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  • 1114 N Arlington Heights Rd
    Arlington Heights, IL 60004
    Cook County
  • Property Type:
    Commercial Property
  • Interior Space:
    ± 16,968 ft2
  • Lot Size:
    ±1.32 acres
  • Broker
    Co-op:
    1.5%

Commercial Property For Sale in Arlington Heights, IL

Value-Add Office Building Perfect for Owner/User or Investor

Auction #321-1

Property Description



Sperry Auctions is pleased to present the Online Auction Plus event (ALLOWS FOR CONTINGENCIES) for a two-story multi-tenant office building in Arlington Heights, IL.

Property Features & Highlights:

  • ±16,968 SF two-story Office Building
  • ±15,444 Gross Leasable Area
  • Multi-tenant configuration
  • Currently 59% occupied with substantial potential for rent growth
  • Opportunity to occupy approximately 7,000 SF 1st floor location in this highly visible office building in addition to rental income from strong tenants on 2nd floor.
  • Improvements include classroom/conference facilities, new roof, new windows and boiler/chilling unit
  • Basement level has tremendous potential and can be built out
  • ±1.32 acres of land
  • 75 Parking Spaces available
  • Zoning: OT with uses that include but not limited to: retail, banking, office, business and professional use, government services, medical and dental
  • Handicap accessible and passenger elevator in building.

Downloadable Documents

Property Information

Auction Information

User Access Form

Vault

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Financing

This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.

For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

Broker of Record for this property: Sperry Commercial - LD Real Estate, IL license #471.020678

All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented “as is,” and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the Asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

BID DEADLINE: Oct 29 5:00 pm CDT
Minimum Bid
US $499,000
Previous List Price: US $1,000,000
Required bid deposit: US $1,000.00
Show values in:
Contingencies may be included with your bid
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Auction Ended
Patrick Kelleher Event Manager The Future of Real Estate (FRE) P: (949) 706-6117 E: pkelleher@fre.com
Linda Durec Property Representative Sperry Commercial Global Affiliates P: (630) 201-9293 M: (630) 452-1222 E: linda.durec@sperrycga.com
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