155 Algonquin RdArlington Heights, IL 60005

Property Details for 155 Algonquin Rd

Year built

1980

Lot size

4.27 AC

Property type

Office buildings

APN

08-16-401-033

APU

816401033

Description

155 East Algonquin Road in Arlington Heights, Illinois, offers a unique opportunity for businesses seeking executive office space. This Class B building, totaling 152,000 square feet, is currently fully vacant and available for lease. Built in 1982, the property is situated in Cook County and boasts a prime location with exceptional visibility from I-90 (Jane Addams Tollway), experiencing traffic of over 150,000 vehicles daily. The building is strategically positioned to serve tenants and clients in Chicago's northwest suburbs and the broader metropolitan area. The property features five total suites, with spaces ranging from a minimum of 10,000 square feet to a maximum contiguous space of 37,000 square feet. This presents a flexible leasing option for businesses of various sizes. Furthermore, 155 East Algonquin Road is part of a planned 18-acre mixed-use development, which will eventually include up to 600 residential units, further enhancing the area's appeal and potential for growth. The building's prominent location and proximity to major transportation routes make it an ideal choice for businesses seeking high visibility and convenient access. The property's address is 155 E Algonquin Rd, Arlington Heights, IL 60005.

• CAP approach

  CAP return

  Valuation

  6%

  $33,584,688

  6.5%

  $31,001,250

  7%

  $28,786,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,883,414

  Geo Method

  $24,226,630

• Alternative Use

  Use

  Valuation

  Residential

  $38,441,552

  Hospitality

  $35,212,256

  Educational

  $29,296,182

  Medical

  $30,303,722

  Retail

  $45,571,840

Location Insight

City

Arlington Heights

County

Cook

State

Illinois

Latitude

42.0406

Longitude

-87.9803

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].