O’Hare Office Building Priced Below Replacement Cost

Near Landmeier and Higgins, this 34,106 square foot multi-tenant office building is priced below replacement cost. The three story office building is currently 84% occupied, with available suites ranging from 535 to 1,449 square feet; many of the tenants are long-term occupants.

Many of the tenants are on substantially below market rents. Several of the tenants are third-party logistics companies, drawn to this property for its proximity to their distribution centers. The office is on a 2.5 acre site, providing ample parking for tenants as well as ample room for redevelopment. The site can potentially be redeveloped for industrial or commercial use. This value-add property is a great opportunity to redevelop or reposition a building in the desirable O’Hare submarket.

 

Due to its proximity to the northwest corner of O’Hare and its western entrance, this commercial area features a mix of office buildings and industrial properties, such as distribution centers and flex buildings. Close to I-90, this is a great location for many businesses looking for office or industrial space in the northwest suburbs.