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44 Vail Ave Arlington Heights, IL 60005

Arlington Heights Creative Office Building

Overview

Added:
Dec 11, 2024
Days on market:
132
This fully renovated, Class A, multi-tenant office building in Arlington Heights, IL, offers 54,270 square feet across two stories. Located in a Transit-Oriented Development (TOD) area, the property boasts 100% occupancy with 13 tenants and a weighted average lease term of 4.64 years. Built in 1956 and extensively renovated in 2016 and 2022, the building features 20 units within a single building on a 0.98-acre lot. Amenities include 54 on-site parking spaces, proximity to a municipal parking garage, a shared conference room, and convenient access to the Arlington Heights Metra station and downtown amenities. The property benefits from a Class 7C tax incentive and includes 39,846 square feet on the first and second floors, plus an additional 14,424 square feet of lower-level space suitable for leasing or storage. The permitted zoning is B-5. This is a stabilized investment opportunity in a prime location.

Highlights

  • Walking distance to Downtown Arlington Heights amenities.
  • Class 7C tax incentive.
  • Weighted average lease term (WALT) of 4.64 years.
  • Shared conference room.
  • On-site parking and adjacent municipal parking garage.
  • Short walk to the Arlington Heights Metra station.

Property Details for 44 Vail Ave

Property type
Office properties, Office space
Square Feet
54,270 SF
Class
A
Year Built
1956
Buildings
1
Stories
2
Lot Size (sq. ft)
42,689 SF
Units
20

Location Insight

City
Arlington Heights
County
Cook
State
Illinois
Latitude
42.0813436
Longitude
-87.9845533

FAQs

What type of property is this?
Office property - Arlington Heights Creative Office Building
Where is the office property located?
The property is located at 44 Vail Ave Arlington Heights, IL.
What are key features of this property?
This property features: Walking distance to Downtown Arlington Heights amenities.; Class 7C tax incentive.; Weighted average lease term (WALT) of 4.64 years.
How can I contact the broker?
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44 Vail Ave
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