Medical Office Redevelopment Opportunity

1300 E Central Rd, Arlington Heights, IL

Deal Type:

Net Lease

Price:

$1,033,769

Building Sq. Ft.:

16,425 SF

Site Size:

1.77 Acres

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Investment Highlights

Opportunity to redevelop an existing multi-tenant medical office building located at the signalized hard corner of Central Rd. & Arthur Ave. in Arlington Heights, IL.
The property totals 16,425 SF across two main floors and a usable basement and is situated on a large 1.77-acre pad.
Low basis of $63 PSF at asking price.
Property is zoned B-4, allowing for a multitude of reuse options, including retail stores, c-stores, banks, medical office, and general office, among others.
Arlington Heights is an affluent northwest Chicago suburban community with average household incomes of $113,000 within 3 miles of the site.
The Chicago Bears recently purchased the Arlington Heights racetrack and are proposing to build a new stadium and entertainment district on the site.

Listing Agents

owen mcnulty stream capital partners

Owen McNulty

Associate
708 601 3087
[email protected]

Graham Gold

Vice President
314 324 8792
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

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