Two-Story Office
1204 E Central Road, Arlington Heights, IL 60005
For Sale
$675,000
Separate tax identifiers for each level allow portions to be considered for individual sale.
Property Size3,600 SF
Price / SF$187.50
Days on Market196
Property Features for 1204 E Central Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Construction
Tenancy
Listing Agency:
Baird & Warner
Listed By:
Vincent Dante
(847) 392-1855
Source:
Gogginrealestate
Added: Apr 28
Changed: Nov 7
Last Checked: Nov 8 at 8:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,600-SF brick office property has two levels of roughly 1,800 SF apiece. The first floor received a complete remodel in 2008 and includes built-in cabinetry, granite counters, CAT5 wiring, premium carpeting, and a full kitchen with cooktop, refrigerator, microwave, dishwasher, and trash compactor. The appliances are included. A 600-SF tenant occupies part of the upper level on a month-to-month basis; the building may also be used in its entirety. Each floor has a separate tax identification number, allowing for consideration of individual sales. Zoning is COMMR.
At the northeast corner of E. Central Rd. and S. Cleveland Ave., the property has a monument sign facing Central Rd. and parking for 12 vehicles. The building was constructed in 1976.
At the northeast corner of E. Central Rd. and S. Cleveland Ave., the property has a monument sign facing Central Rd. and parking for 12 vehicles. The building was constructed in 1976.
Key Highlights
- 3,600 SF across two floors of roughly 1,800 SF each
- 600 SF second‑floor tenant on a month‑to‑month arrangement
- First floor remodeled in 2008 with built‑ins, granite counters, and CAT5 wiring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,434
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,680
$948.7K
Cap Rate 7%
$677,629
$677.6K
Cap Rate 9%
$527,044
$527.0K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$79.1K $21.96/SF
− Vacancy
−$15.8K −$4.39/SF
EGI
$63.2K $17.57/SF
− OpEx
−$15.8K −$4.39/SF
NOI
$47.4K $13.18/SF
Area
Springfield, IL
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,680
Cap Rate 7%
$677,629
Cap Rate 9%
$527,044
Alternative Uses
Best Use
Office B
$677.6K
$592.9K – $790.6K
NOI $47,434 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$883.9K
$773.4K – $1.03M
NOI $61,871 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,285
Businesses Nearby
Explore this area
Business Placement
Demographics for 60005, IL
30,221
Population
13,511
Households
2.2
Avg Household Size
43
Median Age
57%
College-Educated
94%
High-School Grad
6.6 sq mi
ZIP Area
4,579
Density / Sq Mi
$100,304
Median Household Income
$62,323
Median Earnings
$1,621
Median Rent
$376,200
Median Home Value
Market
Properties on Market for Office buildings in Sangamon County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Separate tax identifiers for each level allow portions to be considered for individual sale.
Where is this office building located?
The property is located at 1204 E Central Road Arlington Heights, IL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,600 SF across two floors of roughly 1,800 SF each; 600 SF second‑floor tenant on a month‑to‑month arrangement; First floor remodeled in 2008 with built‑ins, granite counters, and CAT5 wiring
