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    5400 Newport Dr Rolling Meadows, IL 60008

    Sponsored
    For Lease
    Contact for pricing

    Prime Office & Warehouse Space Available

    Lot size:
    157,167 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,626 square foot single-tenant space is located at 5400 Newport Drive, Unit 9, in Rolling Meadows, Illinois, within Cook County. The property is part of a larger building totaling 157,167 square feet, offering ample space and potential for expansion. The unit itself is classified as both executive office and warehouse space, making it ideal for a variety of businesses requiring both office functionality and storage capabilities. The high ceilings, measuring 12 feet, provide excellent vertical space for storage or creative office layouts. The unit is equipped with robust 100 Amp/3-phase power, ensuring sufficient electrical capacity for modern business operations. Its location in Rolling Meadows, Illinois, offers easy access to major transportation routes and amenities, making it a highly desirable location for businesses seeking a strategic presence in the area. The property is currently vacant and ready for immediate occupancy. The zip code is 60008. This is a single-tenant occupancy property. The property type is classified as Office and Industrial.

    Property Features for 5400 Newport Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    157,167 SF

    Unit(s) available at that property

    Space
    Unit 9
    Size
    2,626 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Critical HVAC Systems, ... Hvac Contractor Espresso Partners Corporate Office Platinum Pest Solutions ... Pest Control Service ChromaSpec Systems Warehouse Fyl Designs LLC Graphic Designer

    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
    -88.0168935
    Latitude
    42.0566232

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    FAQs

    What type of property is this?
    Distribution property - Prime Office & Warehouse Space Available
    Where is this distribution property located?
    The property is located at 5400 Newport Dr Rolling Meadows, IL.
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    5400 Newport Dr 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

    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.

    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
    5400 Newport Dr Rolling Meadows, IL 60008
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