Property profile

225 N Arlington Heights Rd Elk Grove Village, IL 60007

FOR LEASE
Industrial properties
Property ID
US28-5838979
1 ac lot Built 1965
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office opportunity presents two available suites within a well-maintained, two-story building situated at 225 N Arlington Heights Rd, Elk Grove Village, IL 60007. The building, constructed in 1967, offers a total of 26,000 square feet and comprises 15 individual suites. Currently, 1,200 square feet of space is available, with flexible suite sizes ranging from 400 to 1,800 square feet, catering to diverse business needs. The property sits on one acre of land and provides ample parking with 50 spaces available for tenants and visitors. While the building does not feature elevators, its two-story design ensures convenient accessibility. Its strategic location offers unparalleled convenience, with easy access to I-90, just north of the building on Arlington Heights Road, and close proximity to O'Hare International Airport. This makes it particularly attractive to trucking companies, though the space is suitable for any general office use. The building's location near the Cross Street, Bennett, further enhances its accessibility and visibility. The property's traditional office layout provides a functional and efficient workspace. This is a fantastic opportunity to secure office space in a highly desirable location with excellent transportation links.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1965
Lot 1 ac (43,429 SF)
APN 08-21-202-037
UPID US28-5838979

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Trucking Company
  • Insurance Agency
  • Accounting Firm Tax Preparation
  • (Bike/Boat/Book/etc) Store Photography Service
  • Hardware & Home Improvement Kitchen & Bath Showroom

Location

225 N Arlington Heights Rd Elk Grove Village, IL 60007
Elk Grove Village metro Census 770400 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2016
Price N/A
2006
$1.8M
2001
$1.1M
2000
$659,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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