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Property profile & analytics
FOR LEASE
Retail space

3233 N Arlington Heights Rd Arlington Heights, IL 60004

20,214 SF 1.29 ac lot Built 1977
Individually Owned 26-yr Hold Free & Clear
Property ID
US28-2184796
Property summary
AI-generated overview

The Ritzenthaler Building, located at 3233 N Arlington Heights Rd, Arlington Heights, IL 60004, presents a compelling opportunity for businesses seeking traditional office space in a desirable location. This three-story building, constructed in 1985, offers a total of 27,007 square feet, with 6,356 square feet currently vacant and available for lease. Multiple suites are available, ranging in size from 375 square feet to 2,166 square feet, providing flexibility for various business needs. The building features convenient amenities including ample parking with 69 surface spaces and 12 covered spaces, ensuring easy access for employees and clients. Elevators are available for convenient access to all three floors. The building's traditional office design provides a classic and professional atmosphere. This property is ideally situated in Arlington Heights, Illinois, offering easy access to major transportation routes and local amenities. The available space presents a unique opportunity to establish or expand your business in a well-maintained and conveniently located building. Contact us today to learn more about leasing opportunities and explore the possibilities this property offers.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1977
Total area 20,214 SF
Lot 1.29 ac (56,192 SF)
APN 03-08-102-030
UPID US28-2184796
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
AI Approach AI
$750k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.41M
Blend (final) Blend
$1.21M
Owner & transaction history
N Arlington Heights Rd 3233 · 26 yrs held
N Arlington Heights Rd 3233
since 1999
2 recorded transactions
1999
$1.7M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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