For Lease
$8.50/SF/YR

115 University Dr Arlington Heights, IL 60004

10,120 SF Flex Space, Ideal Owner/User

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 10,120-square-foot flex space in Arlington Heights, IL, presents a unique opportunity for expansion or relocation. Located at 115 E University Dr, 60004, this single-story, Class B building boasts a 1.22-acre lot and offers convenient access to major highways I-294, Route 53, I-90, and I-290. Built in 1982 and extensively renovated in 2024, the property features two interconnected 5,000-square-foot units, currently vacant and available for lease or purchase. Recent renovations include two new drive-in doors, updated offices and bathrooms, and a drive-through configuration separating the units. The property includes 24 total parking spaces and three drive-in doors. The building offers a 14-foot ceiling height, 800 amps of power, and is zoned M-1. County-approved plans for an industrial outdoor storage (IOS) expansion are also available. Property taxes are $5.84 per square foot. The minimum divisible space is 5,000 square feet, with a maximum contiguous space of 10,120 square feet. This is an excellent opportunity for a business seeking to expand its operations in a prime Arlington Heights location. APN: 03-08-103-005-0000.

Highlights

  • 10,120 SF flex space in Arlington Heights, IL, at 115 E University Dr, 60004.
  • Single-story, Class B building on a 1.22-acre lot.
  • Two 5,000 SF interconnected units, vacant and available for lease or purchase.
  • Recently renovated with new drive-in doors, updated offices/bathrooms, and a drive-through configuration.
  • Features 24 parking spaces, 14' ceilings, 800 amps power, and M-1 zoning.
  • County-approved plans for IOS expansion available.

Property Details for 115 University Dr

Property type
Industrial properties, Flex space
RSF (Rentable sq. ft)
10,120 SF
Class
B
Year Built/Renovated
1982/2024
Buildings
1
Stories
1

Unit(s) available at that property

Space
Available Space 1
Size
10,120 SF
Rate per SF
$8.50

Location Insight

City
Arlington Heights
County
Cook
State
Illinois
Latitude
42.1325685958
Longitude
-87.981622675792
115 University Dr, Arlington Heights, Illinois

FAQs

What type of property is this?
Industrial property - 10,120 SF Flex Space, Ideal Owner/User
Where is the industrial property located?
The property is located at 115 University Dr Arlington Heights, IL.
What is the lease rate?
The lease rate is $8.50/SF/YR.
What are key features of this property?
This property features: 10,120 SF flex space in Arlington Heights, IL, at 115 E University Dr, 60004.; Single-story, Class B building on a 1.22-acre lot.; Two 5,000 SF interconnected units, vacant and available for lease or purchase.
How can I contact the broker?
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115 University Dr
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