1721 Moon Lake BlvdHoffman Estates, IL 60169

Property Details for 1721 Moon Lake Blvd

Year built

1987

Lot size

7.41 AC

Property type

Office buildings

APN

07-07-400-060

APU

707400060

Description

Poplar Creek Office Plaza, located at 1721 Moon Lake Blvd in Hoffman Estates, IL 60169, offers exceptional medical office space for lease. This eight-story, 326,780 square foot building features a striking three-story atrium and currently has 100,761 square feet of vacant space available, divisible into units as small as 1,303 square feet and up to 81,532 contiguous square feet. The property boasts convenient access to I-90, providing easy commutes to O'Hare Airport and downtown Chicago. Its prime location is directly across from AMITA Health St. Alexius Medical Center, and numerous shopping, dining, and hotel options are nearby. Building amenities include a fitness center with men's and women's locker rooms, a conference room, and a lunchroom. An extensive renovation is underway, and the landlord offers customizable build-outs to meet tenant needs. Model suites are available for immediate occupancy. Ample surface parking is available (400+ spaces). The property is zoned PRD Residential Planned Development in Cook County and features a new building monument sign on Higgins Road with tenant signage opportunities. This thriving medical office community already includes tenants such as Lake County Physical Therapy, Early Autism, Bubbles Pediatrics, and several other established medical practices.

• CAP approach

  CAP return

  Valuation

  6%

  $58,281,760

  6.5%

  $53,798,548

  7%

  $49,955,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,769,654

  Geo Method

  $42,042,096

• Alternative Use

  Use

  Valuation

  Residential

  $66,710,200

  Hospitality

  $61,106,184

  Educational

  $50,839,628

  Medical

  $52,588,080

  Retail

  $79,083,864

Location Insight

City

Hoffman Estates

County

Cook

State

Illinois

Latitude

42.054

Longitude

-88.1349

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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