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    2164 Bloomingdale Rd Glendale Heights, IL 60139

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    For Lease
    Contact for pricing

    Prime Medical Office Suites Available

    Lot size:
    120,565 SF

    Property Features for 2164 Bloomingdale Rd

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    120,565 SF
    Total Rate
    160753.33

    Spaces For Lease

    at 2164 Bloomingdale Rd, Glendale Heights, IL 60139 Contact us
    Unit Suite 2172

    $21 /Mo

    Size
    2,080 SF
    Contact us
    Unit Suite 2174

    $19 /Mo

    Size
    2,400 SF
    Contact us
    Unit Suite 2178

    $19 /Mo

    Size
    1,206 SF
    Contact us
    Unit Suite 2180

    $19 /Mo

    Size
    1,226 SF
    Contact us
    Unit Suite 2182

    $21 /Mo

    Size
    800 SF
    Contact us
    Unit Suite 2184A

    $18 /Mo

    Size
    2,357 SF
    Contact us
    Unit Suite 2188

    $19 /Mo

    Size
    1,600 SF
    Contact us
    Unit Suite 2202

    $18 /Mo

    Size
    3,500 SF
    Contact us
    Unit Suite 2202B

    $18 /Mo

    Size
    1,750 SF
    Contact us
    Unit Suite 2212

    $18 /Mo

    Size
    3,200 SF
    Contact us
    Unit Suite 2222

    $19 /Mo

    Size
    1,600 SF
    Contact us
    Unit Suite 2240

    $16 /Mo

    Size
    17,564 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Brad Belden
    Brad Belden

    Listing Agency: Colliers - Rosemont, Illinois Listing Agent: Brad Belden

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Westlake Plaza in Glendale Heights, Illinois, offers a unique opportunity for medical office tenants. This multi-tenant property, located at 2164-2240 Bloomingdale Road, boasts 120,565 square feet of space, with 39,283 square feet currently vacant. Individual suites range from a minimum of 800 square feet to a maximum contiguous space of 17,564 square feet, catering to various practice sizes. The property is zoned C-2 and situated in DuPage County (zip code 60139), at the high-traffic intersection of Bloomingdale Road and Army Trail Road, just west of I-355. This strategic location benefits from significant daily traffic counts (28,400 vehicles on Bloomingdale Road and 44,600 on Army Trail Road), providing excellent visibility and accessibility. The area's demographics are highly favorable, with a 5-mile radius encompassing 268,652 residents and an average household income of $142,000. Ample parking is available for tenants and their patients. Property taxes are $3.15 per square foot. The property is part of a vibrant retail center, anchored by national retailers such as Jewel-Osco, Chase, O'Reilly Auto Parts, FedEx, and Great Clips, ensuring a strong and established commercial environment. This is an exceptional opportunity to establish or expand a medical practice in a thriving and affluent community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx OnSite Postal Service Primo Water Refill ... Big Box & Wholesale Store Huntington Bank Bank Joseph Nguyen Pharmacy Huntington Bank ATM ... Atm

    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
    Glendale Heights
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0819847
    Latitude
    41.9382475

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    FAQs

    What type of property is this?
    Medical Office Space - Prime Medical Office Suites Available
    Where is this medical office space located?
    The property is located at 2164 Bloomingdale Rd Glendale Heights, IL.
    What is the lease rate?
    The lease rate is $16-$21 SF/Yr.
    What are key features of this property?
    This property features: High-traffic corner location at Bloomingdale and Army Trail Roads (73,000 vehicles per day).; 120,565 square feet of gross leasable area.; 17,564 square foot second-generation restaurant/bar/club space with beer garden.
    (847) 698-8232 Call to check price and availability
    Request Owner's contact information
    2164 Bloomingdale Rd Glendale Heights, IL 60139
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    Glendale Heights, IL 60139
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    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
    2164 Bloomingdale Rd Glendale Heights, IL 60139
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brad Belden
    Brad Belden
    Real Estate License ID: 471018723
    (847) 698-8232 (773) 531-6886 (847) 698-8444
    Learn more
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