Event #260-1
Bidding Format: Sealed Bid
3115 N. Wilke Road
Arlington Heights, IL 60004
Cook County View Map
Commercial Property
16 Nov 5:00 pm CST
Minimum Bid
US $1,098,000
Required bid deposit: US $1,000


The online auction is for a nine (9) unit multi-tenant office building located within the Enterprise Office Center in Arlington Heights, Illinois.

  • Exceptional value-add opportunity for investor to take advantage of the solid greater Chicago office market
  • Ownership in building totals ±20,807 SF – ±80% ownership stake (±5,240 SF unit sold in 2013)
  • Building is currently 32% leased, long-term tenants in-place with annual rental increases
  • Options to renew in-place for the current tenants
  • Solid current cash flow in-place – scheduled 2017 base rent of $116,547
  • See "Master Rental" in Property Documents section below for unit breakdown
  • The single story office campus was built in 1984 and is located off N. Wilke Road, just north of Rand Road and south of the Dundee Road interchange of Route 53. The campus boasts excellent visibility from the highway and is situated close to nearby shopping, restaurants and services along Route 53.

    Select highlights/features of the campus are as follows:

    • Professional park-like setting
    • Excellent parking access
    • 4:1,000 parking ratio

    Downloadable Documents

    Auction Information Property Information Title and Escrow Vault

    Viewing Schedule

    If you would like to visit this property, please complete and submit the

    You will need a registered account and be 'Signed In' to view and complete the document.

    Once you have submitted the agreement, please contact the Property Representative to set up an appointment.


    Union National Bank

    Union National Bank was founded in 1904, and for many years has focused solely on commercial banking in the Chicagoland area. We serve the six-county area by providing direct contact to decision makers and a free Remote Deposit Capture Service. With loan officers that average over fifteen years experience each with us, you can expect a speedy and easy close for your transaction, whether it is a commercial real estate loan, line of credit for working capital, or an equipment loan. Our streamlined approach to banking simplifies the finance process and we can provide you with all your business banking needs.

    Broker of Record for this property: R.C. Wessel & Associates, Ltd., IL license #478.011565

    All information contained on FRE.com and dispensed by the Support Staff, Property Representative and other agents of the Seller is from sources deemed reliable and is not warranted or guaranteed by the Seller, its partners or related companies, LFC Communications, Inc., LFC Marketing Services, Inc., or any of their agents. Buyers shall rely entirely on their own judgment and inspection.

    16 Nov 5:00 pm CST
    Minimum Bid
    US $1,098,000
    Required bid deposit: US $1,000
    BID NOW pop
    Auction ended.
    Bidding Questions or Assistance?
    Auction Manager
    Patrick Kelleher
    LFC Marketing Services
    Phone: (949) 706-6117 Email: pkelleher@lfc.com

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