Professional Office
For Sale
$1,700,000
895 S State St S, Hampshire, IL 60140
Flexible office configuration supports occupancy of the full space or an individual room.
Property Size10,387 SF
Price / SF$163.67
Days on Market188
Property Features for 895 S State St S
General Information
Standard status
Active
Size
10,387 SF
Building Details
Year Built
1998
Listing Agency:
RE/MAX Deal Makers
Listed By:
Bruce Burklow · License #471018907
(847) 514-3992
Source:
Realtopiare
Added: Apr 11
Changed: Sep 14
Last Checked: Oct 7 at 2:16PM
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 RE/MAX Deal Makers
Investment Insights
Based on property information with market context.
Professional office property at 895 S State Street, Building B, in Hampshire, Illinois. The space can accommodate a full-space user or be divided for individual room occupancy, providing flexibility for office users with different requirements.
The center is situated among businesses identified as medical, musical, and dental users, adding an established professional-services context to the property.
The center is situated among businesses identified as medical, musical, and dental users, adding an established professional-services context to the property.
Key Highlights
- Office property at 895 S State Street, Building B, Hampshire, IL 60140
- Available for occupancy as a full space or individual room
- Professional center with medical, musical, and dental businesses among neighboring users
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,220
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,864,400
$2.9M
Cap Rate 7%
$2,046,000
$2.0M
Cap Rate 9%
$1,591,333
$1.6M
Market Conditions
NOI Build-Up for 10,387 SF
Gross rent
$254.3K $24.48/SF
− Vacancy
−$63.3K −$6.10/SF
EGI
$191.0K $18.38/SF
− OpEx
−$47.7K −$4.60/SF
NOI
$143.2K $13.79/SF
Area
Kane 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%
$2,864,400
Cap Rate 7%
$2,046,000
Cap Rate 9%
$1,591,333
Alternative Uses
Best Use
Office B
$2.05M
$1.79M – $2.39M
NOI $143,220 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.59M
$3.14M – $4.18M
NOI $251,031 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 60140, IL
21,902
Population
7,325
Households
3
Avg Household Size
37
Median Age
38%
College-Educated
93%
High-School Grad
81.0 sq mi
ZIP Area
270
Density / Sq Mi
$114,675
Median Household Income
$58,111
Median Earnings
$1,379
Median Rent
$316,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Flexible office configuration supports occupancy of the full space or an individual room.
Where is this office units located?
The property is located at 895 S State St S Hampshire, IL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Office property at 895 S State Street, Building B, Hampshire, IL 60140; Available for occupancy as a full space or individual room; Professional center with medical, musical, and dental businesses among neighboring users
