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1500 W Shure Dr Arlington Heights, IL 60004

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Seven-story office building with redevelopment potential in Arlington Heights, Illinois.

Type:Office
Property size:
170,507 SF
Lot size:
7.25 Acres
Added:
Nov 19, 2024
Days on Market:
503
Last Refresh:
Mar 17 at 1:13 pm

Property Features for 1500 W Shure Dr

General Information

Standard status
Active
Size
170,507 SF
Lot size
7.25 Acres
Property subtype
Office

Building Details

Year Built
1986

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Listing Contact
Alissa Adler

Listing agent Alissa Adler License #IL 000055930

Listing office Colliers - Rosemont, Illinois

Listing date Nov 19, 2024

Source Crexi

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 Colliers - Rosemont, Illinois


Overview

Arlington Heights Office Building Opportunity

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.
Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Arlington Heights
County
Sangamon
State
Illinois
Longitude
-87.9793
Latitude
42.1121

FAQs

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.
More about this property
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