$1,350,000

40,345

square ft

1425 E Algonquin Road

Arlington Heights, Illinois 60005

Closed / MLS #09304322 / Industrial / Arlington Heights

Listing information updated 12/26/2023 at 3:23pm

Highly visible on Algonquin, this 40,345 square foot multi-tenant flex building is fully leased. The building is fully sprinklered with 13' to 17' ceilings and four drive-in doors and two docks. Each unit includes an office area and there is a leased billboard that generates additional revenue. Two new leases were signed in 2017 including a two-year lease with the largest tenant, Matrix Systems. This is a great opportunity for an industrial investor looking in the northwest suburbs.

Full Features

Acreage:

2.27

Built:

1975

Cooling System:

Central Individual

Stories:

Ceiling Height:

Zoning:

INDUS

# of Drive-In Doors:

Building Square Feet:

40,345

Minimum Ceiling Height:

Maximum Ceiling Height:

Current Net Income:

$115,438

Taxes & Assessments

Tax Amount:

$75,828

Tax Year:

2016

Location

Zip Code:

60005

City:

Arlington Heights

County:

Cook

Acreage:

2.27

Built:

1975

Cooling System:

Central Individual

Stories:

Ceiling Height:

Zoning:

INDUS

# of Drive-In Doors:

Building Square Feet:

40,345

Minimum Ceiling Height:

Maximum Ceiling Height:

Current Net Income:

$115,438

Tax Amount:

$75,828

Tax Year:

2016

Zip Code:

60005

City:

Arlington Heights

County:

Cook

Listing Office: Millennium Properties RE, Inc.

Listing Office Phone: 312.338.3000

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/26/2023 at 3:23pm. 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. 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 listings have been excluded from this website.

Arlington Heights, IL

With all the amenities and conveniences you would expect to find in larger urban settings, Arlington Heights gives most cities a run for their money. Located 25 miles northwest of Chicago, the community has a vibrant downtown area, theaters, restaurants, shopping, parks, recreation, and two commuter...

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$497,143

Average Sale Price

Average Days On The Market

100%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.