1628 Central Rd 100, Arlington Heights, IL 60005-2407
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
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.