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    1628 W Central Road

    Arlington Heights, IL 60005
    • $2,499,000
    • STATUS: Active
    • ON SITE: 345 days
    • MLS #: 10634764
    UPDATED: 42 min ago
    $2,499,000
    • 0
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,455
      SQFT
    • $296
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2007
    County:

    School Ratings & Info

    Description

    National Tenant occupying complete Free-Standing Medical Building on a multi-year lease with extension options. Built in 2007, this 2-story elevator building with lower level common area entry has a total of 8,455 S.F. (7,500 Rentable). 1st and 2nd floor separate PINS, Approx. 3,500 S.F. each. Lot size .57 acres, parking for 40 plus cars. Located blocks from Northwest Community Hospital in Medical District. Great visibility to Central Rd. with street signage. Interior is being updated, details and financials available with confidentiality agreement. Investor Sale, current cap rate at 7.0% and improves every year.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-22T10:53:36.55 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1628 W Central Road Arlington Heights, IL 60005

    • Price: $2,499,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: 10634764
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    8,455
    SQFT
    $296
    $/SQFT
    2007
    Built
    Neighborhood:
    Arlington Heights
    County:
    Cook
    Area:
    Arlington Heights
    Property Description
    National Tenant occupying complete Free-Standing Medical Building on a multi-year lease with extension options. Built in 2007, this 2-story elevator building with lower level common area entry has a total of 8,455 S.F. (7,500 Rentable). 1st and 2nd floor separate PINS, Approx. 3,500 S.F. each. Lot size .57 acres, parking for 40 plus cars. Located blocks from Northwest Community Hospital in Medical District. Great visibility to Central Rd. with street signage. Interior is being updated, details and financials available with confidentiality agreement. Investor Sale, current cap rate at 7.0% and improves every year.
    Exterior Features

    Construction Materials Block Frontage Type Township Road Number Of Drive In Doors 0 Number Of TLDocks 0 Outdoor Parking 31-50 Spaces Parking Total 40

    Interior Features

    Cooling Central Air Electric Circuit Breakers Fire Protection Sprinklers-Wet Heat Ventilation Central Bldg Heat Leasable Area 7500

    Property Features

    Additional Parcels YN Yes Built Before1978 YN No Current Use Office Expense Year 2019 Exterior Building Type BrickBlock Extra Storage Spaces Available YN Yes Geographic Locale Northwest Suburban Gross Income 0 Gross Rentable Area 8455 Gross Scheduled Income 0 Investment YN Yes Lot Size Dimensions 100 X 250 Min Avail Sq Ft Rentable 7500 Net Rentable Area 7500 Number Of Tenants 1 Operating Expense 72536 Property Offered For Sale Only Tax Annual Amount 70036 Tax Year 2018 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesRepairsScavengerSewer Total Monthly Income 0 Zoning Offic

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Royce Group Real Estate Co..


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-22T10:53:36.55 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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