215 Kirchoff Road Rolling Meadows, IL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 4,800‑square‑foot brick building with two levels; built in 1988; First floor configured with clinical suites, private offices, reception, and waiting areas; Rear entrance is handicap accessible, with reception access also provided
