1300 E Central Rd Arlington Heights, IL
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Multi-tenant medical office building for redevelopment on 1.77 acres.
Type:OFFICE
Property size:
16,425 SFLot size:
1.15 AcresPrice / SF:
$62/SF- Added:
- Oct 8, 2024
- Days on Market:
- 577
- Last Refresh:
- Apr 5 at 9:30 pm
Property Features for 1300 E Central Rd
General Information
- Standard status
- Active
- Size
- 16,425 SF
- Lot size
- 1.15 Acres
- Property subtype
- OFFICE
Listing agent Jordan Shtulman
Listing office STREAM Capital Partners (312) 899-6664
Listing date Oct 8, 2024
Source Moodyscre
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 STREAM Capital Partners
HighLights
- Redevelopment opportunity on a 1.77‑acre corner lot at a signalized intersection.
- Low basis of $63 PSF at the asking price.
- Zoning (B‑4) allows for diverse reuse options like retail, office, or medical.
- Located in affluent Arlington Heights with high average household incomes.
- Potential for increased value due to the Chicago Bears' proposed stadium and entertainment district.
- Existing 16,425 SF multi‑tenant medical office building with a usable basement.
Overview
Arlington Heights Redevelopment Opportunity
This multi-tenant medical office building presents a redevelopment opportunity at the signalized hard corner of Central Rd. & Arthur Ave. in Arlington Heights, IL. The property has 16,425 square feet across two main floors and a usable basement, situated on a 1.77-acre lot. Zoned B-4, the property allows for various reuse options, including retail stores, convenience stores, banks, medical offices, and general offices. The location is in Arlington Heights, an affluent northwest Chicago suburban community with average household incomes of $113,000 within a 3-mile radius. The Chicago Bears have purchased the Arlington Heights racetrack and are proposing a new stadium and entertainment district on the site.
Location Intelligence
Current Use by Public Records
Medical Office Space
Map
- City
- Arlington Heights
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6503
- Latitude
- 39.8006
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FAQs
What type of property is this?
Medical Office Space - Multi-tenant medical office building for redevelopment on 1.77 acres.
Where is this medical office space located?
The property is located at 1300 E Central Rd Arlington Heights, IL.
What is the asking price?
The asking price for this property is $1,033,769.
What are key features of this property?
This property features: Redevelopment opportunity on a 1.77‑acre corner lot at a signalized intersection.; Low basis of $63 PSF at the asking price.; Zoning (B‑4) allows for diverse reuse options like retail, office, or medical.
