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2000 McDonald Rd 32,415 SF 100% Leased Office Building South Elgin, IL 60177 $12,200,000 ($376.37/SF) 6.93% Cap Rate
Investment Highlights
- Unique opportunity to acquire a first-class 97% occupied mixed use Medical and Business office property.
- The building is located directly across from the South Elgin & Countryside Fire Protection District Fire and EMS Station
- This professionally managed building has all the physical and locational attributes needed for long term and renewed occupancy success
- The entire first floor is occupied by an Internationally recognized Early Learning and Child Care Center.
- This property is surrounded by residential, including Robin Glen, Thornwood, Sugar Ridge, River Ridge, The Springs at South Elgin and more!
- Financials available upon receipt of signed CA
Executive Summary
The Medical & Legal Arts Building in South Elgin, Illinois, is a multitenant medical and professional building which provides a unique opportunity for an investor to purchase a long-term, in-place income stream.
The Class A medical office building has strong medical & professional tenancies, including a 15 year lease with a national well-capitalized daycare occupying the first floor of the building.
First-class 97% occupied mixed use Medical and Business office property. The tenant base contains credit solid local and nationally recognized businesses.
Newly paved ample parking areas, tasteful fully irrigated landscaping, brick enclosed waste receptacle areas, upgraded fire alarm and computerized HVAC systems with M-13 filtration, are just some of the hallmarks of this rarely available property.
The building is located directly across from the South Elgin & Countryside Fire Protection District Fire and EMS Station, and within site of the North South Corridor for retail on Randall Road.
The Class A medical office building has strong medical & professional tenancies, including a 15 year lease with a national well-capitalized daycare occupying the first floor of the building.
First-class 97% occupied mixed use Medical and Business office property. The tenant base contains credit solid local and nationally recognized businesses.
Newly paved ample parking areas, tasteful fully irrigated landscaping, brick enclosed waste receptacle areas, upgraded fire alarm and computerized HVAC systems with M-13 filtration, are just some of the hallmarks of this rarely available property.
The building is located directly across from the South Elgin & Countryside Fire Protection District Fire and EMS Station, and within site of the North South Corridor for retail on Randall Road.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
32,415 SF
Building Class
B
Year Built
2007
Price
$12,200,000
Price Per SF
$376.37
Cap Rate
6.93%
NOI
$845,935
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,207 SF
Slab To Slab
10’
Building FAR
0.23
Lot Size
3.18 AC
Parking
252 Spaces (7.77 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
1,523 SF, directly off elevator! Move-in ready, efficient medical suite with 3 exam rooms, office, waiting & reception, and in-suite restroom. Can also be combined with adjacent Suite 270 for 3,313 SF.
1,790 SF, ready for custom build out, either office or medical. See sample spec layout. Can also be combined with adjacent Suite 260 for 3,313 SF.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 260 | 1,523 SF | Office/Medical | Full Build-Out | Sep 2026 |
| 2nd Fl-Ste 270 | 1,790 SF | Office/Medical | Shell Space | 30 Days |
2nd Fl-Ste 260
| Size |
| 1,523 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Sep 2026 |
2nd Fl-Ste 270
| Size |
| 1,790 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Shell Space |
| Available |
| 30 Days |
2nd Fl-Ste 260
| Size | 1,523 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Sep 2026 |
1,523 SF, directly off elevator! Move-in ready, efficient medical suite with 3 exam rooms, office, waiting & reception, and in-suite restroom. Can also be combined with adjacent Suite 270 for 3,313 SF.
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Map
2nd Fl-Ste 270
| Size | 1,790 SF |
| Space Use | Office/Medical |
| Build-Out | Shell Space |
| Available | 30 Days |
1,790 SF, ready for custom build out, either office or medical. See sample spec layout. Can also be combined with adjacent Suite 260 for 3,313 SF.
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06-32-400-024 | Improvements Assessment | $996,812 |
| Land Assessment | $443,044 | Total Assessment | $1,439,856 |
Property Taxes
Parcel Number
06-32-400-024
Land Assessment
$443,044
Improvements Assessment
$996,812
Total Assessment
$1,439,856
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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