Renovated Commercial Space For
3419 N Betty Dr, Arlington Heights, IL
Call to check price and availability
Move-in ready, versatile space suitable for medical, office, or commercial use.
Type:OFFICE
Property size:
2,286 SFLot size:
0.46 AcresPrice / SF:
$218/SF- Added:
- Jul 25, 2025
- Days on Market:
- 301
- Last Refresh:
- Apr 5 at 10:48 pm
Property Features for 3419 N Betty Dr
General Information
- Standard status
- Active
- Size
- 2,286 SF
- Lot size
- 0.46 Acres
- Property subtype
- OFFICE
Listing agent Joseph Rossi (312) 953-3553
Listing office Joseph Rossi & Associates, Inc (JRA) - Corporate (312) 953-3553
Listing date Jul 25, 2025
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 Joseph Rossi & Associates, Inc (JRA) - Corporate
HighLights
- Move‑in ready and recently renovated, minimizing upfront costs and downtime.
- High‑visibility location on W Dundee Rd, providing excellent exposure.
- Versatile 2,286 sq. ft. space suitable for medical, office, or general commercial use.
- Dedicated parking for convenient access.
- Prominent signage opportunities to enhance business visibility.
- Ideal turnkey solution for owner‑users or investors.
Overview
This recently renovated property offers 2,286 square feet of versatile space suitable for medical, office, or general commercial use. The property is located on a high-visibility corridor and features prominent signage, providing excellent exposure. It includes dedicated parking and modern updates throughout. This property is a turnkey solution for owner-users or investors.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$334.7K
NOI $30,120 @ 9.00% cap · cautious / downside scenario
Moderate
$430.3K
NOI $30,120 @ 7.00% cap · market / base-case scenario
Aggressive
$602.4K
NOI $30,120 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $21.96 |
| − Vacancy | −$10.0k | −$4.39 |
| EGI | $40.2k | $17.57 |
| − OpEx | −$10.0k | −$4.39 |
| NOI | $30.1k | $13.18 |
2,286 SF · lease $21.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$430.3K
$376.5K – $502.0K
NOI $30,120 @ 7.0% cap · market cap 6.04%
Second Best
Healthcare Medical
$371.7K
$325.3K – $433.7K
NOI $26,022 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$561.3K
$491.1K – $654.8K
NOI $39,288 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Medical Office Space
Map
- City
- Arlington Heights
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6503
- Latitude
- 39.8006
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Move-in ready, versatile space suitable for medical, office, or commercial use.
Where is this medical office space located?
The property is located at 3419 N Betty Dr Arlington Heights, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Move‑in ready and recently renovated, minimizing upfront costs and downtime.; High‑visibility location on W Dundee Rd, providing excellent exposure.; Versatile 2,286 sq. ft. space suitable for medical, office, or general commercial use.
