Property profile

3701 W Algonquin Rd Rolling Meadows, IL 60008

FOR LEASE
Office buildings
Property ID
US28-5678254
6.24 ac lot Built 1975
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10-story office building, totaling 193,104 square feet, presents a unique opportunity in Rolling Meadows, IL's northwest suburbs. Built in 1980, the property boasts 49,403 square feet of immediately available space, divisible into units as small as 1,295 square feet and up to a contiguous 13,349 square feet. Multiple tenancy options are available to suit various business needs. The building offers convenient access to major transportation arteries, including the I-90/Illinois Route 53 interchange and Algonquin Road, ensuring seamless commutes for employees and clients. Ample parking is provided with 658 spaces. Beyond the functional aspects, tenants enjoy a range of amenities including a spacious conference/training center, a comfortable tenant lounge, and 24-hour electronic building access. The strategic location near Woodfield Mall, diverse restaurants, banking facilities, and hotels adds to the property's appeal. This is an ideal location for businesses seeking a well-maintained, amenity-rich office space in a thriving suburban setting within Cook County. The building's size and flexible space options cater to a wide range of businesses, from small startups to larger corporations. Contact us today to explore the possibilities.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1975
Lot 6.24 ac (271,814 SF)
APN 08-07-204-004
UPID US28-5678254

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Corporate Office
  • Loan Service Bank
  • Physician

Location

3701 W Algonquin Rd Rolling Meadows, IL 60008
Rolling Meadows metro Census 805105 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$525k

Owner & transaction history

since 2005
7 recorded transactions
2023
Price N/A
2010
Price N/A
2005
Price N/A
2005
Price N/A
2005
$7.0M
1999
$6.5M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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