855 E Golf Rd — Sale in Arlington Heights, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Office
- Location: Arlington Heights, IL 60005
- Year built: 1985
Photos
Description
Marcus & Millichap is pleased to present 855 E Golf Road, a well-occupied office investment opportunity for qualified investors. This well-maintained, 22,500-square-foot office property is strategically positioned along the highly traveled Golf Road corridor, just minutes from O’Hare International Airport and major expressways. The property is currently 95.6 percent occupied by 31 tenants representing a diverse mix of healthcare, insurance, and financial service businesses. A shared 375-square-foot conference room provides an attractive on-site amenity that supports tenant retention and enhances leasing appeal. Tenant stability remains strong, with long-standing occupancy reflective of consistent demand for small-suite office space in the market. The current rent roll presents a near-term value-add opportunity through leasing the remaining vacancy, rental rate growth, and negotiation of longer-term lease renewals to extend the weighted average lease term and increase cash flow stability. Situated on 1.75 acres with Golf Road frontage, the property enjoys exceptional visibility to approximately 27,400 vehicles per day. The asset offers investors an opportunity to acquire a stabilized, multi-tenant office property with immediate income and upside in a highly accessible suburban location. Investment Highlights: • 22,500 Square Foot Well-Maintained Office Property on 1.75 Acres in an Established Suburban Corridor • 95.6 Percent Leased Multi-Tenant Office with 30 Tenants, Offering Diversified Income and Strong In-Place Cash Flow • Near-Term Value-Add through Leasing Vacancy, Marking Rents to Market, and Extending Lease Terms • Diversified Tenant Mix with Micro-Suites Driving Small-User Demand and Occupancy • High-Visibility, Asset on Golf Road with Exposure to Approximately 27,400 Vehicles per Day
Market Context
This office in Arlington Heights, IL is listed for sale. 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
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Benjamin Kimmel · (630) 570-2187 · ben.kimmel@marcusmillichap.com
Explore this market
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