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    OFF-MARKET
    Office Spaces

    1628 Central Rd 100, Arlington Heights, IL 60005-2407

    0.57 ac lot Built 2007
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US28-0920229
    Property summary
    AI-generated overview

    This exceptional 7,000-square-foot medical office building is ideally situated in Arlington Heights, Illinois, at 1628 W Central Rd, 60005, just blocks from Northwest Community Hospital. Built in 2007 and renovated in 2021, this two-story freestanding building offers a single-tenant occupancy. The property boasts a convenient elevator, ample parking for 40 vehicles, and a common area entry. The building sits on a half-acre lot (0.5 acres) and features approximately 3,500 square feet on each of the two floors, plus an additional 1,450 square feet of basement space (totaling approximately 8,455 square feet). The property's prime location in the medical district ensures high visibility, enhanced by street signage on Central Road. The interior has undergone recent updates, reflecting a commitment to modern functionality and aesthetics. Cook County APN: 03-31-302-022-1001. Currently fully occupied.

    Property profile
    Verified
    Property type Office Spaces
    Use group CONDOMINIUM OFFICES
    Year built 2007
    Lot 0.57 ac (24,728 SF)
    APN 03-31-302-022-1001
    UPID US28-0920229
    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
    Ginsberg Holdings LLC · 12 yrs held
    Ginsberg Holdings LLC
    since 2013
    4 recorded transactions
    2022
    2013
    $660,000
    2013
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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