44 Vail Ave Arlington Heights, IL 60005

This fully renovated, Class A, multi-tenant office building in Arlington Heights, IL, offers 54,270 square feet across two stories. Located in a Transit-Oriented Development (TOD) area, the property boasts 100% occupancy with 13 tenants and a weighted average lease term of 4.64 years. Built in 1956 and extensively renovated in 2016 and 2022, the building features 20 units within a single building on a 0.98-acre lot. Amenities include 54 on-site parking spaces, proximity to a municipal parking garage, a shared conference room, and convenient access to the Arlington Heights Metra station and downtown amenities. The property benefits from a Class 7C tax incentive and includes 39,846 square feet on the first and second floors, plus an additional 14,424 square feet of lower-level space suitable for leasing or storage. The permitted zoning is B-5. This is a stabilized investment opportunity in a prime location.