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    3501 Algonquin Rd Rolling Meadows, IL 60008

    • Commercial real estate
    • 0.50 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US28-2323758
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

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

    Property Details for 3501 Algonquin Rd

    Year built
    1984
    Lot size
    0.50 lot acres
    Property type
    Commercial real estate
    APN
    08-07-402-009
    APU
    807402009

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rolling Meadows
    County
    Cook
    State
    Illinois
    Longitude
    -88.0241
    Latitude
    42.0579
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $23,944
    $81,675
    $269
    $81,944
    -
    $326,700
    $1,076
    $327,776

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      3975 Algonquin Rd

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    • Value Estimation by Request
      0.23 Acres

      4801 Emerson Ave

      COMMERCIAL (GENERAL) • 0.23 Acres
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    • Value Estimation by Request
      3.08 Acres

      10 Gould Dr

      COMMERCIAL (GENERAL) • 3.08 Acres
      10 Gould Dr, Rolling Meadows, IL 60008
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    • Value Estimation
      $635,000
      0.18 Acres

      2905 Algonquin Rd

      COMMERCIAL (GENERAL) • 0.18 Acres
      2905 Algonquin Rd, Rolling Meadows, IL 60008-3809
      View Details
    • Value Estimation
      $300,000
      1.88 Acres

      5301 Keystone Ct

      COMMERCIAL (GENERAL) • 1.88 Acres
      5301 Keystone Ct, Rolling Meadows, IL 60008-3811
      View Details
    • Value Estimation
      $465,000
      3.30 Acres

      5550 Meadowbrook Ct

      COMMERCIAL (GENERAL) • 3.30 Acres
      5550 Meadowbrook Ct, Rolling Meadows, IL 60008
      View Details

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    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

    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
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