Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Building Near Hospital Campus Title is generated by Realmo AI

    501 Lark Street, Geneva, IL 60134

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    1.63 acres with medical building near Northwestern Delnor Hospital.

    Type:Land
    Property size:
    1 SF
    Lot size:
    1.63 Acres
    Price / SF:
    $1,500,000/SF
    Added:
    Mar 25, 2026
    Days on Market:
    58
    Last Refresh:
    Mar 18 at 8:26 am

    Property Features for 501 Lark Street

    General Information

    Standard status
    Active
    Size
    1 SF
    Lot size
    1.63 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Tony Gange
    Tony Gange

    Listing agent Tony Gange

    Listing office CBRE | Oak Brook

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Oak Brook

    HighLights

    • Directly across from Northwestern Delnor Hospital Campus at a lighted intersection
    • 1.63 Acres with 2,800 SF Single Story Medical Building
    • Zoned B4 Business District, uses include medical office, storage, and apartments
    • Visibility from Randall Road, a major commercial corridor
    • Ample parking on site
    • Building includes large waiting room/reception area, three exam rooms, rehab room, X‑Ray room, dark room, restrooms, two furnaces and central air conditioning

    Overview

    The property features a 1.63-acre site improved with a 2,800-square-foot single-story medical building constructed in 1976. It is zoned B4 Business District, allowing for medical office, storage, and apartments. The building's layout includes a large waiting room and reception area, three exam rooms, a rehab room, an X-Ray room, a dark room, and restrooms. It is equipped with two furnaces and central air conditioning. Ample parking is available on-site. The property is located directly across from the Northwestern Delnor Hospital Campus at a lighted intersection, just south of the Randall Road and Roosevelt Road (Rt. 38) lighted intersection. It benefits from visibility from Randall Road, a major commercial corridor, and is situated 2 miles from the Geneva Metra Station, which provides daily service to Chicago.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bryce C. Staker, ... Alternative Medicine Practice Staker Chiropractic Life ... Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Kane
    State
    Illinois
    Longitude
    -88.3422279
    Latitude
    41.8828152

    Nearby Similar for Sale

    • $375,000
      3,120 SF

      Geneva Commercial Investment Property

      Three-unit commercial building near downtown Geneva, fully rented and cash-flowing.
      1250 Executive Place, Geneva, IL 60134
      View Details
    • $725,000
      3,300 SF

      Historic Geneva Office Building

      Renovated office building in downtown Geneva with flexible layouts.
      22 W State St, Geneva, IL 60134
      View Details
    • $385,000
      2,000 SF

      Upscale Medical Office Space Available

      Turnkey medical office space with ample parking and natural light.
      1000 Randall Road, Suite 225, Geneva, IL 60134
      View Details
    • $675,000
      29,185 SF

      High-Visibility Commercial Property on Route 38

      Well-maintained commercial property with versatile layout and high accessibility.
      223 East State Street, Geneva, IL 60134
      View Details
    • $199,000

      Land For Sale Geneva, IL

      Unique building site in Geneva, IL, near multiple amenities.
      Averill Circle, Geneva, IL 60134
      View Details
    • $375
      7,550 SF

      Geneva Office Space For Sale

      One-story office building with flexible layout options and planned amenities.
      611 E State Street, Geneva, IL 60134
      View Details
    • $260
      11,440 SF

      Downtown Geneva Economical Office Suites

      Economical office suites in the heart of downtown Geneva.
      324 W State Street, Geneva, IL 60134
      View Details
    • $1,695,000
      37,000 SF

      Industrial Building in Geneva Heart

      37,000 SF industrial building on 2.68 acres for sale.
      411 Union St, Geneva, IL 60134
      View Details
    • $99,900

      Geneva Buildable Vacant Lot

      Buildable lot near schools, Fox River, and amenities.
      Austin Avenue lot: 209, Geneva, IL 60134
      View Details
    • $22
      16,850 SF

      Prime Corner Office/Retail Space

      Prominent corner location with high-end finishes and private parking.
      501 W State St, Suite 101, Geneva, IL 60134
      View Details
    • Contact for pricing
      6,135 SF

      Retail Space on Randall Road

      Retail space in a busy shopping center on Randall Road.
      1770 S Randall Rd, Geneva, IL 60134
      View Details
    • $650,000

      Retail Building Near Hospital Campus

      Two-tenant retail building across from Northwestern Delnor Hospital campus.
      500 Lark St, Geneva, IL
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.63 acres with medical building near Northwestern Delnor Hospital.
    Where is this commercial land located?
    The property is located at 501 Lark Street Geneva, IL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Directly across from Northwestern Delnor Hospital Campus at a lighted intersection; 1.63 Acres with **2,800 SF Single Story Medical Building**; Zoned B4 Business District, uses include medical office, storage, and apartments
    (630) 573-7000
    We can help!
    Listing Contact
    Tony Gange
    Tony Gange
    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

    Thank You for Inquiry
    501 Lark Street, Geneva, IL, 60134
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!