Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    3501 Algonquin Rd Rolling Meadows, IL 60008

    Sponsored
    For Lease
    $4 SF/Yr

    Modern Office Suites, Flexible Sizes

    Lot size:
    208,901 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10-story office building, formerly the PepsiAmericas headquarters, offers 208,901 square feet of versatile space in Rolling Meadows, Illinois. Currently undergoing a dynamic leasing program with below-market rates, the building is approximately 70% leased and features a variety of suite sizes ranging from 72 to 20,686 square feet, accommodating businesses of all scales. The property boasts a prime location in Cook County, within the second largest suburban Chicago office market, exceeding 30 million square feet. Enjoy unparalleled convenience with proximity to Woodfield Mall, Schaumburg Conference Center, major corporate headquarters (Motorola and Sears), Arlington Park Race Course, and the Rosemont Conference Center. The building's strategic location provides easy access to a vibrant array of restaurants, hotels, shopping, and entertainment options, including well-known establishments like Moretti's, Cheesecake Factory, and many more. This Class B building offers multiple tenancy options, making it ideal for a diverse range of businesses. The area's strong economic growth, recently ranked 5th fastest-growing in Illinois by NerdWallet, presents a compelling investment opportunity. This is a unique chance to secure prime office space in a thriving location at highly competitive rates.

    Property Features for 3501 Algonquin Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    208,901 SF
    Class
    B
    Total Rate
    69633.67

    Unit(s) available at that property

    Space
    850
    Size
    5,394 SF
    Rate per SF
    $15
    Space
    230
    Size
    2,506 SF
    Rate per SF
    $15
    Space
    210
    Size
    3,281 SF
    Rate per SF
    $15
    Space
    330
    Size
    2,130 SF
    Rate per SF
    $15
    Space
    608
    Size
    1,406 SF
    Rate per SF
    $15
    Space
    331
    Size
    1,528 SF
    Rate per SF
    $15
    Space
    290F
    Size
    275 SF
    Rate per SF
    $15
    Space
    630
    Size
    2,711 SF
    Rate per SF
    $15
    Space
    800
    Size
    5,753 SF
    Rate per SF
    $15
    Space
    334
    Size
    1,432 SF
    Rate per SF
    $15
    Space
    810
    Size
    5,247 SF
    Rate per SF
    $15
    Space
    336
    Size
    382 SF
    Rate per SF
    $15
    Space
    140
    Size
    1,047 SF
    Rate per SF
    $15
    Space
    860
    Size
    4,903 SF
    Rate per SF
    $15
    Space
    320
    Size
    2,029 SF
    Rate per SF
    $15
    Space
    190
    Size
    3,013 SF
    Rate per SF
    $15
    Space
    290-D
    Size
    358 SF
    Rate per SF
    $15
    Space
    LL-30
    Size
    1,567 SF
    Rate per SF
    $8
    Space
    LL-5
    Size
    4,739 SF
    Rate per SF
    $4
    Space
    ST-1
    Size
    1,216 SF
    Rate per SF
    $8
    Space
    ST-45
    Size
    1,435 SF
    Rate per SF
    $8
    Space
    ST-50
    Size
    306 SF
    Rate per SF
    $8
    Space
    ST-15
    Size
    431 SF
    Rate per SF
    $8
    Space
    ST-35
    Size
    72 SF
    Rate per SF
    $8
    Space
    200
    Size
    3,044 SF
    Rate per SF
    $15
    Space
    210-J
    Size
    234 SF
    Rate per SF
    $15
    Space
    210-K
    Size
    227 SF
    Rate per SF
    $15
    Space
    210-A
    Size
    639 SF
    Rate per SF
    $15
    Space
    210-P
    Size
    181 SF
    Rate per SF
    $15
    Space
    210-O
    Size
    230 SF
    Rate per SF
    $15
    Space
    210-I
    Size
    211 SF
    Rate per SF
    $15
    Space
    210-H
    Size
    187 SF
    Rate per SF
    $15
    Space
    220
    Size
    2,212 SF
    Rate per SF
    $15
    Space
    240
    Size
    2,398 SF
    Rate per SF
    $15
    Space
    290E
    Size
    217 SF
    Rate per SF
    $15
    Space
    320
    Size
    2,029 SF
    Rate per SF
    $15
    Space
    336
    Size
    382 SF
    Rate per SF
    $15
    Space
    500
    Size
    1,094 SF
    Rate per SF
    $15
    Space
    520
    Size
    1,029 SF
    Rate per SF
    $15
    Space
    530
    Size
    773 SF
    Rate per SF
    $15
    Space
    610
    Size
    2,235 SF
    Rate per SF
    $15
    Space
    620
    Size
    1,528 SF
    Rate per SF
    $15
    Space
    7TH FLOOR
    Size
    20,686 SF
    Rate per SF
    $15
    Space
    9th Floor
    Size
    20,686 SF
    Rate per SF
    $15
    Space
    10th Floor
    Size
    19,271 SF
    Rate per SF
    $15
    Space
    310
    Size
    3,327 SF
    Rate per SF
    $15
    Space
    510
    Size
    1,441 SF
    Rate per SF
    $15
    Space
    600
    Size
    2,552 SF
    Rate per SF
    $15
    Space
    680
    Size
    3,126 SF
    Rate per SF
    $15
    Space
    7th Floor
    Size
    20,686 SF
    Rate per SF
    $15

    HighLights

    • 208,901 square foot Class B office building in Cook County, IL.
    • Multiple tenancies available, ranging from 72 to 20,686 square feet.
    • Located in Rolling Meadows, IL, a thriving suburban Chicago market.
    • Building offers Traditional, Executive, Coworking, Medical, and Creative office spaces.
    • Excellent location near major amenities including Woodfield Mall, numerous restaurants, and hotels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Express Employment Professionals Employment Agency IDHS Public Health Department Hcp Financial Financial Consultant Peak Professionals Consultant Integrity In Insurance Association Or Organization

    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
    -88.0245383
    Latitude
    42.059228

    Nearby Similar for Lease

    • Contact for pricing
      74,052 SF

      Renovated Office with On-Site Gym

      Move-in ready office space with advanced A/V and gym.
      3005 Tollview Dr, Rolling Meadows, IL 60008
      View Details
    • Contact for pricing
      74,052 SF

      Professional Office Spaces Available

      Executive office spaces for lease with flexible terms.
      3215 Algonquin Rd, Rolling Meadows, IL 60008
      View Details
    • Contact for pricing
      425 SF

      Meijer In-Store Retail Space

      425 SF Retail Space Available
      1301 Meijer Dr, Rolling Meadows, IL 60008
      View Details
    • Contact for pricing
      64,156 SF

      Rolling Meadows Industrial Space Available

      64,156 SF industrial space in Rolling Meadows for lease.
      3650 Industrial Ave, Rolling Meadows, IL 60008
      View Details
    • $14 SF/Yr
      193,104 SF

      Rolling Meadows Office Space Available

      Prime Office Suites, Northwest Suburbs
      3701 Algonquin Rd, Rolling Meadows, IL 60008
      View Details
    • Contact for pricing
      30,000 SF

      Platinum Office Park: Prime Office Space

      1,851 SF Office, Modern Amenities, Freeway Access
      2260 Hicks Rd, Rolling Meadows, IL 60008
      View Details
    • Contact for pricing
      11,300 SF

      Rolling Meadows Flex Space Available

      Office and flex suites in a business campus setting.
      2100 Golf Rd, Rolling Meadows, IL 60008
      View Details
    • $7 SF/Yr
      50,000 SF

      Rolling Meadows Office Space

      50,000 SF Office Building, I-99/355
      5005 Newport Dr, Rolling Meadows, IL 60008
      View Details
    • $14 SF/Yr
      74,191 SF

      Rolling Meadows Medical Office Building

      Class B Medical Office Space Available
      3315 Algonquin Rd, Rolling Meadows, IL 60008
      View Details
    • $14 SF/Yr
      1,050 SF

      Retail Space on Golf Road

      High-traffic retail space with ample parking and maintained HVAC.
      606-660 Golf Rd, Rolling Meadows, IL 60008
      View Details
    • Contact for pricing
      3,275 SF

      Retail Space in Rolling Meadows

      Retail space with high visibility and strong co-tenants.
      1211-1219 Golf Rd, Rolling Meadows, IL 60008
      View Details
    • $6,500,000
      65,674 SF

      Rolling Meadows Warehouse/Distribution Opportunity

      65,674 SF warehouse/distribution space with excellent access to major highways.
      1125 Carnegie St, Rolling Meadows, IL 60008
      View Details

    FAQs

    What type of property is this?
    Office space - Modern Office Suites, Flexible Sizes
    Where is this office space located?
    The property is located at 3501 Algonquin Rd Rolling Meadows, IL.
    What is the lease rate?
    The lease rate is $4-$15 SF/Yr.
    What are key features of this property?
    This property features: 208,901 square foot Class B office building in Cook County, IL.; Multiple tenancies available, ranging from 72 to 20,686 square feet.; Located in Rolling Meadows, IL, a thriving suburban Chicago market.
    Request Owner's contact information
    3501 Algonquin Rd Rolling Meadows, IL 60008
    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.
    3501 Algonquin Rd
    Rolling Meadows, IL 60008
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3501 Algonquin Rd Rolling Meadows, IL 60008
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.