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Listing provided courtesy of Coldwell Banker RealtyMREDas Distributed by MLSGrid- MLS# 12645116MLS Provider

605 E Algonquin RoadArlington Heights, IL 60005

Commercial · 31,326 Sq. ft. | 1.56 Acres
$2,595,000 Active

605 E Algonquin Road Overview

Time on Site:
34 days
Visits:
0

The Premier Office Center building is a multi-tenant, 4 story, medical, and professional office building with a variety of office suites available including small - single executive office suites, regular office suites and a tenant that occupies a full floor. HVAC system replaced in 2025. Parking lot seal-coated and striped in 2025. Ample parking on site. Building signage available. Conveniently located minutes from I-90 and highly visible directly on Algonquin Road. Many long term tenants provide stable cashflow!

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605 E Algonquin Road Facts & Features

  • Type Commercial
  • Sq. ft. 31,326
  • Price/Sq.ft. $83
  • Lot 1.56 Acres

Details

General

Income/Expenses

  • Existing Lease Type: N/A
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1971

Business Information

  • Current Use: Office,Medical/Dental

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Arlington Heights

Rent/Lease Information

  • Tenant Pays: Common Area Maintenance, Electricity, Tax Stops, Other, Varies by Tenant

Tax Information

  • Tax Annual Amount: $137,343.90
  • Tax Year: 2024

General Information

  • Parcel Number: 08153100090000
  • Possible Use: Office
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 31326

General Information

  • Cooling: Central Individual, Zoned
  • Electric: Service - 101 to 200 Amps
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 2146
  • Stories: 4

Unit Information

  • Unit SqFt.: 0

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Acres: 1.56
  • Lot Size Dimensions: PER SURVEY
  • Lot Size Square Feet: 67953

Building Exterior/Construction

  • Construction Materials: Brick

605 E Algonquin Road Neighborhood

Community

60005 (Arlington Heights) Demographics

43
Median Age
4,411
Population Density (per sq. mile)
61%
College Educated
$87,749
Estimated Median Income
7,896
Estimated Total Home Owners
4,365
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

605 E Algonquin Road Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

605 E Algonquin Road Market Data

Based on the last 30 days in this zip code

$563,243
Average List Price
$302
Average Price per Square Foot
37
Properties Sold
28
Average Days on Market
81
Properties for Sale
Calculations provided by Reliance Network

605 E Algonquin Road History

Date Event Value Agent
6/1/2026Source: MRED Status Change
Active
5/27/2026Source: MRED Added to Database
May 27, 2026
9/23/2025Source: MRED Status Change
Active
9/18/2025Source: MRED Added to Database
September 18, 2025