3930 Ventura DrArlington Heights, IL 60004

Property Details for 3930 Ventura Dr

Year built

1986

Lot size

1.32 AC

Property type

Retail space

APN

03-06-303-010

APU

306303010

Description

This exceptional single-story flex/R&D space, part of the Commerce Point Tech Center, offers 2,724 square feet of immediately available space within a larger 54,976 square foot building. The property boasts a 12-foot ceiling height, perfect for various uses. The space includes existing refrigeration and freezer units capable of reaching -30°C, making it ideal for lab, showroom, or food production businesses. High-power electrical service (600 amps, 3-phase) is readily available. The building features two loading docks and one drive-in door for convenient access and loading/unloading. Ample parking is provided at a ratio of 3 spaces per 1,000 square feet. The property is zoned M-1, allowing for a wide range of industrial uses. Its strategic location in Arlington Heights offers excellent access to major transportation arteries, including I-53, Dundee Road, and Lake Cook Road. The property's three suites are currently under multiple tenancies. The 2023 property taxes are $6.48 per square foot, and the 2023 operating expenses are $2.13 per square foot. This is a rare opportunity to secure high-quality flex space with existing specialized equipment in a prime Arlington Heights location.

• CAP approach

  CAP return

  Valuation

  6%

  $15,261,727

  6.5%

  $14,087,748

  7%

  $13,081,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,710,454

  Geo Method

  $18,872,896

• Alternative Use

  Use

  Valuation

  Residential

  $11,883,542

  Hospitality

  $10,885,261

  Educational

  $9,056,409

  Medical

  $9,367,873

  Retail

  $14,087,748

Location Insight

City

Arlington Heights

County

Cook

State

Illinois

Latitude

42.1465

Longitude

-88.0024

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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