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    1612 Hwy Arlington Heights, IL 60004

    Sponsored
    For Sale
    $420,000

    Prime location, 2,450 SF, $420,000

    Property size:
    2,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,450 square foot medical office building, located at 1612 W. Northwest Highway in Arlington Heights, Illinois, presents a compelling investment opportunity. Situated on a busy thoroughfare, this single-story building boasts a convenient location, just east of Wilkie Road and within a one-block walk of the Metra Northwest Line, offering easy access for commuters. The property features a rectangular design and ample surface parking for nine vehicles. Currently vacant, this versatile space offers flexibility for either single-tenant or multi-tenant occupancy, with four separate entrances catering to diverse needs. The building includes a full-height, dry basement, adding significant storage or expansion potential. Zoned B-2, the property allows for a variety of uses, including medical, office, or retail, making it an ideal choice for a wide range of businesses. The building's location near the Metra station, coupled with its flexible zoning and ample parking, makes it a highly attractive proposition for investors seeking a strong return on investment in a thriving Arlington Heights market. The asking price is $420,000. The property is in Cook County, Illinois, zip code 60004.

    Property Features for 1612 Hwy

    General Information

    Property type
    Medical offices
    Square Feet
    2,450 SF

    HighLights

    • 2,450 SF medical office building in Arlington Heights, IL, asking $420,000.
    • Located on a busy thoroughfare, one block from the Metra Northwest Line.
    • Single‑story building with nine surface parking spaces and four separate entrances.
    • Currently vacant, suitable for single or multi‑tenant occupancy.
    • Features a full‑height dry basement and B‑2 zoning allowing for various uses (medical, office, retail).
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Arlington Heights
    County
    Cook
    State
    Illinois
    Longitude
    -88.0029958
    Latitude
    42.093337

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    FAQs

    What type of property is this?
    Medical office - Prime location, 2,450 SF, $420,000
    Where is this medical office located?
    The property is located at 1612 Hwy Arlington Heights, IL.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: 2,450 SF medical office building in Arlington Heights, IL, asking $420,000.; Located on a busy thoroughfare, one block from the Metra Northwest Line.; Single-story building with nine surface parking spaces and four separate entrances.
    Request Owner's contact information
    1612 Hwy Arlington Heights, IL 60004
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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
    1612 Hwy Arlington Heights, IL 60004
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