115 Wilke RdArlington Heights, IL 60005

Property Details for 115 Wilke Rd

Year built

1971

Lot size

1.06 AC

Property type

Retail space

Property subtype

Storefront properties

APN

03-31-100-056

APU

331100056

Description

This exceptional three-building office park in Arlington Heights offers a diverse range of office spaces, perfect for businesses of all sizes. Currently, fifteen suites are available, ranging from 128 to 3,031 square feet, catering to various needs. The property boasts a Class B rating and a total of 25,914 square feet. Tenancy is multiple, allowing for a flexible and collaborative environment. The park provides abundant on-site parking for tenants' convenience, along with valuable on-site storage. Building maintenance is simplified with included janitorial services and HVAC. Further enhancing tenant experience are readily available conference rooms and vending services. The location is strategically advantageous, served by Pace Bus #696 and within a mile of two Metra train stations, offering excellent public transportation access. Nearby amenities include Northwest Community Hospital (one mile south), Cook County Circuit Court District 3 (half a mile northwest), Arlington Racecourse (half a mile away), downtown Arlington Heights (one mile east), and Arlington Lake Golf Club (one mile away). The property enjoys high visibility with a daily traffic count of 32,000 cars. This prime location and comprehensive amenities make this office park an ideal choice for businesses seeking a productive and well-connected workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $12,255,778

  6.5%

  $11,313,026

  7%

  $10,504,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,813,083

  Geo Method

  $15,155,692

• Alternative Use

  Use

  Valuation

  Residential

  $9,542,960

  Hospitality

  $8,741,300

  Educational

  $7,272,660

  Medical

  $7,522,777

  Retail

  $11,313,026

Location Insight

City

Arlington Heights

County

Cook

State

Illinois

Latitude

42.0812

Longitude

-88.0043

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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