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    1600 Arlington Hts Rd Arlington Heights, IL 60004

    For Lease
    $24 SF/Yr ($13,936 /Mo)

    Prime Medical/Executive Office Suites Available

    Lot size:
    6,968 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 6,968 square foot Class B office building, situated on a 0.57-acre lot in desirable Arlington Heights, Illinois, presents a unique investment opportunity. Built in 1985, the property is conveniently located at 1600 N Arlington Heights Rd, zip code 60004, in Cook County. Currently, there are multiple tenants occupying the space, with 1,796 square feet of immediately available executive or medical office space. The building is ideally suited for medical or dental practices, offering ample space for various configurations. The property's classification as a Class B building reflects its solid construction and functional layout. The readily available 1,796 square feet provides a significant opportunity for expansion or a new tenant to establish a strong presence in this thriving Arlington Heights location. The property's location offers excellent accessibility and visibility, making it an attractive option for businesses seeking a prominent address. This is a multi-tenant building, providing a diverse and established environment. Serious inquiries are encouraged to explore this promising opportunity further. The property's size and location make it an ideal choice for businesses seeking a well-established presence in a vibrant community. Contact us today to schedule a viewing and discuss your specific needs.

    Property Features for 1600 Arlington Hts Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,968 SF
    Class
    B
    Total Rate
    13936

    Building Details

    Year Built
    1985

    Unit(s) available at that property

    Space
    Availble Space 1
    Size
    1,796 SF
    Rate per SF
    $24

    HighLights

    • Prime 1,796 SF +/- first‑floor office space, ideal for medical or dental use.
    • Existing 3‑chair endodontist layout with room for a 4th, plus sanitation room, staff break room, private office, and ample basement/loft storage.
    • Building enjoys a history of full occupancy with medical tenants.
    • .57‑acre lot with high‑traffic (19,600 VPD) N Arlington Heights Rd frontage and E Maude Ave access.
    • Strong demographics: 129,031 population within 3 miles, $99,249 average household income, 19,600 VPD, and proximity to major tenants, health systems, and highways.
    • Excellent monument signage and ample private parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. John S. ... Endodontist Luminary Cover Insurance ... Insurance Agency Bright Insurance Services ... Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.9809616
    Latitude
    42.1055691

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    FAQs

    What type of property is this?
    Medical office - Prime Medical/Executive Office Suites Available
    Where is this medical office located?
    The property is located at 1600 Arlington Hts Rd Arlington Heights, IL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Prime 1,796 SF +/- first-floor office space, ideal for medical or dental use.; Existing 3-chair endodontist layout with room for a 4th, plus sanitation room, staff break room, private office, and ample basement/loft storage.; Building enjoys a history of full occupancy with medical tenants.
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    Arlington Heights, IL 60004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 Arlington Hts Rd Arlington Heights, IL 60004
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