Price Reduction
Address
1612 W Northwest Highway, Arlington Heights, IL
Price
$ 465,500
Property Attributes
- MLS#11899895
- TypeCommercial
- CountyCOOK
- CityArlington Heights
- AreaArlington Heights
- Zip60004
- StyleCommercial
- Year Built1977
- Taxes$ 18743
- Price$ 465,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2450
- Lot Size6,246 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Property Description: * The property is a single-story boutique building located on busy Northwest Highway in the City of Arlington Heights. * It has a rectangular shape and features a surface parking lot with space for 9 cars. * The building is currently vacant and can be used for either a single-tenant or multi-tenant configuration with 4 separate entrances. * The zoning for the property is B-2, which permits various uses such as office, medical, or retail. There is a full height and dry basement. Location: * The property is situated just east of the intersection at Wilkie Road. * It is within a one-block walking distance to the Metra Northwest Line, making it convenient for commuters. * The Metra Northwest Line stops outside the closed Arlington Park Race Course. This property appears to offer flexibility in terms of potential uses due to its B-2 zoning and convenient location near transportation. If you have any specific questions about the property or if you're interested in acquiring it, you should reach out to Coldwell Banker Commercial for more detailed information and assistance with the sale.
| Price History | |
|---|---|
| 10/3/2023 | Listed $515,000 |
| 2/22/2024 | 5% - $490,000 |
| 5/8/2024 | 5% - $465,500 |
General Features
| Cooling | Central Air |
|---|---|
| Zoning | COMMR |
| Year Built | 1977 |
| Electric | Circuit Breakers |
| Tenant Pays | Air Conditioning,Common Area Maintenance,Electricity,Heat,Taxes |
| Stories | 1 |
| Township | Wheeling |
| Property SubType | Office |
| Tax Year | 2021 |
| Current Use | Commercial |
| County | Cook |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | From IL-53 North turn off at IL-14 East (Northwest Highway) for about one-half mile. The property is on the northside of the street just east of Wilkie Road. |
| City | Arlington Heights |
| MLS Area | Arlington Heights |
| Lot Size Square Feet | 6246 |
| Street Name | Northwest |
| Tax Annual Amount | 18743.9 |
| Additional Parcels Y/N | Yes |
| Leasable Area | 2450 |
| Days on Market | 226 |
| Standard Status | Active |
| Property Type | Office/Tech |
Interior Features
| Street Suffix | Highway |
|---|
Exterior Features
| Building Area Total | 2450 |
|---|---|
| Lot Dimensions | 50' X 125' |
| Frontage Type | Public Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60004
Price
Taxes
Visits
Year Built
Walkscore
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of May 17, 2024 2:15 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of May 17, 2024 2:15 AM UTC
