1835 Rohlwing Rd, Rolling Meadows, IL 60008
- Retail space
- 1.74 lot acres
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
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 5, 2021 | $3,100,000 | Aop Partners LLC | Chicago Title Land Trust Company | Deed | $3.8M · Grand Ridge National Bank |
| Nov 22, 2017 | — | Trust 1107798 | — | Loan Modification · related | $3.7M · Mb Fin'l Bk |
| Dec 30, 1999 | $7,500,000 | Chicago Title Land Trust Co Tt | Arlington Office LLC | Grant Deed | $4M · American Chartered Bank |
| Dec 31, 1998 | — | Arlington Office LLC | Lasalle Nat'l Bank Chgo Ttee | Grant Deed | $10.8M · First Bank & Trust Illinois |
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
-
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
