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Serene Realty, Inc

info@serenerealtyinc.com +1(312) 650-7940

Listed by Ira Lauterof L & B All Star Realty Advisors LLC

Est. payment | -/mo

116,226 SqFt

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Est. payment | -/mo

Save

116,226 SqFt

Key Details

Property Type Commercial

Sub Type Office/Tech

Listing Status Active

Purchase Type For Sale

Square Footage 116,226 sqft

MLS Listing ID 12537561

Year Built 1983

Annual Tax Amount $604,858

Tax Year 2025

Lot Size 8.080 Acres

Lot Dimensions 631x75x497x701x527

Property Sub-Type Office/Tech

Property Description

Offered here is an office complex investment opportunity located at 1400 S. Wolf Road, Wheeling, Illinois, in the heart of the Chicago's Northwest suburban market. The property is well accessible from interstate I-294 / Tollway or Route 53 via Palatine Road, and located on a highly visible southwest corner of Wolf & Palatine Roads, and adjacent to the Chicago Executive Airport The complex consisting of two buildings, with a total of 116,226 square feet. Built on slab on grade, the campus consists of two buildings which connect to each other. Building 100, consists of approximately 55,268 rentable square feet, and building 200 consists of a total of 57,866 a rentable square feet. The overall total of rentable space consists of 113,134 square feet. The property's site consists of approximately 352,106 square feet of land, rectangular in shape and level grade, with all utilities available. The site zoned as I-1, Light Industrial and Office District. Once stabilized, this asset presents an opportunity to collect strong current cash flow with a potential for future industrial redevelopment. The complex consists of 22 units, and is currently 60% occupied. In addition, FedEx leases 50 parking spaces under longtime terms till August 2031. Leased office space varies from 1,600 sqft to a high of 23,993 sqft. Vacant space ranges from a low of 138 sqft to a high of 6,915 sqft. As stabilize, total projected monthly income is approximately $136,128 / $1,633,536 yr. At fully stabilized tenancy the estimated capitalization rate after general expenses is projected at 10.7%. Appeal of suburban low rise office properties affordable a cost-effective option over mid-rise buildings and are ideal for main or satellite locations away from congested urban areas. In addition, the style of building offers 24/7 access, together with tenant-controlled HVAC, and parking adjacent to entrances. Space options allow tenants to either grow or reduce space as needed. Units can be easily expanded by creating a cased wall opening which keeps tenant improvement costs to a minimum.

Location

State IL

County Cook

Zoning INDUS

Interior

Cooling Central Individual

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Connected

View Y/N true

Building

Foundation Concrete Perimeter, Other

Water Municipal Water

Structure Type Block,Other,Pre-cast,Synthetic Stucco,Glass,Stucco

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Avenue, Suite 102, Chicago, IL 60616, United States

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1400 S Wolf RD Wheeling, IL 60090

Serene Realty, Inc

Key Details

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Interior

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Building

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1400 S Wolf RD

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