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505 E Golf Rd
Arlington Heights, IL 60005
Arlington Office Center · Office Property For Sale


Investment Highlights
- Prime office space in actively developing area of Arlington Heights
- Large 8,000 sq ft 10-ft ceiling basement with kitchen/break room, conference room, and tons of storage
- Close to I-90 with access to Rt 53
- 234 feet of frontage on busy Golf Rd
- Adjacent to Arlington Heights Gateway Area and across Golf Rd from to-be-developed Urban Street
- 17 minutes to O'Hare
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
17,780 SF
Building Class
B
Year Built
1990
Price
$995,000
Price Per SF
$55.96
Percent Leased
49%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
17,780 SF
Building FAR
0.29
Lot Size
1.41 AC
Parking
67 Spaces (4.72 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Property Manager on Site
- Signage
- Skylights
- Storage Space
- Monument Signage
- Outdoor Seating
- Air Conditioning
Property Taxes
| Parcel Number | 08-15-100-018-0000 | Improvements Assessment | $98,341 |
| Land Assessment | $267,409 | Total Assessment | $365,750 |
Property Taxes
Parcel Number
08-15-100-018-0000
Land Assessment
$267,409
Improvements Assessment
$98,341
Total Assessment
$365,750
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