Office Unit with Open Work
203 S Arlington Heights Road #205, Arlington Heights, IL 60005
For Sale
Contact for pricing
The suite includes a private office and shared kitchen amenities, with HVAC included in the rent.
Property Size1,075 SF
Price / SF$0.02
Days on Market35
Property Features for 203 S Arlington Heights Road #205
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Property Use
Amenities
shared kitchen/conference area
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty
(312) 981-5500
Listed By:
Charles Groebe · License IL #475091121
(708) 205-8703
Source:
Helenoliveri
Added: Oct 6
Changed: Nov 9
Last Checked: Nov 8 at 3:43PM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,075-square-foot office unit has a private office and a large open work area. The building was constructed in 1990 and has undergone renovation and improvements. Shared kitchen and conference amenities serve the office space; the suite also has drive-up parking and accessibility features.
The property is one-half block from the City Town Center, with street access from George Street. The tenant pays for electricity, while HVAC is included in the rent. A common allocation fee applies to the amenities.
The property is one-half block from the City Town Center, with street access from George Street. The tenant pays for electricity, while HVAC is included in the rent. A common allocation fee applies to the amenities.
Key Highlights
- 1,075‑square‑foot office unit with a private office and large open work area
- Shared kitchen and conference amenities
- Drive‑up parking and accessibility features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,164
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,280
$283.3K
Cap Rate 7%
$202,343
$202.3K
Cap Rate 9%
$157,378
$157.4K
Market Conditions
NOI Build-Up for 1,075 SF
Gross rent
$23.6K $21.96/SF
− Vacancy
−$4.7K −$4.39/SF
EGI
$18.9K $17.57/SF
− OpEx
−$4.7K −$4.39/SF
NOI
$14.2K $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%
$283,280
Cap Rate 7%
$202,343
Cap Rate 9%
$157,378
Alternative Uses
Best Use
Office B
$202.3K
$177.1K – $236.1K
NOI $14,164 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.9K
$230.9K – $307.9K
NOI $18,475 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
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 Units in Sangamon County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes a private office and shared kitchen amenities, with HVAC included in the rent.
Where is this office unit located?
The property is located at 203 S Arlington Heights Road #205 Arlington Heights, IL.
What are key features of this property?
This property features: 1,075‑square‑foot office unit with a private office and large open work area; Shared kitchen and conference amenities; Drive‑up parking and accessibility features
