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    3315 Algonquin Rd Rolling Meadows, IL 60008

    Sponsored
    For Lease
    $14 SF/Yr

    Class B Medical Office Space Available

    Lot size:
    74,191 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This six-story, 74,191 square foot Class B medical office building, located at 3315 W Algonquin Rd in Rolling Meadows, IL 60008, offers multiple tenancy opportunities. Built in 1975 and renovated in 2008, the property boasts 10 suites, with a minimum divisible space of 607 square feet and a maximum contiguous space of 8,110 square feet. Currently, 26,422 square feet are vacant, presenting significant potential for expansion or new tenants. The building features ample free surface parking (5 spaces per 1000 square feet), elevators, and is conveniently located near the Route 53 and I-90 interchange. Zoned T-1 in Cook County, this property includes pre-wired cable and internet access. Tax, CAM, housekeeping, and utilities (excluding electricity) are included in the lease. Build-to-suit options are available. The property is ideal for medical professionals seeking a well-maintained, conveniently located office space with ample parking.

    Property Features for 3315 Algonquin Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    74,191 SF
    Class
    B
    Total Rate
    86556.17

    Building Details

    Year Built/Renovated
    1975/2008
    Stories
    6

    Unit(s) available at that property

    Space
    Available Suite 340
    Size
    1,960 SF
    Rate per SF
    $14
    Space
    Available Suite 450B
    Size
    2,781 SF
    Rate per SF
    $14
    Space
    Available Suite 600
    Size
    5,720 SF
    Rate per SF
    $14
    Space
    Available Suite 300/310
    Size
    6,556 SF
    Rate per SF
    $14
    Space
    Available Suite 210B
    Size
    2,520 SF
    Rate per SF
    $14
    Space
    Available Suite 202
    Size
    3,400 SF
    Rate per SF
    $14
    Space
    Available Suite 320
    Size
    1,005 SF
    Rate per SF
    $14
    Space
    Available Suite 450
    Size
    1,400 SF
    Rate per SF
    $14
    Space
    Available Suite 205
    Size
    552 SF
    Rate per SF
    $14
    Space
    Available Suite 500
    Size
    8,110 SF
    Rate per SF
    $14
    Space
    Available Suite 100
    Size
    4,045 SF
    Rate per SF
    $14
    Space
    Available Suite 420A
    Size
    2,382 SF
    Rate per SF
    $14
    Space
    Available Suite 110
    Size
    2,272 SF
    Rate per SF
    $14
    Space
    Available Suite 210A
    Size
    3,229 SF
    Rate per SF
    $14

    HighLights

    • 74,191 square foot building.
    • 552 to 8,110 square feet of available space.
    • $14.00 per square foot, modified gross rent.
    • Six‑story building.
    • Fully wired for cable and internet.
    • Excellent location near Route 53 and I‑90.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pentech Pharmaceuticals Pharmaceutical Company Automatic Building Controls Construction Company Ravyoo - Get more ... Software Company 2iAmerica LLC Establishment David W Belconis ... Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rolling Meadows
    County
    Cook
    State
    Illinois
    Longitude
    -88.020028
    Latitude
    42.06031

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    FAQs

    What type of property is this?
    Medical office - Class B Medical Office Space Available
    Where is this medical office located?
    The property is located at 3315 Algonquin Rd Rolling Meadows, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 74,191 square foot building.; 552 to 8,110 square feet of available space.; $14.00 per square foot, modified gross rent.
    Request Owner's contact information
    3315 Algonquin Rd Rolling Meadows, IL 60008
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    Realmo Value Estimation

    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

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    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.

    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
    3315 Algonquin Rd Rolling Meadows, IL 60008
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