5 East College Drive, Arlington Heights, IL, 60004

5 East College Drive Arlington Heights, IL 60004

5 East College Drive, Arlington Heights, IL, 60004
5 East College Drive, Arlington Heights, IL, 60004
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,600,000
Last Verified:
Oct 22, 2025

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Highlights

  • Ample parking
  • Hotels and restaurants nearby
  • Landlord Occupies Building
  • Tenant-controlled HVAC - 24-Hour Access
  • Easy access to Route 53 and I-294
  • Multi-story atrium building
  • High-speed internet access

Description

Discover a remarkable investment opportunity within the heart of the Chicago area. This impressive 15,000 SF office building, boasting 20 units, offers an exceptional investment potential. Built in 1979, the property's M-1 zoning provides flexibility for a variety of office uses. With an outstanding 99.4% occupancy rate, it demonstrates strong tenant demand, ensuring a stable income stream. The property's prime location offers convenient access to major transportation routes, enhancing its appeal to potential tenants. Seize the chance to add this high-performing asset to your portfolio and capitalize on the robust Chicago office market.

Invest in the thriving Arlington Heights commercial real estate market. Located near the city of Chicago. The area boasts a strong local economy and solid job market, making it an attractive destination for businesses. With easy access to major transportation routes, including expressways and public transit, this location offers convenience for employees and clients alike. Nearby amenities include the lively Arlington Heights downtown area, renowned dining options, and popular entertainment destinations. The region's diverse and educated workforce, combined with the property's strategic location, positions it as a prime opportunity for office building investment.


Year Built: 1979
Building Size: 15000sq ft
Building Class: B
Lot Size: 1.56 acres


Documents

SVN - Brochure (P)

Map of 5 East College Drive, Arlington Heights, IL, 60004

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.