$7,500,000

1400 S Wolf Road, Wheeling IL, 60090

Price per sqft$64.53

Built in1983

Property size116,226 sqft

Property typeCommercial

Listed by Ira Lauter with L & B All Star Realty Advisors LLC 312-925-0900

Overview

Active

Listed Dec 28, 2025

Updated Jun 18

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 70% 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. 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.

Additional information

MLS^® ID: 12537561

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 8.08 Acres

Other Property Details

Taxes: $496,712
Tax Frequency: Annually

Listed by Ira Lauter with L & B All Star Realty Advisors LLC 312-925-0900

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Based on information submitted to the MLS GRID for MRED 6/18/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

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