1845 E Rand Rd — Sale in Arlington Heights, IL
- Price: $135K
- Listing type: For sale
- Asset type: Office
- Location: Arlington Heights, IL 60004
- Size: 1,440 SF
- Year built: 1985
Photos
Investment Figures
- Price per square foot
- $94
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Move-in ready 1,440 SF corner office condo located in the Rand/Olive Professional Suites at the high-profile corner of Rand Road and Olive Street in Arlington Heights. This lower-level corner unit features grade-level windows providing excellent natural light and a recently updated interior with seven rooms, including five private offices, a reception area, kitchenette with porcelain time, built-in podcast studio. wood-look luxury vinyl plank flooring and fresh paint throughout. The professional building offers ample common parking, with building maintenance, lawn care, snow removal, garbage, and parking maintained through the association. Monthly association fees also include water and janitorial service, while the unit owner is responsible for electric. Central heat and air conditioning provide year-round comfort. An excellent opportunity for an owner-user seeking a professional office location with convenient access to Rand Road, shopping, restaurants, hotels, public transportation, and major expressways. Building SF: 1440 | Year Built: 1985 | Listing Type: FOR SALE
Market Context
This office in Arlington Heights, IL is listed for sale at $135,000 across 1,440 SF. The building dates to 1985. Compare it against other office listings for sale in Arlington Heights, IL — view the full market.
As of Q1 2026, the Chicago office market showed a 27.2% vacancy rate, and average asking rents near $45.41/SF/yr. Source: multiple brokerage reports, Q1 2026.
Above-average vacancy gives buyers leverage and a wide set of comparables.
Office market FAQ
- Is the Chicago office market tightening or softening?
- Vacancy is around 27.2% (Q1 2026).
Estimated Price per SF
$37.63/SF – $273.70/SF
Mid: $114.04/SF
Estimated price for 1,440 SF: $164,218 (range $54,187 – $394,128)
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
First seen on CREHunt: Sep 27, 2026
Contact
- David Piotrowski — Keller Williams Realty Partners · +17733494337 · dpiotrowski@kw.com
- David Piotrowski · +17733494337 · dpiotrowski@kw.com
Explore this market
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