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Property profile & analytics
FOR LEASE
Retail space

3255 N Arlington Heights Rd Arlington Heights, IL 60004

3.47 ac lot Built 1988
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US28-1265318
Property summary
AI-generated overview

Signature Square North, Buildings I & II, offers 29,597 square feet of prime office space in Arlington Heights, IL. Currently, 21,862 square feet is available, divisible into units ranging from 721 to 11,640 contiguous square feet, perfect for executive or medical office users. The single-story buildings, renovated in 2017, boast tenant-controlled HVAC, 24-hour access, high-speed internet and cable access, and ample parking. The property features high-end office build-outs, operable windows, and attractive landscaping, including a fountain and pond. Conveniently located minutes east of Route 53 and Dundee Road, it's within walking distance of restaurants and shopping. The M-1 zoning allows for a variety of uses. Recent improvements include a new parking lot, landscape enhancements, and new LED exterior lighting. Rental rates range from $17.75 to $18.75 per square foot on a modified gross basis. This exceptional property presents a unique opportunity for businesses seeking a modern, well-maintained office space in a desirable location. The address is 3255 N Arlington Heights Rd, Arlington Heights, IL 60004, in Cook County.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Lot 3.47 ac (151,153 SF)
APN 03-08-102-037
UPID US28-1265318
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Arlington Office Fund LLC · 8 yrs held
Arlington Office Fund LLC
since 2018
2 recorded transactions
2018
$13.9M
2007
$3.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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