1321 Tower Rd, Schaumburg, IL 60173-4384
This exceptional 5,890-square-foot medical office building in Schaumburg offers a unique leasing opportunity. The space, previously occupied by a liposuction clinic, boasts a complete medical build-out, including five exam rooms with plumbing, a lab area, reception area, private offices, and a kitchen. The property features many recent upgrades and is conveniently located at the southwest corner of Tower Road and Meacham Road, placing it near Woodfield Mall and major transportation arteries like Route 53 and I-90. Tenants enjoy the benefits of tenant-controlled HVAC, 24-hour access, and readily available Comcast high-speed internet and cable. Ample onsite parking is available via an access agreement. The building offers prominent monument signage and additional tenant signage opportunities. The B-2 zoning allows for a variety of uses, including medical practices, personal training studios, general office spaces, showrooms, and medical spas. The entire 5,890 square feet is currently vacant and available for lease. A significant rent reduction has been implemented, with modified gross rent now priced at $18-$20 per square foot. This presents a compelling opportunity for businesses seeking a well-appointed, high-visibility location in a thriving commercial district.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.