115 University DrArlington Heights, IL 60004

Property Details for 115 University Dr

Year built

1969

Lot size

1.22 AC

Property type

Industrial properties

APN

03-08-103-005

APU

308103005

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $10,983,271

  Hospitality

  $10,060,617

  Educational

  $8,370,315

  Medical

  $8,658,183

  Retail

  $13,020,490

Location Insight

City

Arlington Heights

County

Cook

State

Illinois

Latitude

42.1321

Longitude

-87.9815

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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