3233 Arlington Heights RdArlington Heights, IL 60004

Property Details for 3233 Arlington Heights Rd

Year built

1977

Lot size

1.29 AC

Property size (Sq ft)

20,214 SF

Property type

Retail space

Property subtype

Storefront properties

APN

03-08-102-030

APU

308102030

Description

The Ritzenthaler Building, located at 3233 N Arlington Heights Rd, Arlington Heights, IL 60004, presents a compelling opportunity for businesses seeking traditional office space in a desirable location. This three-story building, constructed in 1985, offers a total of 27,007 square feet, with 6,356 square feet currently vacant and available for lease. Multiple suites are available, ranging in size from 375 square feet to 2,166 square feet, providing flexibility for various business needs. The building features convenient amenities including ample parking with 69 surface spaces and 12 covered spaces, ensuring easy access for employees and clients. Elevators are available for convenient access to all three floors. The building's traditional office design provides a classic and professional atmosphere. This property is ideally situated in Arlington Heights, Illinois, offering easy access to major transportation routes and local amenities. The available space presents a unique opportunity to establish or expand your business in a well-maintained and conveniently located building. Contact us today to learn more about leasing opportunities and explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $5,365,320

  6.5%

  $4,952,603

  7%

  $4,598,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,171,518

  Geo Method

  $6,634,841

• Alternative Use

  Use

  Valuation

  Residential

  $4,177,706

  Hospitality

  $3,826,756

  Educational

  $3,183,816

  Medical

  $3,293,313

  Retail

  $4,952,603

Location Insight

City

Arlington Heights

County

Cook

State

Illinois

Latitude

42.1337

Longitude

-87.981

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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