1500 W Shure Dr Arlington Hts, IL 60004
Property profile & analytics
1500 W Shure Dr Arlington Hts, IL 60004
- Office buildings
- 5.33 lot acres
Property ID
US28-1001917
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 1500 W Shure Dr
- Year built
- 1988
- Lot size
- 5.33 lot acres
- Property type
- Office buildings
- APN
- 03-07-102-013
- APU
- 307102013
Description
Prime Arlington Heights location offers a 170,507 square foot, seven-story office building on 7.246 acres, currently 11.1% occupied. Built in 1986 and renovated in 2000, this Class B multi-tenant property boasts an excellent Route 53 location with high visibility and access. Zoned M-1 (Research, Development, and Light Manufacturing), it presents a compelling redevelopment opportunity for flex/industrial use, data centers, or multifamily housing. The property features 4 parking spaces per 1,000 square feet and offers contiguous space on floors three through six, totaling over 100,000 square feet. The asking price is $8,525,000 ($50/sq ft), with land valued at $27/sq ft. Its proximity to major highways (I-355, I-90, I-290), O'Hare International Airport, and the future Arlington Park entertainment venue enhances its appeal. The building also presents an opportunity for owner-occupiers to utilize the entire building or leverage existing rental income. Potential improvements include creating rent-ready suites, updating technology, and refreshing common areas. This property is ideally suited for a developer seeking a high-demand flex/industrial project or an owner-occupier looking for a substantial space with redevelopment potential in a thriving location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Arlington Heights
- County
- Cook
- State
- Illinois
- Longitude
- -88.0014
- Latitude
- 42.1375
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$495,059
$870,656
$786,806
$1,657,462
-
$3,482,624
$3,147,224
$6,629,848
