1400 S Wolf Rd, Wheeling, IL

Name: 1400 S Wolf Rd, For Sale in Wheeling - eXp Realty
Brand: L & B All Star Realty Advisors LLC
SKU: 12537561
Price: 7500000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$7,500,000

000

MLS® 12537561

Key Facts
Description
Map

Key Facts

Type Office

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $496,712

Days Active 0

Approx. Age 1983

MLS® Number 12537561

Property Address: 1400 S Wolf Rd, Wheeling, IL, 60090-6573

Average square foot calculated using Size range provided by listing agent.

Description

L&B All Star Realty Advisors is pleased to offer 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 compass 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 70% occupied. In addition, FedEx leases 50 parking spaces under longtime terms till August 2031. Leased office space varies from 1600 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. Estimated capitalization rate after general expenses is projected at 12.1%. 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.

MLS® Number12537561

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1983

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Dec 29, 2025List Date

$7,500,000List Price

Commute

Commute

Starting Address

Destination Address

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