605 Algonquin Rd Arlington Heights, IL 60005
- Office buildings
- 1.11 lot acres
Current Use by Public Records
- Premiere Dental Center / Medical Center
- Premiere Dental Associates: Sutkowska Bozena DDS / Dentist
- Prospect Licensing & Consulting Inc / License Bureau / Accountant
- Killidar Hala DDS / Dentist
- Heritage Dental Laboratory / Dental Laboratory
Property Details for 605 Algonquin Rd
- Year built
- 1968
- Lot size
- 1.11 lot acres
- Property type
- Office buildings
- APN
- 08-15-310-009
- APU
- 815310009
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $390,000
- 6.5%
- $370,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $460,000
- Retail
- $435,000
- Mixed-Use
- $405,000
- Hospitality
- $380,000
- Educational
- $335,000
- Residential Income
- $360,000
- Energy
- $390,000
- Income-Based Land
- $395,000
- Food Service
- $450,000
Location Insight
- Map
- Local Demand
- City
- Arlington Heights
- County
- Cook
- State
- Illinois
- Longitude
- -87.9748
- Latitude
- 42.0407
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
