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Office Condo with Podcast Studio
New
For Sale
$135,000

1845 E Rand Road, Arlington Heights, IL 60004

Commercial Sale, Arlington Heights, IL

Property Size1,440 SF
Lot Size2.30 Acres
Price / SF$93.75
Days on Market3

Property Features for 1845 E Rand Road

General Information

Property type Commercial Sale
Property subtype Office
Zoning OFFIC
Directions On Rand Road. North of Euclid. SW Corner of Rand Rd and Olive.
Subdivision Arlington Heights
Standard status Active
APN 03213020281001
Lot size 2.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1647

Utilities

Cooling system Central Air

Building Details

Year built 1984
Floors in Building 2
Flooring type Vinyl
Building materials Brick
Listing Agency: Keller Williams ONEChicago · Keller Williams Realty
Listed By: David Piotrowski · License #475155906
Added: Sep 24 Last Checked: Sep 26 at 7:06PM
MLS# 12768955

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,440-square-foot office condo occupies a lower-level corner position and has grade-level windows. Its seven-room layout includes five private offices, a reception area, a kitchenette, and a built-in podcast studio. The interior has wood-look luxury vinyl plank flooring and fresh paint. Central heat and air conditioning serve the unit; the building was constructed of brick in 1984.

The property is at Rand Road and Olive Street in Arlington Heights, with access to nearby shopping, restaurants, hotels, public transportation, and major expressways. Common parking is provided. The association handles building maintenance, lawn care, snow removal, garbage, and parking, and its fees include water and janitorial service. The unit owner pays for electricity.

Key Highlights

  • 1,440 SF office condo with a seven‑room layout
  • Five private offices, reception area, kitchenette, and built‑in podcast studio
  • Lower‑level corner unit with grade‑level windows

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Law Firm Spa & Massage Center Hair Salon Auto Parts Store Restaurant Skin Care Clinic

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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

990
Businesses Nearby

Demographics for 60004, IL

52,546
Population
21,181
Households
2.5
Avg Household Size
42
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
4,734
Density / Sq Mi
$124,962
Median Household Income
$66,476
Median Earnings
$1,703
Median Rent
$415,100
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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Seven-room layout includes private offices, reception space, a kitchenette, and a built-in podcast studio.
Where is this office units located?
The property is located at 1845 E Rand Road Arlington Heights, IL.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 1,440 SF office condo with a seven‑room layout; Five private offices, reception area, kitchenette, and built‑in podcast studio; Lower‑level corner unit with grade‑level windows
More about this property
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