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    3315 Algonquin Rd Rolling Meadows, IL 60008

    Sponsored
    For Sale
    $4,250,000

    Multi-Tenant Office Building, 77,866 RSF

    Property size:
    87,023 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional six-story office building, situated at 3315 W Algonquin Rd in Rolling Meadows, IL 60008, presents a compelling investment opportunity. Boasting a total of 87,023 square feet, with 77,866 square feet of net rentable space, this multi-tenant property is ideally suited for both traditional office users and medical practices. Originally constructed in 1975 and extensively renovated in 2001, the building benefits from abundant natural light thanks to its extensive window line. The property is conveniently located in a prime Chicago suburb, offering easy access to major highways including I-90 and I-290, ensuring convenient commutes for tenants and employees. The building is pre-wired for cable and internet, providing modern connectivity. The surrounding area demonstrates a strong demographic profile, with an average household income exceeding $115,000 within a 5-mile radius and a population exceeding 285,000. The property is zoned C-3, allowing for a variety of commercial uses. Offered at $4,250,000, this property represents a significant opportunity in a thriving market. The building's size, location, and amenities make it an attractive option for both owner-occupiers and investors seeking a stable, high-performing asset. This is a rare opportunity to acquire a well-maintained, strategically located office building in a high-demand area.

    Property Features for 3315 Algonquin Rd

    General Information

    Property type
    Medical offices
    Square Feet
    87,023 SF

    Building Details

    Year Built/Renovated
    1975/2001
    Stories
    6

    HighLights

    • Six‑story office building totaling 87,023 square feet with 77,866 square feet of net rentable area in Rolling Meadows, IL.
    • Multi‑tenant property suitable for office and medical uses, renovated in 2001.
    • Prime Chicago suburban location with easy access to I‑90 and I‑290.
    • Modern amenities including abundant natural light and pre‑wired internet/cable.
    • Strong demographics: Average household income over $115,000 within 5 miles, population exceeding 285,000.
    • C‑3 zoning allows for diverse commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pentech Pharmaceuticals Pharmaceutical Company Automatic Building Controls Construction Company Ravyoo - Get more ... Software Company 2iAmerica LLC Establishment David W Belconis ... Attorney

    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
    -88.0200193
    Latitude
    42.060367

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Medical office - Multi-Tenant Office Building, 77,866 RSF
    Where is this medical office located?
    The property is located at 3315 Algonquin Rd Rolling Meadows, IL.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Six-story office building totaling 87,023 square feet with 77,866 square feet of net rentable area in Rolling Meadows, IL.; Multi-tenant property suitable for office and medical uses, renovated in 2001.; Prime Chicago suburban location with easy access to I-90 and I-290.
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    3315 Algonquin Rd 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

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    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
    3315 Algonquin Rd Rolling Meadows, IL 60008
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