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    605 E Algonquin Rd Arlington Hts, IL 60005

    For Lease
    $14 SF/Yr

    Multi-tenant office building with suites available for lease.

    Property Features for 605 E Algonquin Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    1969

    Source: COLDWELL BANKER REALTY Agent BRUCE HELLER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Professional Office Space Available

    The Premier Office Center is a four-story multi-tenant building designed for medical and professional offices. Suite 200 offers 2,146 square feet with a reception area, five offices, and a conference room. A kitchenette can be installed. The suite will be freshly painted and have new carpeting installed for the incoming tenant. An additional 1,473 square foot space is available, featuring three offices, a kitchen, and an open workspace. The building provides and covers the costs for heat and central air conditioning. Ample parking is available on-site, and the parking lot is scheduled to receive new asphalt and restriping in July 2025. Building signage is negotiable. The property is conveniently located minutes from I-90 and offers high visibility directly on Algonquin Road. These office spaces are presented as attractive and inexpensive options for the market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Premiere Dental Center Medical Center Premiere Dental Associates: ... Dentist Prospect Licensing & Consulting ... License Bureau Killidar Hala DDS Dentist Heritage Dental Laboratory Dental Laboratory

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arlington Hts
    County
    Cook
    State
    Illinois
    Longitude
    -87.9747803
    Latitude
    42.0406066

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    FAQs

    What type of property is this?
    Office space - Multi-tenant office building with suites available for lease.
    Where is this office space located?
    The property is located at 605 E Algonquin Rd Arlington Hts, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible location directly on Algonquin Road, minutes from I-90.; - Heat and central A/C provided and paid for by the building.; - Suite 200: 2,146 SF space with reception, 5 offices, and conference room; new paint and carpeting.
    (312) 266-7000
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    605 E Algonquin Rd Arlington Hts, IL 60005
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    605 E Algonquin Rd Arlington Hts, IL 60005
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