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44 S Vail Ave
Arlington Heights, IL 60005
The Exchange at 44 Vail · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Occupancy
- Complete renovation in 2022
- Convenient location in the heart of downtown Arlington Heights
EXECUTIVE SUMMARY
Situated in the heart of downtown Arlington Heights, IL, 44 S. Vail is a two-story, multi-tenant office building with 39,846 SF on the 1st and 2nd floors, that is 100% leased to 13 tenants. The building also offers an additional 14,424 SF of lower level space that can be leased to additional tenants or used as storage space, totaling 54,270 SF of building area. With a complete renovation in the last three years, this is a unique opportunity to own a fully modern building in the desirable downtown area of Arlington Heights, which has a 2.8% office vacancy rate. The building is located just 2 blocks from the UP-NW Metra Line and walking distance to restaurants, a theatre, and many unique stores and boutiques. A private parking lot offering 54 spaces is also adjacent to a municipal parking garage. The building sits on 0.98 acres.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
38,971 SF
Building Class
C
Year Built/Renovated
1956/2022
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
19,486 SF
Building FAR
0.91
Lot Size
0.98 AC
Zoning
Commercial - B-5 (Downtown District)
Parking
54 Spaces (1.39 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Commuter Rail
- Conferencing Facility
- Security System
- Signage
- Storage Space
- Basement
- Bicycle Storage
- Open-Plan
- Reception
- Shower Facilities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 03-29-346-021-0000 | Improvements Assessment | $192,888 |
| Land Assessment | $78,408 | Total Assessment | $271,296 |
PROPERTY TAXES
Parcel Number
03-29-346-021-0000
Land Assessment
$78,408
Improvements Assessment
$192,888
Total Assessment
$271,296
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