Arlington Heights Office Building
For Sale
Contact for pricing
1500 W Shure Dr, Arlington Heights, IL 60004
Seven-story office building with redevelopment potential in Arlington Heights, Illinois.
Property Size170,507 SF
Lot Size7.25 Acres
Price / SF$22.87
Days on Market640
Property Features for 1500 W Shure Dr
General Information
Standard status
Active
Size
170,507 SF
Class
B
Lot size
7.25 Acres
Property subtype
Office
Zoning
M-1
Occupancy
11%
Building Details
Year Built
1986
Year Renovated
2000
Buildings
1
Stories
7
Tenancy
Multi
Listing Agency:
Transwestern Chicago
Listed By:
Alissa Adler · License #000055930
Source:
Crexi
Added: Nov 19, 2024
Changed: Aug 8
Last Checked: Aug 20 at 4:02PM
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 Transwestern Chicago
Investment Insights
Based on property information with market context.
One North Arlington, located in Arlington Heights, Illinois, is a seven-story office building encompassing 170,507 square feet. Situated on approximately 7.2456 acres, the property is zoned M-1, making it a potential redevelopment site. The building benefits from its location off the Dundee Road and Route 53 interchange, offering visibility and access from Route 53. The property is suitable for owner-occupiers seeking to occupy the entire building or leverage existing rental income. A user could occupy the top five floors, comprising approximately 130,000 contiguous square feet, with operable balconies on the top floor. Arlington Heights is considered a development-friendly municipality. The Northwest market accounted for over half of the office leasing activity in the suburbs for the second quarter.
Key Highlights
- Ideal for redevelopment with M‑1 zoning and development‑friendly Arlington Heights.
- Excellent visibility and access from Route 53 via the Dundee Road interchange.
- Suitable for owner‑occupiers to occupy the entire 170,507 SF building or leverage existing rental income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Explore this area
Business Placement
Demographics for 60004, IL
52,546
Population
21,181
Households
2.5
Avg Household Size
42
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
4,734
Density / Sq Mi
$124,962
Median Household Income
$66,476
Median Earnings
$1,703
Median Rent
$415,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Seven-story office building with redevelopment potential in Arlington Heights, Illinois.
Where is this office building located?
The property is located at 1500 W Shure Dr Arlington Heights, IL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Ideal for redevelopment with M‑1 zoning and development‑friendly Arlington Heights.; Excellent visibility and access from Route 53 via the Dundee Road interchange.; Suitable for owner‑occupiers to occupy the entire 170,507 SF building or leverage existing rental income.
