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    115 Wilke Rd Arlington Heights, IL 60005

    For Lease
    $12 SF/Yr

    15 Suites, 128-3031 sq ft, Cook County

    Lot size:
    25,914 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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.

    Property Features for 115 Wilke Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,914 SF
    Class
    B
    Total Rate
    26993.75

    Unit(s) available at that property

    Space
    100
    Size
    1,103 SF
    Rate per SF
    $12
    Space
    202
    Size
    468 SF
    Rate per SF
    $16
    Space
    203
    Size
    332 SF
    Rate per SF
    $16
    Space
    205
    Size
    956 SF
    Rate per SF
    $16
    Space
    315
    Size
    690 SF
    Rate per SF
    $16
    Space
    101A
    Size
    128 SF
    Rate per SF
    $15
    Space
    104
    Size
    605 SF
    Rate per SF
    $15
    Space
    105
    Size
    2,218 SF
    Rate per SF
    $15
    Space
    106
    Size
    1,685 SF
    Rate per SF
    $15
    Space
    200
    Size
    1,912 SF
    Rate per SF
    $15
    Space
    204
    Size
    1,523 SF
    Rate per SF
    $15
    Space
    207C
    Size
    537 SF
    Rate per SF
    $15
    Space
    300
    Size
    2,020 SF
    Rate per SF
    $15
    Space
    335
    Size
    3,031 SF
    Rate per SF
    $15
    Space
    325
    Size
    871 SF
    Rate per SF
    $15

    HighLights

    • 25,914 square foot Class B office building in Cook County.
    • Multiple tenancies available, ranging from 128 to 3,031 square feet (15 spaces total).
    • Amenities include abundant parking, on‑site storage, janitorial services, HVAC, conference rooms, and vending.
    • Convenient location near public transportation (Pace Bus #696, two Metra stations within 1 mile), Northwest Community Hospital, Cook County Circuit Court, Arlington Racecourse, and downtown Arlington Heights.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Office of Louis ... Tax Preparation Service AH Family Dentistry Dentist Dr. Robert A. Rein, ... Dentist Counseling Center of Illinois Counselor Chicago Counseling EMDR ... Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington Heights
    County
    Cook
    State
    Illinois
    Longitude
    -88.0044297
    Latitude
    42.0812141

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    FAQs

    What type of property is this?
    Office space - 15 Suites, 128-3031 sq ft, Cook County
    Where is this office space located?
    The property is located at 115 Wilke Rd Arlington Heights, IL.
    What is the lease rate?
    The lease rate is $12-$16 SF/Yr.
    What are key features of this property?
    This property features: 25,914 square foot Class B office building in Cook County.; Multiple tenancies available, ranging from 128 to 3,031 square feet (15 spaces total).; Amenities include abundant parking, on-site storage, janitorial services, HVAC, conference rooms, and vending.
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    Arlington Heights, 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
    115 Wilke Rd Arlington Heights, IL 60005
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