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    1721 Moon Lake Blvd Hoffman Estates, IL 60169

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    For Lease
    Contact for pricing

    Hoffman Estates medical office space

    Lot size:
    326,780 SF

    Property Features for 1721 Moon Lake Blvd

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    326,780 SF
    Total Rate
    340395.83

    Building Details

    Stories
    8

    Spaces For Lease

    at 1721 Moon Lake Blvd, Hoffman Estates, IL 60169 Contact us
    Unit Suite 210

    $15 /Mo

    Size
    3,983 SF
    Contact us
    Unit Suite 209

    $15 /Mo

    Size
    4,409 SF
    Contact us
    Unit Suite 220

    $15 /Mo

    Size
    1,590 SF
    Contact us
    Unit Suite 300

    $15 /Mo

    Size
    25,868 SF
    Contact us
    Unit Suite 410

    $15 /Mo

    Size
    1,818 SF
    Contact us
    Unit Suite 418

    $15 /Mo

    Size
    1,303 SF
    Contact us
    Unit Suite 420

    $15 /Mo

    Size
    4,500 SF
    Contact us
    Unit Suite 555

    $15 /Mo

    Size
    5,189 SF
    Contact us
    Unit Suite 500

    $15 /Mo

    Size
    27,548 SF
    Contact us
    Unit Suite 545

    $15 /Mo

    Size
    15,488 SF
    Contact us
    Unit Suite 3rd + 4th

    $15 /Mo

    Size
    53,897 SF
    Contact us
    Unit Suite 400-430

    $15 /Mo

    Size
    16,609 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Randy Olczyk

    Listing Agency: Chicagoland Commercial Real Estate Listing Agent: Randy Olczyk

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

    Learn more

    Property Insight Report

    Overview

    Poplar Creek Office Plaza, located at 1721 Moon Lake Blvd in Hoffman Estates, IL 60169, offers exceptional medical office space for lease. This eight-story, 326,780 square foot building features a striking three-story atrium and currently has 100,761 square feet of vacant space available, divisible into units as small as 1,303 square feet and up to 81,532 contiguous square feet. The property boasts convenient access to I-90, providing easy commutes to O'Hare Airport and downtown Chicago. Its prime location is directly across from AMITA Health St. Alexius Medical Center, and numerous shopping, dining, and hotel options are nearby. Building amenities include a fitness center with men's and women's locker rooms, a conference room, and a lunchroom. An extensive renovation is underway, and the landlord offers customizable build-outs to meet tenant needs. Model suites are available for immediate occupancy. Ample surface parking is available (400+ spaces). The property is zoned PRD Residential Planned Development in Cook County and features a new building monument sign on Higgins Road with tenant signage opportunities. This thriving medical office community already includes tenants such as Lake County Physical Therapy, Early Autism, Bubbles Pediatrics, and several other established medical practices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lake County Physical ... Physician Delossantos Renato MD Physician Midwest Center for Women's ... Physician Kathleen Simon, APN, ... Physician M. Susan Scanlon, ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoffman Estates
    County
    Cook
    State
    Illinois
    Longitude
    -88.1347054
    Latitude
    42.0541857

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    FAQs

    What type of property is this?
    Medical Office Space - Hoffman Estates medical office space
    Where is this medical office space located?
    The property is located at 1721 Moon Lake Blvd Hoffman Estates, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 100,761 SF of medical office space available for lease, divisible to 1,303 SF; up to 81,532 SF contiguous.; Convenient access to I-90, O'Hare Airport, and downtown Chicago.; Excellent location near shopping, dining, and hotels; across from AMITA Health St. Alexius Medical Center.
    (847) 338-2022 Call to check price and availability
    Request Owner's contact information
    1721 Moon Lake Blvd Hoffman Estates, IL 60169
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    Hoffman Estates, IL 60169
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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
    1721 Moon Lake Blvd Hoffman Estates, IL 60169
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    Contact for Pricing
    Please call us for current price
    and status of this listing
    Randy Olczyk
    Real Estate License ID: 471018001
    (847) 338-2022 (847) 438-4300 (847) 246-9611
    Learn more
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