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    605 Algonquin Rd Arlington Heights, IL 60005

    For Lease
    $14 SF/Yr

    Algonquin Road Office Suites - For Sale or Lease

    Lot size:
    31,326 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    The Premier Office Center, located on Algonquin Road in Cook County (APN: 08-15-310-009-0000), presents a unique opportunity for businesses seeking flexible office space. This four-story, multi-tenant building offers a total of 31,326 square feet, encompassing 12 suites. Space is available in various sizes, ranging from small executive offices (as small as 120 sq ft) to larger suites, with a maximum contiguous space of 6,200 square feet and a minimum divisible space of 1,000 square feet. Currently, there are several spaces available for lease, ranging from approximately 2,146 to 6,719 square feet, in addition to smaller individual offices. The building itself is also available for purchase. The property sits on a 72,400 square foot lot and provides ample parking with 98 spaces. Building signage is negotiable. The building offers convenient access to I-90 and boasts high visibility due to its Algonquin Road location. Amenities include daily cleaning service, central heating and air conditioning, and elevators. This property is ideal for medical and professional office users seeking a well-maintained, conveniently located space. The cross street is Gobbert.

    Property Features for 605 Algonquin Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,326 SF
    Total Rate
    36547

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    450
    Size
    3,764 SF
    Rate per SF
    $156
    Space
    2A
    Size
    322 SF
    Rate per SF
    $20
    Space
    200
    Size
    2,146 SF
    Rate per SF
    $14
    Space
    300
    Size
    6,452 SF
    Rate per SF
    $156

    HighLights

    • Multi‑tenant office building with land, totaling 31,326 square feet.
    • Four‑story building with 12 suites, offering spaces from 1,000 to 6,200 contiguous square feet.
    • 98 parking spaces available.
    • Located on Algonquin Road, minutes from I‑90, with excellent visibility.
    • 72,400 square foot lot size in Cook County (APN: 08‑15‑310‑009‑0000).
    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 Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.974691035255
    Latitude
    42.040802632268

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    FAQs

    What type of property is this?
    Land - Algonquin Road Office Suites - For Sale or Lease
    Where is this land located?
    The property is located at 605 Algonquin Rd Arlington Heights, IL.
    What is the lease rate?
    The lease rate is $14-$156 SF/Yr.
    What are key features of this property?
    This property features: Multi-tenant office building with land, totaling 31,326 square feet.; Four-story building with 12 suites, offering spaces from 1,000 to 6,200 contiguous square feet.; 98 parking spaces available.
    Request Owner's contact information
    605 Algonquin Rd Arlington Heights, IL 60005
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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
    605 Algonquin Rd Arlington Heights, IL 60005
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