For Auction
Asset Snapshot
Investment Highlights
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.
Due Diligence
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.
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Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
