Property profile

3401 N Kennicott Ave Arlington Heights, IL 60004

FOR LEASE
Industrial properties
Property ID
US28-2655281
3.83 ac lot Built 1979
Entity Owned 9-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This single-story, 29,051 square foot Class B office building, constructed in 1986 and renovated in 2011, offers a 735 square foot executive office suite for lease. Located at 3401 N Kennicott Ave, Arlington Heights, IL 60004 (Dundee & Kennicott cross streets), this property is ideally situated minutes from the Dundee Road/Route 53 interchange, providing easy access to shopping, hotels, and dining. The suite features direct tenant access, 24-hour access, and tenant-controlled HVAC. High-speed Comcast internet and cable are available. Ample parking is provided with a 4.14 spaces per 1000 square feet ratio. The building is zoned M-1, making it suitable for both office and medical uses. Flexible build-out options and lease terms are available. Move-in ready suites are also an option. The rental rate is $15.00-$16.50 modified gross. This is a great opportunity for a business seeking a convenient and well-equipped office space in a prime Arlington Heights location. The minimum divisible space is 735 square feet, and the maximum contiguous space available is also 735 square feet.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1979
Lot 3.83 ac (166,835 SF)
APN 03-07-200-043
UPID US28-2655281

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
  • Tech Support Center (Bike/Boat/Book/etc) Store
  • General Contractor Renovation Specialist
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Training Center Tutoring Service
  • Moving Company

Location

3401 N Kennicott Ave Arlington Heights, IL 60004
Arlington Heights metro Census 803005 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2017
7 recorded transactions
2019
Price N/A
2017
$1.1M
2003
$9.2M
1999
Price N/A
1998
Price N/A
1997
$7.2M
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message