Arlington Heights, Illinois, offers a diverse range of office properties for sale, making it an attractive investment opportunity for businesses and entrepreneurs. With its strategic location about 25 miles northwest of downtown Chicago, Arlington Heights provides easy access to major transportation hubs, including the Metra's Union Pacific Northwest Line and Interstate 90. Office properties in Arlington Heights can represent a variety of investments, from small, single-story buildings to larger, multi-story complexes. The village's business-friendly environment, excellent schools, and diverse community make it an ideal location for businesses to thrive. Arlington Heights is also home to several notable attractions, including the Metropolis Performing Arts Centre, Lake Arlington, and Mitsuwa Marketplace, which contribute to its appeal as a great place for business and travel. Additionally, the village's strong economy, with a median household income of $100,221, and a diverse range of industries, including healthcare, education, and retail, make it an attractive location for businesses to invest.
Arlington Heights has a total of 14 office properties for sale, with an average price per square foot of $121 USD and an average size of 37,255 square feet. The largest office property available is 170,507 square feet. In addition to office properties, Arlington Heights also offers a range of other commercial properties for sale, including commercial real estate, apartment buildings, shopping centers, and hotels. For example, commercial real estate in Arlington Heights can offer a range of investment opportunities, from small retail spaces to larger industrial complexes. Apartment buildings in the area can provide a steady stream of rental income, while shopping centers can offer a diverse range of retail and dining options. Hotels in Arlington Heights can cater to the village's growing tourism industry, with attractions like the former Arlington Park Race Track and the Metropolis Performing Arts Centre drawing in visitors from across the region. Overall, Arlington Heights offers a diverse range of investment opportunities for businesses and entrepreneurs, making it an attractive location for those looking to invest in commercial property.
What is the average price per square foot for office properties in Arlington Heights?
The average price per square foot for office properties in Arlington Heights is $121 USD per square foot, with an average size of 37,255 square feet and a largest size of 170,507 square feet, among the 14 available listings.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Arlington Heights, it's essential to understand the classification system, which can impact factors like rental income, property value, and maintenance costs.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer a balance between quality and affordability, featuring standard finishes and amenities, and are suitable for a wide range of tenants.
- Class C office properties are often older, less renovated buildings with more basic amenities, typically appealing to budget-conscious tenants and startups.
