One North Arlington | 170,507 SF Office Building

Investment Highlights

• M-1 Zoning Unlocks Reuse Alternatives: M-1 zoning makes the 7.25-acre site a rare candidate for flex-industrial redevelopment.
• Full-Interchange Access at Route 53: Immediate access to Route 53, providing connectivity to I-90 and the broader Chicago expressway network.
• 170,507 SF Seven-Story Office Tower: Column-free floor plates run ~28,000 SF, with 130,000 SF contiguous atop featuring balconies.
• Chicago Bears' Racetrack Redevelopment: The former Arlington Park Racetrack, purchased by the Bears for $197.2M, sits nearby.
• One Of Two Large-Block Suburban Options: Only two buildings within three miles offer 50,000+ SF contiguous with prime highway visibility.

 

Offering Summary

Brokered by Transwestern and powered by RealINSIGHT Marketplace, One North Arlington at 1500 West Shure Drive in Arlington Heights, IL is a 170,507-square-foot, seven-story office tower. The property offers approximately 90% availability, providing a buyer with immediate control of the building and substantial flexibility to re-lease, occupy or redevelop the asset. Situated on 7.25 acres at the four-way interchange of Route 53 and Dundee Road, the Property offers unmatched highway visibility, signage and access to I-90, I-290 and I-355, with O'Hare International Airport just 20 minutes away. Zoned M-1, the building is one of the few in Arlington Heights that can pivot to flex-industrial redevelopment. The upper five floors offer approximately 130,000 contiguous square feet, including private balconies, creating a compelling opportunity for a large single user or owner-occupant. The property is leased to three tenants, OB-Gyne Billing, Pinnacle Live and Sterling Lawyers, occupying just 16,566 SF, creating an opportunity for a buyer to reposition the asset. The nearby former Arlington Park Racetrack, purchased by the Chicago Bears for $197.2 million, is slated to become the region's next major entertainment destination, reinforcing long-term demand for this rare, large-block suburban Chicago asset.

Location

One North Arlington sits at the signalized corner of Wilke Road and Shure Drive, immediately south of the Route 53/Dundee Road interchange in Arlington Heights, Illinois. Portillo's, Kohl's and Walmart anchor retail within a half-mile, Days Inn and Comfort Suites sit next door, and O'Hare International Airport is a 20-minute drive via Route 53 and I-90.

Statistics

20 min : Drive time to O'Hare Intl. Airport
$118,532 : Median household income, Arlington Heights
76,220 : Village population, Arlington Heights