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    5 East College Dr Arlington Hts, IL 60004

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    For Sale
    $1,600,000

    15,000 SF office building with high occupancy near Chicago.

    Property size:
    15,000 SF

    Property Features for 5 East College Dr

    General Information

    Size
    15,000 SF

    Building Details

    Year built
    1979

    Source: Ronald Weissenhofer Agent Ronald Weissenhofer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Arlington Heights Office Building Investment

    This 15,000 SF office building, constructed in 1979, is located in the Chicago area and contains 20 units. The property's M-1 zoning allows for varied office uses. The building features a multi-story atrium and offers high-speed internet access. Tenant-controlled HVAC and 24-hour access are available. The property benefits from ample parking and proximity to hotels and restaurants. It provides convenient access to Route 53 and I-294. The building has a 99.4% occupancy rate, indicating strong tenant demand and a stable income stream. The location offers convenient access to major transportation routes. The Arlington Heights downtown area, dining options, and entertainment destinations are nearby. The area has a strong local economy and job market. The landlord occupies part of the building, positioning it as a prime opportunity for office building investment.
    Location Intelligence

    Current Use by Public Records

    V Z & Y ... Home Health Care Service Compass, Inc. Human Resource Consulting ACLAT, Inc. Human Resource Consulting Total Security Group, ... Security System Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arlington Hts
    County
    Cook
    State
    Illinois
    Longitude
    -87.9827011
    Latitude
    42.1301242

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    FAQs

    What type of property is this?
    Office building - 15,000 SF office building with high occupancy near Chicago.
    Where is this office building located?
    The property is located at 5 East College Dr Arlington Hts, IL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - High occupancy rate: 99.4% occupancy demonstrates strong tenant demand.; - Prime location: Convenient access to Route 53 and I-294.; - M-1 zoning: Provides flexibility for a variety of office uses.
    (630) 712-2573
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 East College Dr Arlington Hts, IL 60004
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