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Adaptable Office Space Available
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155 E Algonquin Road, Arlington Heights, IL 60005

Up to 150,000 SF of adaptable office space for rent.

Space Size23,000 SF - 37,000 SF
Property Size152,000 SF
Days on Market1086

Property Features for 155 E Algonquin Road

General Information

Standard status Active
Size 23,000 SF - 37,000 SF
Class A
Total Parking Spaces 751
Property subtype Office

Building Details

Building Size 152,000 SF
Year Built 1982
Tenancy Multiple

Spaces For Lease

at 155 E Algonquin Road Contact us

1st Floor

Size
23,000 SF
Type
Office
Availability
Active
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2nd Floor

Size
37,000 SF
Type
Office
Availability
Active
Contact us

3rd Floor

Size
36,000 SF
Type
Office
Availability
Active
Contact us

4th Floor

Size
29,000 SF
Type
Office
Availability
Active
Contact us

5th Floor

Size
27,000 SF
Type
Office
Availability
Active
Contact us
Listing Agency: Bradford Allen Realty Services Oak Brook
Listed By: Norm Murdoch · License #IL 475.122018
Source: Crexi
Added: Sep 2, 2023 Changed: Aug 18 Last Checked: Aug 21 at 7:34AM

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 Realty Services Oak Brook

Investment Insights

Based on property information with market context.

Up to 150,000 square feet of adaptable office space is available for rent. The space will be adapted to Class A MOB standards. The property benefits from high visibility, with over 150,000 vehicles passing by daily. It is located just off the Northwest Tollway at the Arlington Heights Road exit and is minutes from O'Hare International Airport.

Key Highlights

  • Up to 150,000 SF available, adaptable to Class A MOB Standard.
  • High visibility from over 150k vehicles per day.
  • Located just off the Northwest Tollway at the Arlington Heights Rd exit.

Property Analytics

Current Use

Office Spaces

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Pharmacy Auto Repair Shop Auto Parts 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

Market

Lease Benchmarks for Arlington Heights, IL

$17.24 /SF/Yr
Avg Asking Price
$6.5–$46.15 /SF/Yr
Price Range
3,704 SF
Avg Space Size

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?
Office space - Up to 150,000 SF of adaptable office space for rent.
Where is this 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: Up to 150,000 SF available, adaptable to Class A MOB Standard.; High visibility from over 150k vehicles per day.; Located just off the Northwest Tollway at the Arlington Heights Rd exit.
(630) 239-4082 Call to check price and availability
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