Property summary
This exceptional 50,000-square-foot Class B office building, situated at 5005 Newport Dr in Rolling Meadows, IL, presents a significant opportunity. Built in 1976 and renovated in 2020, this six-story structure boasts a 9-foot ceiling height and ample parking with 150 spaces. The property features a single tenant occupancy, with 1,500 square feet currently vacant. Conveniently located at the I-355 and I-90 intersection, this property offers unparalleled access and visibility. The building sits on a 2-acre lot with a 0.55 FAR and is zoned C3. The property includes one building with a traditional office subtype, offering 120/240 power and elevators. Cook County taxes are $4.60 per square foot. The building's amenities include a kitchen and four private offices. A portion of the existing furniture may remain. Additional weekly cleaning and monthly WiFi are available at an extra cost. This property provides 24/7 access. The APN is 08-07-213-009-0000. The building's load factor is 10%.
Property profile
VerifiedCap rate & NOI
Current use
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Freight Service Logistics Company
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Life Coach Branding Agency
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(Bike/Boat/Book/etc) Store Corporate Office
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Dental Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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