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1612 W Northwest Hwy 2,450 SF Retail Building Arlington Heights, IL 60004 $395,000 ($161.22/SF)
INVESTMENT HIGHLIGHTS
- Divisibility possible in this location for 4 tenants.
- Surface Parking lot can house 9 cars for client convenience.
- Can be converted to Office, Medical, or Retail with zoning.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,450 SF
Building Class
C
Year Built
1970
Price
$395,000
Price Per SF
$161.22
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.14 AC
Zoning
B-2 - Commercial
Parking
10 Spaces (4.08 Spaces per 1,000 SF Leased)
Frontage
50’ on Northwest Highway
AMENITIES
- Metro/Subway
- Air Conditioning
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $68,121 | |
| Land Assessment | $31,250 | Annual Taxes | ($4,850) (($1.98)/SF) |
| Improvements Assessment | $36,871 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$31,250
Improvements Assessment
$36,871
Total Assessment
$68,121
Annual Taxes
($4,850) (($1.98)/SF)
Tax Year
2024
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1612 W Northwest Hwy
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