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Investment Highlights
- Convenient access to I-294, Route 53, and Palatine Road.
- Situated on approximately 3.02 acres within WiFi Corporate Center.
- I-1 zoning supports office and industrial-oriented uses.
- Multiple entrances and extensive surface parking support operational flexibility.
Executive Summary
1400 S. Wolf Road, Building 500 presents an opportunity to acquire a single-story office property in the established WiFi Corporate Center in Wheeling, Illinois. Situated on approximately 3.02 acres with frontage along major arterial roadways, the property offers convenient access to I-294, Route 53, Palatine Road, and the broader Chicago metropolitan area. Its location directly across from Chicago Executive Airport further enhances regional accessibility for businesses requiring efficient connectivity.
The property was historically utilized as a corporate headquarters facility and features an existing office layout with furnished workspaces, perimeter offices, conference rooms, collaborative areas, and a cafeteria. The single-story design provides operational efficiency and flexibility for a variety of owner-user, institutional, or redevelopment strategies. Multiple building entrances, substantial surface parking, and established infrastructure support a broad range of occupancy needs.
A distinguishing attribute of the asset is its I-1 Light Industrial and Office zoning designation. The zoning, combined with the property's location within an industrial-oriented business park, creates optionality for future users and investors seeking office occupancy, adaptive reuse, or redevelopment potential. The surrounding area benefits from a diverse mix of office, industrial, retail, hospitality, and residential uses, contributing to a stable business environment and workforce accessibility.
The combination of an existing headquarters-quality facility, strong transportation access, airport proximity, and flexible zoning positions the property as a compelling acquisition opportunity for buyers seeking immediate occupancy, long-term value creation, or future redevelopment potential in Chicago's Northwest suburban market.
The property was historically utilized as a corporate headquarters facility and features an existing office layout with furnished workspaces, perimeter offices, conference rooms, collaborative areas, and a cafeteria. The single-story design provides operational efficiency and flexibility for a variety of owner-user, institutional, or redevelopment strategies. Multiple building entrances, substantial surface parking, and established infrastructure support a broad range of occupancy needs.
A distinguishing attribute of the asset is its I-1 Light Industrial and Office zoning designation. The zoning, combined with the property's location within an industrial-oriented business park, creates optionality for future users and investors seeking office occupancy, adaptive reuse, or redevelopment potential. The surrounding area benefits from a diverse mix of office, industrial, retail, hospitality, and residential uses, contributing to a stable business environment and workforce accessibility.
The combination of an existing headquarters-quality facility, strong transportation access, airport proximity, and flexible zoning positions the property as a compelling acquisition opportunity for buyers seeking immediate occupancy, long-term value creation, or future redevelopment potential in Chicago's Northwest suburban market.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
43,269 SF
Building Class
B
Year Built/Renovated
1986/2003
Tenancy
Single
Building Height
1 Story
Typical Floor Size
43,269 SF
Building FAR
0.33
Lot Size
3.02 AC
Zoning
I-1 Town of Wheeling - I-1 Town of Wheeling
Parking
157 Spaces (3.63 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03-23-201-005-0000 | Improvements Assessment | $1,442,556 |
| Land Assessment | $888,584 | Total Assessment | $2,331,140 |
Property Taxes
Parcel Number
03-23-201-005-0000
Land Assessment
$888,584
Improvements Assessment
$1,442,556
Total Assessment
$2,331,140
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