1835 Rohlwing Rd Rolling Meadows, IL 60008

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.