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Property profile & analytics

315 University Dr Arlington Heights, IL 60004-1811

  • Industrial properties
  • 1.05 lot acres
OFF-MARKET
Value Estimation
$360,000
Location Intelligence
Property ID
US28-2443779
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.

Current Use by Public Records

  • Industrial properties

Property Details for 315 University Dr

Year built
1973
Lot size
1.05 lot acres
Property type
Industrial properties
APN
03-07-202-006
APU
307202006

Description

This exceptional Arlington Heights property offers 14,000 square feet of flexible commercial space, ideal for a variety of businesses. The single-story building, constructed in 1980, features four suites, with a minimum divisible space of 3,000 square feet and a maximum contiguous space of 3,000 square feet. Currently, one 3,000 square foot unit is available. The building boasts a 14-foot ceiling height, providing ample vertical space for storage or specialized equipment. With 100 feet of frontage, the property offers excellent visibility and accessibility. The convenient location in the O'Hare submarket, specifically Arlington Heights, ensures easy access to major transportation routes. Ample parking is provided with 59 spaces, and a valuable drive-in door is included for efficient loading and unloading. The property is classified as Office, Industrial, and Warehouse, making it suitable for a diverse range of uses. While elevators are not present, the single-story design ensures easy navigation throughout the building.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $300,000
  • CAP approach

    CAP return
    Estimation
    6%
    $375,000
    6.5%
    $445,000
    7%
    $430,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $380,000
    Geo Method
    $455,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $365,000
    Retail
    $460,000
    Mixed-Use
    $405,000
    Hospitality
    $360,000
    Educational
    $415,000
    Residential Income
    $375,000
    Energy
    $400,000
    Income-Based Land
    $385,000
    Food Service
    $370,000

Location Insight

  • Map
  • Local Demand
City
Arlington Heights
County
Cook
State
Illinois
Longitude
-87.9873
Latitude
42.1322
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
$62,075
$79,941
$127,888
$207,829
-
$319,764
$511,552
$831,316
More about this property
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