SQUARE FEET116,226
MLS#12537561
STATUSActive
PROPERTY TYPECommercial - Industrial
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 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.
Property Features
Property Type: Commercial - Industrial
Cooling: Central Individual
Lot Size: 8.08 Acres
Stories: 1.0
Year Built: 1983
Feature Descriptions
Current Use: Commercial
Electric: Circuit Breakers
Exterior: Block, Other, Pre-cast, Synthetic Stucco, Glass, Stucco
Fire Protection: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Smoke or Fire Protectors
Foundation: Concrete Perimeter, Other
HVAC: Central Heat/Indiv Controls
Lot Dimensions: 631x75x497x701x527
Number of Tenant(s): 13
Parcel#: 03232010040000
Parking: Over 100 Spaces
Potential Use: Industrial
Units: 22
Utilities: Electric to Site, Natural Gas Available, Sewer Connected
Listed By / Shown By
Listed By
Agency Name: L & B All Star Realty Advisors LLC
Agency Phone: 312-925-0900
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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1400 S Wolf Road | MLS# 12537561
This commercial property located at 1400 S Wolf Road, Wheeling, IL 60090 is currently listed for sale with an asking price of $7,500,000. Search Wheeling real estate on www.bhhscrosby.com today.