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700 - 708 E Northwest Highway, Arlington Heights, IL

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700 - 708 E Northwest Highway

Arlington Heights, IL 60004 - Schaumburg Area Submarket

(322.0 KB)

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1960
Building Size:10,310 SF Land Area:.49 AC (21,127 SF)
For Sale Price:$1,495,000 Price/SF:$145.00
Cap Rate:8.00 %
Parking:Free Surface spaces are available; Ratio of 1.26/1,000 SF
Features:Pylon Sign, Signage

Kensington /Hickory TIF District for potential redevelopment- Low Taxes Retail/Apartment Bldg with existing Net income of $120,750 Includes 4-2nd floor apartments & 3 retail tenants - Fully leased Additional 10,000 SF of basement storage space available for free Total Space of 10,310 SF can be divided into 1,200 SF or 9,110 SF Yard space available w/ 25 car parking Zoned B-3 Great Exposure and traffic counts on Northwest Hwy Retail or apartments can be made available for a user purchaser Ideal Live/ work space Apartments have 500 SF deck areas & parking on site

Sale Notes:
• Ideal Revelopment Site
• Multi-Tenant 10,310 SF Retail/Residential Building
• Three Retail Suites and Four Two-Bedroom Residential Apartments
• Building has Yard Space
• Flexible Zoning (B-3) located close to downtown Arlington Heights
• Great Exposure and traffi c counts along Northwest Highway
• 10,310 SF of Basement Space not included in SF - Great for Storage
• 0.49 Acre Land Site
• Building has a lift and Druck Dock
• Next to Mariano’s
• Currently 100% Leased; Provides Investor Existing Income While Seeking Redevelopment
• Kensington/Hickory TIF District (Low Taxes)

Chicagoland Commercial, Inc.
Randy Olczyk
(847) 246-9611

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