$1,350,000
$1,450,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
7,995 SqFt
SOLD DATE : 09/01/2022
Key Details
Sold Price $1,350,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 7,995 sqft
Price per Sqft $168
MLS Listing ID 11387542
Sold Date 09/01/22
Year Built 1987
Annual Tax Amount $60,405
Tax Year 2020
Lot Size 6,534 Sqft
Lot Dimensions 80 X 82
Property Sub-Type Office/Tech
Property Description
Meticulously maintained and perfectly situated mixed-use office/retail building in booming Downtown Arlington Heights is an investor's or business owner's dream come true. With approximately 8,000 sq ft of endless income possibilities, this building's premier location and vibrant city life draws in enormous crowds and foot traffic. Just steps from the Arlington Heights Station Commuter Rail, this two-story all brick building has undergone a full gut rehab and is impeccably maintained. This is a rare opportunity to purchase a fully improved building in pristine condition with multiple suites equipped with reception areas, private offices, conference rooms, a kitchen, bathrooms, file and storage rooms in the heart of desirable downtown Arlington Heights. There is a tremendous upside to be gained from leases at market rates with the option for an owner to occupy some of the property while leasing out the remaining suites. Buyer's potential for this building are limitless. Whether your buyer is looking to open a posh spa, innovative salon and/or wellness center, elegant bridal shop with all inclusive amenities, or simply looking to capitalize on office hoteling income, this building's versatility makes any business endeavor possible. Reinvent your buyer's income potential with 9 N Vail Ave!!
Location
State IL
County Cook
Area Arlington Heights
Zoning OFFIC
Interior
Cooling Central Air
Flooring Carpet, Tile
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Community
Roof Type Membrane
Building
Level or Stories 2
Structure Type Brick
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Bought with Maureen Bilek • Homesmart Connect LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "