Price Reduction - Seller Financing
Address
710 E Kensington Road, Arlington Heights, IL
Price
$ 845,000
Property Attributes
- MLS#12017095
- TypeCommercial
- CountyCOOK
- CityArlington Heights
- AreaArlington Heights
- Zip60004
- Style
- Taxes$ 16874
- Price$ 845,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6288
- Lot Size10,000 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Fully rented Mixed-Use Building in a Prime Location! Two-story, 4,800 sq ft. above ground property on an ~10,000 sq ft. lot. The building is fully occupied and strategically positioned amidst new developments in the thriving area. 1st Floor has two commercial units, each spanning ~1,200+ sq.ft, with a combined area of 2,600 sq.ft. Undergone a comprehensive renovation in 2019, replaced HVAC systems, A/C units, water heaters, and more. The units are individually metered for gas and electric utilities, facilitating efficient management. 2nd Floor- upstairs has two fully leased 3-bedroom apartments. Individually metered for gas and electric services. This property includes a full basement with a potential for additional lower-level space or storage. Dedicated private parking area for 6-8 cars for tenants and customers. Additional free parking is available on South Hickory Avenue. Situated at the highly sought-after intersection of Kensington Road and Hickory Avenue, just behind Mariano's grocery store, this property is adjacent to the new Arlington Market subdivision. The neighborhood is witnessing a surge in development, including multi-family residential units and upcoming condominiums on Hickory Ave, indicating a promising and rapidly evolving locale. Taxes are being appealed. Please refrain from disturbing the tenants. This property is broker-owned and offers easy access to NW Highway. Seller financing available.
| Price History | |
|---|---|
| 3/31/2024 | Listed $925,000 |
| 4/19/2024 | 4% - $895,000 |
| 4/26/2024 | 6% - $845,000 |
General Features
| Cooling | Central Air,Central Individual |
|---|---|
| Possession | Closing,Immediate |
| Zoning | COMMR |
| Electric | Separate Meters,Service - 0 to 100 Amps,Service - 101 to 200 Amps |
| Tenant Pays | Electricity,Heat |
| Stories | 2 |
| Property SubType | Apts/Ofc/Store,Apts/Ofc,Apts/Stores,Ofc/Store |
| Tax Year | 2022 |
| Gross Income | 66000 |
| County | Cook |
| Net Operating Income | 41724 |
| Operating Expense | 24275 |
| Insurance Expense | 2200 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Kensington Rd & Hickory Ave |
| City | Arlington Heights |
| Total Units | 4 |
| MLS Area | Arlington Heights |
| Lot Size Square Feet | 10000 |
| Street Name | Kensington |
| Tax Annual Amount | 16874 |
| Trash Expense | 2000 |
| Water Sewer Expense | 2000 |
| Additional Parcels Y/N | No |
| Days on Market | 30 |
| Standard Status | Active |
| Property Type | Mixed Use |
Interior Features
| Street Suffix | Road |
|---|
Exterior Features
| Building Area Total | 6288 |
|---|---|
| Lot Dimensions | 0000 |
| Exterior | Brick |
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
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 4:47 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 4:47 AM UTC
