505 E Golf Rd - Office FOR SALE


Arlington Heights, IL 60005- Des Plaines/Arlington Hts Corridor
$995,000 USD
847-342-0840
505 E Golf Rd, Arlington Heights, IL for Sale
$995,000 USD
Office - FOR SALE
1/15
null | Request Cap Rate

505 E Golf Rd
Arlington Heights, IL 60005
Des Plaines/Arlington Hts Corridor


HIGHLIGHTS

  • Prime office space in actively developing area of Arlington Heights
  • 234 feet of frontage on busy Golf Rd
  • Large 8,000 sq ft 10-ft ceiling basement with kitchen/break room, conference room, and tons of storage
  • Adjacent to Arlington Heights Gateway Area and across Golf Rd from to-be-developed Urban Street
  • Close to I-90 with access to Rt 53
  • 17 minutes to O'Hare

OVERVIEW

This well built and well maintained building has been owned by its original builder since the day it was built. It's very well suited to an owner/user who values the range of options it provides to scale a business while also generating rental income to offset occupancy costs. The building is located in a high traffic corridor on Rt 58/Golf Rd and is adjacent to major redevelopment projects currently underway in this section of Arlington Heights. The Bears aren't the only ones who've made a big investment in Arlington Heights! The Gateway Project, which is immediately next door to this property is a comprehensive redevelopment plan for the I-90 access route into Arlington Heights. There are currently two major development projects underway or nearing completion within this area and a major development currently being planned (Urban Street) almost directly across the street from this property. This is a solid property to own today and will only grow in value as the many adjacent developments are completed. This building also includes c. 8,000 s.f. of basement space, all of which features excellent ceiling height and much of which is finished into meeting rooms, break rooms, a kitchen, etc.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Arlington Office Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

08-15-100-018-0000

ASK ABOUT THIS PROPERTY

Chris WordenKeller Williams Success Realty, IncMore Info
847-342-0840

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Chris WordenKeller Williams Success Realty, IncMore Info
847-342-0840

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.