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    Elgin, IL
    Medical Premises

    Elgin, IL Medical Office Space for Sale

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    Wauconda, IL Algonquin, IL Bartlett, IL South Elgin, IL Streamwood, IL Carpentersville, IL Saint Charles, IL Barrington Hills, IL
    16 properties
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    Medical/Business Space on Rand Road
    Updated: May 17, 2023
    Medical/Business Space on Rand Road

    280 N Rand Road, Lake Zurich, IL 60047

    $850,000
    5,000 sqft
    Prime location with frontage on Rand Rd (Rte 22).
    Plumbed and wired for medical/dental practice (north half).
    Two tenant spaces (north and south) for medical, dental, tech, or office use.
    Ample parking for clients, employees, and patients.
    Near Good Shepherd Hospital, Lake Zurich Commercial Corridor, Barrington and Kildeer.
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    This listing looks promising.

    Here's a quick look at some key insights for

    280 N Rand Road, Lake Zurich, IL 60047

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    • Est. Cap Rate

      8.1%
      Above avg (5.9%)

    • Est. NOI

      $69K
      Annual

    • Price @ 7% Cap

      $985K
      Above asking

    • Last Sold

      Feb 1995
      $500K
    View Property Analytics
    Ground-Floor Office Units
    Updated: Apr 6
    Ground-Floor Office Units

    2000 Larkin Avenue, Elgin, IL 60123

    $150,000
    Ground‑floor condominium office offering with 2 units
    Combined layout includes 11 rooms
    Units can remain together or function as 2 separate offices
    Existing dental and general office configurations
    Central air conditioning and carpeted flooring
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    Ground-Floor Medical Office Suite
    Ground-Floor Medical Office Suite

    2000 Larkin Avenue, Elgin, IL 60123

    $50,000

    Multi-room condominium office with storage, central air, and association-maintained exterior areas.

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    Medical Office Space with Rand Road Frontage
    Medical Office Space with Rand Road Frontage

    280 N Rand Road, Lake Zurich, IL 60047

    $850,000

    Connected clinical and office suites provide adaptable rooms, reception areas, restrooms, and ample parking for patients, staff, and clients.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Ground-Floor Office Units
    Ground-Floor Office Units

    2000 Larkin Avenue 102-103, Elgin, IL 60123

    $150,000
    1,495 sqft

    Two condominium offices offer flexible room layouts, natural light, and shared exterior maintenance services.

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    Ground-Floor Office Units
    Ground-Floor Office Units

    2000 Larkin Avenue #102-103, Elgin, IL 60123

    $150,000
    1,495 sqft

    Two condominium offices offer flexible configurations, natural light, and shared responsibility for water, sewer, and exterior maintenance.

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    Ground-Floor Medical Office Suite
    Ground-Floor Medical Office Suite

    2000 Larkin Ave Unit 103, Elgin, IL 60123

    $50,000
    1,495 sqft

    Five-room suite with storage, natural light, and association-covered water, sewer, and exterior maintenance.

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    Two-Building Medical Office Property
    Two-Building Medical Office Property

    990-1000 Grand Canyon Pkwy., Hoffman Estates, IL 60169

    Contact for pricing
    53,173 sqft 3.12 AC lot

    General and medical office buildings totaling 53,173 square feet sit on 3.12 acres with a 4.41/1,000 parking ratio.

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    Renovated Medical Condo Suite
    Renovated Medical Condo Suite

    1585 Barrington Rd Suite 206, Hoffman Estates, IL 60169

    Contact for pricing
    1,667 sqft

    Second-floor medical condo with built-out exam rooms, wet lab, private offices, and two waiting areas.

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    Medical Flex Building
    Medical Flex Building

    1550-58 Todd Farm Drive, Elgin, IL 60123

    Contact for pricing
    26,346 sqft

    Built-out medical suites combine with showroom, offices, and warehouse space.

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    Two-Unit Medical Office
    Two-Unit Medical Office

    602 Fox Glen Ct, Barrington, IL 60010

    Contact for pricing
    2,100 sqft

    B1-PUD-zoned space includes treatment rooms, waiting areas, and support areas across two levels.

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    Dental Office Condo For Sale
    Dental Office Condo For Sale

    1585 Barrington Road, Suite 301, Hoffman Estates, IL 60169

    $395,000

    Fully built-out dental office condo in Hoffman Estates, Illinois.

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    Medical Office Space with Parking
    Medical Office Space with Parking

    990 & 1000 Grand Canyon Pkwy, Hoffman Estates, IL 60169

    Contact for pricing
    53,173 sqft

    Two-building medical office property with built-out suites, ongoing improvements, and convenient expressway access.

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    Medical Office Suite with Exam Rooms
    Medical Office Suite with Exam Rooms

    5 Executive Ct, South Barrington, IL 60010

    Contact for pricing

    ADA-compliant healthcare workspace includes reception, private offices, and a kitchenette.

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    Two-Story Medical Office Building and Retail Outlot
    Two-Story Medical Office Building and Retail Outlot

    1530 N Randall Rd, Elgin, IL 60123

    Contact for pricing
    19,034 sqft 3.77 AC lot

    Two-story medical office on 3.77 acres with a potential retail outlot at a signalized intersection.

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    Medical Office Condo
    Medical Office Condo

    10 Executive Ct, South Barrington, IL 60010

    Contact for pricing

    Commercial condominium configured for dental use with private offices, treatment areas, reception, waiting space, and kitchenette.

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    Based on your search, we've compiled 26 Potential Opportunities for your consideration. Besides 16 Active listings in Elgin, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Tenant Office Building
    Three-Tenant Office Building

    840 W Bartlett Rd, Bartlett, IL 60103

    $855,000
    5,100 sqft

    Fully occupied professional office property with dedicated suite entrances, prominent road signage, and private off-street parking.

    View details
    Three-Level Mixed-Use Commercial Building
    Three-Level Mixed-Use Commercial Building

    111 W Railroad Avenue, Bartlett, IL 60103

    $420,000
    0.12 AC lot

    Professional office space, a tenant-occupied lower level, and a detached garage support varied commercial use.

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    Former Dental Studio For Sale
    Former Dental Studio For Sale

    181-185 N Barrington Rd, Schaumburg, IL 60194

    Contact for pricing
    7,000 sqft

    Former dental studio with 6 plumbed spaces in Schaumburg, IL.

    View details
    Medical Office Building with Signage
    Medical Office Building with Signage

    129 S Roselle Rd, Schaumburg, IL 60193

    Contact for pricing

    Owner-user medical office property with prominent Roselle Road signage and ample on-site parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Triangular Corner Commercial Land
    Triangular Corner Commercial Land

    Huntley Road lot: 009, Carpentersville, IL 60110

    $550,000
    2.41 AC lot

    Corner parcel near the Randall Road corridor, positioned across from Liberty Elementary School.

    View details
    Commercial Land with Existing Curb Cut
    Commercial Land with Existing Curb Cut

    6850 Huntley Road, Carpentersville, IL 60110

    $550,000
    2.38 AC lot

    Development parcel near the Randall Road corridor with direct Huntley Road frontage and established retail surroundings.

    View details
    Corner Development Site For Sale
    Corner Development Site For Sale

    IL - 62 Algonquin Rd., Barrington Hills, IL 60010

    Contact for pricing

    Prime corner development site with high traffic counts.

    View details
    Westmont Commercial Land For Sale
    Westmont Commercial Land For Sale

    3920 N CASS Avenue, Westmont, IL 60559

    $399,500
    0.17 AC lot

    Vacant lot suitable for commercial or residential development.

    View details

    Off-Market Properties in Elgin, IL

    Consider similar Off-Market properties in Elgin, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    551-589 Wing St
    Medical Office Space

    551-589 Wing St, Elgin, IL 60123

    Value Estimation by Request
    61,724 sqft
    View details
    1590 Weatherstone Ln
    Medical Office Space

    1590 Weatherstone Ln, Elgin, IL 60123

    Value Estimation by Request
    1,000 sqft
    View details

    Elgin, IL Medical Office Space Market Trends and Statistics

    Explore 18 medical office space for sale in Elgin, IL, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 164,978 square feet of properties for sale, with an estimated market value of $2,645,000.

    Sale prices for medical spaces in Elgin, IL start at $50,000, averaging $330,625, and reaching up to $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 65
    Medical Office Space 33
    Office buildings 23
    Coworking space 1
    Creative space 1

    Demographics Overview

    Population 124K
    Population Growth (5Y) +2.9%
    Median Household Income $93,679
    College Educated 31.3%

    High-Yield Neighborhoods for Investment

    Identify Elgin submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60123 $83.3K

    Taxes & Financing

    Tax Rate (average for all types) 9.70%
    Property Tax per SF $55.97 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Elgin fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Elgin, IL

    • 60123
    • 60169
    • 60047
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