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155 Algonquin Rd Arlington Heights, IL 60005

For Lease
$30 SF/Yr

Class B Office Space, 10,000-37,000 SF

Lot size:
152,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
368
155 East Algonquin Road in Arlington Heights, Illinois, offers a unique opportunity for businesses seeking executive office space. This Class B building, totaling 152,000 square feet, is currently fully vacant and available for lease. Built in 1982, the property is situated in Cook County and boasts a prime location with exceptional visibility from I-90 (Jane Addams Tollway), experiencing traffic of over 150,000 vehicles daily. The building is strategically positioned to serve tenants and clients in Chicago's northwest suburbs and the broader metropolitan area. The property features five total suites, with spaces ranging from a minimum of 10,000 square feet to a maximum contiguous space of 37,000 square feet. This presents a flexible leasing option for businesses of various sizes. Furthermore, 155 East Algonquin Road is part of a planned 18-acre mixed-use development, which will eventually include up to 600 residential units, further enhancing the area's appeal and potential for growth. The building's prominent location and proximity to major transportation routes make it an ideal choice for businesses seeking high visibility and convenient access. The property's address is 155 E Algonquin Rd, Arlington Heights, IL 60005.

Property Features for 155 Algonquin Rd

General Information

Property type
Office Properties & Spaces
Lease Type
Gross Lease
RSF (Rentable sq. ft)
152,000 SF
Class
B
Total Rate
380000

Building Details

Year Built
1982

Unit(s) available at that property

Space
1st Floor
Size
23,000 SF
Rate per SF
$30
Space
2nd Floor
Size
37,000 SF
Rate per SF
$30
Space
3rd Floor
Size
36,000 SF
Rate per SF
$30
Space
4th Floor
Size
29,000 SF
Rate per SF
$30
Space
5th Floor
Size
27,000 SF
Rate per SF
$30

HighLights

  • Ample covered parking with direct building access in a new parking structure.
  • Dedicated covered drop‑off/pick‑up area at the building lobby.
  • On‑site tenant and visitor food service with adjacent lounge.
  • Modern, fully renovated interior.
  • Refreshed exterior preserving the building's unique architectural character.
  • New MEP systems meeting Class A standards.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Reflejos Publications Publisher ArlingtonMed Commercial Real Estate Agency

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Arlington Heights
County
Cook
State
Illinois
Longitude
-87.9802091
Latitude
42.0404183

FAQs

What type of property is this?
Office Property / Space - Class B Office Space, 10,000-37,000 SF
Where is this office property / space located?
The property is located at 155 Algonquin Rd Arlington Heights, IL.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Ample covered parking with direct building access in a new parking structure.; Dedicated covered drop-off/pick-up area at the building lobby.; On-site tenant and visitor food service with adjacent lounge.
More about this property
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