1835 Rohlwing Rd Rolling Meadows, IL 60008
Property profile & analytics
1835 Rohlwing Rd Rolling Meadows, IL 60008
- Retail space
- 1.74 lot acres
Property ID
US28-1416234
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.
Location Intelligence
Current Use by Public Records
- North Star Medical Weight Management / (Bike/Boat/Book/etc) Store / Pharmacy
- North Shore Realty Team, Inc. / Real Estate Agency
- John OConnell DO / Pediatrician / Physician
- Solutions Technology & Software / Accounting Software Company / Human Resource Consulting
- FedEx Drop Box / Postal Service / Courier Service
Property Details for 1835 Rohlwing Rd
- Year built
- 1979
- Lot size
- 1.74 lot acres
- Property type
- Retail space
- APN
- 02-26-200-007
- APU
- 226200007
Description
This exceptional investment opportunity presents a 103,008-square-foot, single-story office complex in Rolling Meadows, Illinois. Comprising nine buildings on 8.9 acres, this property boasts a 76% occupancy rate and a strong NOI of $762,481, yielding an 8.57% cap rate. Built in 1980 and extensively renovated in 2022, the property features nine one-story buildings with a total of 24 suites. Over $2,000,000 in recent upgrades include new roofs on seven of the nine buildings, landscaping, and a new monument sign. Fifteen suites have been recently remodeled, offering modern and efficient workspaces. The property benefits from a strategic location with excellent access to major highways (IL Rt. 53, I-290, I-90), Metra, O'Hare International Airport, and downtown Chicago. Currently, 24 suites are leased, with six vacant suites ready for immediate occupancy. Significant value-add potential exists through lease-ups and rent escalations. The property also generates billboard income. The asking price is $8,900,000, with a price per square foot of $86.40. Zoned T1, this property offers a compelling blend of current performance and future growth potential, situated near the proposed Arlington Downtown Redevelopment Project and Arlington International Racetrack. Several leases with larger tenants extend to 2028-2033.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,080,000
- ML approach
- $3,100,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rolling Meadows
- County
- Cook
- State
- Illinois
- Longitude
- -88.0286
- Latitude
- 42.0906
- 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
$44,493
$145,936
$435
$146,371
-
$583,744
$1,740
$585,484
