Current Use by Public Records
- Office Spaces
Property Details for 3115-3135 Wilke Rd
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a three-building, single-story medical office complex totaling 41,161 square feet, situated on Wilke Road in Arlington Heights, Illinois, 60004. The property boasts a prime location, one block east of the full Route 53 and Dundee Road interchange, offering excellent visibility and accessibility. Currently 79% occupied, the complex generates over $492,000 in gross annual income from twelve tenants. The existing net operating income (NOI) is $118,137, with a pro-forma NOI projected at $249,000, representing significant upside potential. Approximately 8,625 square feet of vacant space is available, offering flexibility for an owner-user to occupy space and potentially manage or outsource management fees. The property features tenant-controlled HVAC, 24-hour access, high-speed internet and cable availability, operable windows, private restrooms, and a professionally landscaped park-like setting. Building signage is available, and individual units are available for sale or lease, presenting a value-add opportunity for investors. This multi-tenant property is ideal for medical or general office use. The asking price is $2,150,000, translating to $52.23 per square foot.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arlington Heights
- County
- Cook
- State
- Illinois
- Longitude
- -87.9825
- Latitude
- 42.11
