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Class A Medical Office Space
For Lease
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155 E Algonquin Road, Arlington Heights, IL 60005

Adaptable medical office space with high visibility and convenient location.

Space Size23,000 SF - 37,000 SF
Property Size152,000 SF
Days on Market248

Property Features for 155 E Algonquin Road

General Information

Standard status Active
Size 23,000 SF - 37,000 SF
Class A
Property subtype Office

Building Details

Building Size 152,000 SF
Year Built 1982

Spaces For Lease

at 155 E Algonquin Road Contact us

Fifth Floor

Size 27,000 SF
Term Negotiable
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Contact us

First Floor

Size 23,000 SF
Term Negotiable
Rate Contact for pricing
Contact us

Fourth Floor

Size 29,000 SF
Term Negotiable
Rate Contact for pricing
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Second Floor

Size 37,000 SF
Term Negotiable
Rate Contact for pricing
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Third Floor

Size 36,000 SF
Term Negotiable
Rate Contact for pricing
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Listing Agency: Bradford Allen - Corporate
Listed By: Joel Berger
Source: Tcnworldwide
Added: Jan 27 Changed: Oct 1 Last Checked: Oct 1 at 9:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bradford Allen - Corporate

Investment Insights

Based on property information with market context.

Available for lease is up to 150,000 square feet of space, adaptable to Class A Medical Office Building standards. The property benefits from high visibility, with over 150,000 vehicles passing by daily. Its location provides convenient access, situated just off the Northwest Tollway at the Arlington Heights Road exit and within minutes of O'Hare International Airport.

Key Highlights

  • High visibility location with over 150,000 vehicles passing daily.
  • Up to 150,000 SF of available space.
  • To be adapted to Class A MOB (Medical Office Building) Standard.

Property Analytics

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Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Storage Facility Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,285
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60005, IL

30,221
Population
13,511
Households
2.2
Avg Household Size
43
Median Age
57%
College-Educated
94%
High-School Grad
6.6 sq mi
ZIP Area
4,579
Density / Sq Mi
$100,304
Median Household Income
$62,323
Median Earnings
$1,621
Median Rent
$376,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Adaptable medical office space with high visibility and convenient location.
Where is this medical office space located?
The property is located at 155 E Algonquin Road Arlington Heights, IL.
What are key features of this property?
This property features: High visibility location with over 150,000 vehicles passing daily.; Up to 150,000 SF of available space.; To be adapted to Class A MOB (Medical Office Building) Standard.
More about this property
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