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5 E College Dr 15,000 SF 89% Leased Office Building Arlington Heights, IL 60004 $1,600,000 ($106.67/SF)
Investment Highlights
- Ample parking
- Landlord Occupies Building
- Multi-story atrium building
- Hotels and restaurants nearby with Easy access to Route 53 and I-294
- Tenant-controlled HVAC - 24-Hour Access
- Multi-story atrium building High-speed internet access
Executive Summary
Discover a remarkable investment opportunity within the heart of the Chicago area. This impressive 15,000 SF office building, boasting 20 units, offers an exceptional investment potential. Built in 1979, the property's M-1 zoning provides flexibility for a variety of office uses. With an outstanding 99.4% occupancy rate, it demonstrates strong tenant demand, ensuring a stable income stream. The property's prime location offers convenient access to major transportation routes, enhancing its appeal to potential tenants. Seize the chance to add this high-performing asset to your portfolio and capitalize on the robust Chicago office market.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,000 SF
Building Class
C
Year Built
1983
Price
$1,600,000
Price Per SF
$106.67
Percent Leased
89%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Slab To Slab
10’
Building FAR
0.22
Lot Size
1.56 AC
Zoning
M-1, Arlington Hghts - Research, Development, and Light Manufacturing
Parking
43 Spaces (2.87 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- Lower Level
- 800 SF
- Office
- Full Build-Out
- 30 Days
$350 to $450.00 per month includes internet and utilities!
- 2nd Floor
- 3,000 SF
- Office
- Full Build-Out
- 30 Days
- 2nd Fl-Ste 202
- 1,500 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| Lower Level | 800 SF | Office | Full Build-Out | 30 Days |
| 1st Fl-Ste 105 | 208 SF | Office | Full Build-Out | Now |
| 2nd Floor | 3,000 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 202 | 1,500 SF | Office | Full Build-Out | Now |
Lower Level
| Size |
| 800 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 105
| Size |
| 208 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 202
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 105
| Size | 208 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
$350 to $450.00 per month includes internet and utilities!
Property Taxes
| Parcel Number | 03-08-316-005-0000 | Improvements Assessment | $123,650 |
| Land Assessment | $146,000 | Total Assessment | $269,650 |
Property Taxes
Parcel Number
03-08-316-005-0000
Land Assessment
$146,000
Improvements Assessment
$123,650
Total Assessment
$269,650
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5 E College Dr
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