OFFERING MEMORANDUM
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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 -
Broker1.5%
Co-op:
Commercial Property For Sale in Arlington Heights, IL
Value-Add Office Building Perfect for Owner/User or Investor
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 Sign In to Access
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
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Start Temporary Access AgreementFinancing
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.
US $499,000
Previous List Price: US $1,000,000
Required bid deposit: US $1,000.00
How to Buy
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2Search & SelectOur website features different assets - Real Estate and REIT shares. Utilize our advanced search criteria to narrow down your selection.
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3Review InformationAccess property information to make better-informed decisions. Available information varies depending on each real estate asset type.
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4Submit Deposit (if required)Prior to placing a bid, you may need to submit a deposit. Deposits can be submitted using credit card, wire transfer or check.
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5Place Online BidPlace bids on your selected asset prior to the deadline. Specifics vary for each asset.
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
BID NOT ACCEPTED
Your bid is below the minimum bid of US $1
BID NOT ACCEPTED
Your bid must be at or above the next acceptable bid of %s.
CURRENT HIGH BID: US $0
Minimum Bid Increment: US $10,000
BID NOT ACCEPTED
Your bid must be at or above the next acceptable bid of %s.
CURRENT HIGH BID: US $0 per share for shares.
Minimum Bid Increment: per share
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