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Rolling Meadows, located in the heart of the Schaumburg-area submarket, is drawing increased attention in 2025 from office, flex, and light industrial users alike. The city’s position along I-290 and proximity to O’Hare make it a strategic location for users seeking access to labor, transit, and surrounding commercial hubs.

3315 Algonquin Rd – Mid-Rise Office Opportunity

A 7-story office tower totaling 74,191 SF is currently 100% vacant and actively being marketed for lease and sale at $2.75 million. With up to 45,932 SF available across multiple contiguous suites and asking rents at $14.00/SF MG, this building represents one of the largest contiguous blocks of affordable suburban office in the area. Amenities include fully carpeted offices, two elevators, and structured parking. The site spans 3.02 acres with zoning T-1 and is not owner-occupied, making it attractive for investors or users seeking full-building control.

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5350-5360 Keystone Ct – Light Industrial/Flex Conversion Play

Previously a corporate office center, this 60,142 SF facility zoned M-1 offers 13’ clear heights, three drive-ins, and one dock-high door, hinting at potential repositioning toward flex or light industrial users. It sits on 5.74 acres, is 100% vacant, and listed for $3.9 million. The parking ratio (5.15/1,000 SF) and existing office infrastructure make this ideal for conversion into lab, last-mile, or hybrid warehouse/office use.

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1921 Rohlwing Rd – Boutique Flex Office with Portfolio Potential

This 12,456 SF single-story office building is part of a 9-property investment portfolio, offered at $8.9 million total. With only 18% leased and rents set at $16.00/SF MG, this property is ripe for stabilization or redevelopment. Zoned M-1 and offering high parking ratios (8/1,000 SF), it caters well to service-based users or medical office transitions.

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5540 New Wilke Rd – Retail or QSR Site with Drive-Thru

This 2,450 SF free-standing retail building with a drive-thru sits at the signalized intersection of New Wilke and Golf Rd, surrounded by 30,000+ daily vehicles. On 0.59 acres, the site is marketed for $659,900, offering a highly visible outlot for fast casual, coffee, or small-format bank/retail redevelopment. The zoning (C-3) and traffic patterns support national tenant interest.

Investor and Occupier Impacts: A Market in Repositioning Mode

Flexibility for Developers and Value Investors

From mid-rise office to potential last-mile light industrial, Rolling Meadows offers a rare blend of aging inventory, motivated sellers, and flexible zoning. Investors with vision can reposition underperforming assets into more resilient asset classes (e.g., medtail, R&D, flex).

Affordable Office with Suburban Access

For occupiers, Rolling Meadows offers affordability in the $14–$16/SF range—far below neighboring Schaumburg towers. Buildings like 3315 Algonquin Rd offer large, configurable suites that can be made move-in ready for call centers, back offices, or non-profit HQs.

Ready Sites with Embedded Infrastructure

Assets like 5350 Keystone and 1921 Rohlwing offer embedded utility and parking infrastructure that’s hard to replicate today—ideal for owner-users or small-bay redevelopment. These assets can serve suburban expansions for logistics, medtech, or regional service providers.

Talk to Our Local Experts
These are just a few of the many opportunities we track. The most compelling sites are off-market parcels or buildings not yet broadly listed. Contact our team of commercial real estate agents in Rolling Meadows to learn how we help clients lease, buy, or reposition office space and industrial space in Rolling Meadows and beyond.