1612 Northwest Hwy Arlington Heights, IL 60004
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.