1400 S Wolf Rd, Building 500
Owner-User or Redevelopment Near Chicago Executive Airport
Marketing description
Colliers as the Exclusive Agent for the Seller is pleased to present this investment sale opportunity for 1400 Wolf Road, Building 500, Wheeling, Illinois (the “Property”). Nestled in the heart of Chicago’s North Submarket, the Property is highly accessible from I-294/Tri-State Tollway as well as Route 53 via Palatine Road. The Property is located on the Southwest corner of Wolf and Palatine Road across from the Chicago Executive Airport which was founded in 1926 and operates 24/7 year-round creating ease of travel for corporate and private planes and economic development for the community.
The Property is currently fully furnished and owned by a charitable organization and therefore is not subject to taxation. This presents a unique opportunity for other charitable organizations to step in immediately and continue the tax-exempt status. For other types of owner-occupiers or investors, the Property offers a well-located, move-in ready facility surrounded by a strong labor pool. The Property also lends itself to industrial re-development or light assembly.
Investment highlights
Occupiers can take advantage of financial benefits of ownership versus leasing
I-1 zoning offers opportunity for highly coveted industrial development
Transit-oriented location created a perfect option for tenants looking to draw from Chicago metro
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