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Property profile & analytics
OFF-MARKET
Office Spaces

1612 Northwest Hwy Arlington Heights, IL 60004

2,450 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Total area 2,450 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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