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1612 W Northwest Highway, Arlington Heights, IL 60004
$490,000
1612 W Northwest Highway, Arlington Heights, IL 60004View this property at 1612 W Northwest Highway, Arlington Heights, IL 60004
1612 W Northwest HighwayArlington HeightsIL60004
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Property Description
Property Description: * The property is a single-story boutique building located on busy Northwest Highway in the City of Arlington Heights. * It has a rectangular shape and features a surface parking lot with space for 9 cars. * The building is currently vacant and can be used for either a single-tenant or multi-tenant configuration with 4 separate entrances. * The zoning for the property is B-2, which permits various uses such as office, medical, or retail. There is a full height and dry basement. Location: * The property is situated just east of the intersection at Wilkie Road. * It is within a one-block walking distance to the Metra Northwest Line, making it convenient for commuters. * The Metra Northwest Line stops outside the closed Arlington Park Race Course. This property appears to offer flexibility in terms of potential uses due to its B-2 zoning and convenient location near transportation. If you have any specific questions about the property or if you're interested in acquiring it, you should reach out to Coldwell Banker Commercial for more detailed information and assistance with the sale.
Full Property Details
Full Property Details for 1612 W Northwest Hwy
General
- Price: $490,000
- Taxes: $18,743 (2021)
- Status: Active
- Type: Office
- MLS ID: 11899895
- Updated: 2/28/2024
- Added to Site: 210 day(s) ago
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: Arlington Heights
- County: Cook
- Township: Wheeling
- Driving Directions: From IL-53 North turn off at IL-14 East (Northwest Highway) for about one-half mile. The property is on the northside of the street just east of Wilkie Road.
- Location Details: Northwest Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 1
- Square Feet: 2,450
- Current Bldg. Use: Commercial
- Year Built: 1977
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 6,246
- Lot Dimensions: 50' x 125'
- Frontage: Public Road
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1977
- Tax Amount: $18,743.9
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes
Disclosures and Reports
- Property ID: 3301090170000
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Schools
Schools serving 1612 W Northwest Hwy
School Districts:Arlington Heights School District 25, Township High School District 214
Rating | Name | Grades | Distance |
---|---|---|---|
1616 N Patton Ave, Arlington Hts, IL 60004 | K-5 | 1 mi | |
1430 N Belmont Ave, Arlington Hts, IL 60004 | 6-8 | 1.4 mi | |
1900 E Thomas St, Arlington Hts, IL 60004 | 9-12 | 2.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1612 W Northwest Hwy
Date
Details
Price
Change
Source
2/22/2024
Price Reduced
$490,000
-4.85%
MLS
10/03/2023
Listed
$515,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1612 W Northwest Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2022
$13,750
-2%
$52,151
12%
2021
$13,973
-24%
$46,420
-26%
2020
$18,474
6%
$63,000
-5%
2019
$17,420
205%
$66,347
239%
2018
$5,709
1%
$19,564
—
2017
$5,643
-23%
$19,566
-28%
2016
$7,309
-15%
$27,174
-7%
2015
$8,596
16%
$29,111
12%
2014
$7,439
-20%
$25,950
-22%
2013
$9,283
-17%
$33,221
-23%
2012
$11,181
—
$43,122
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1612 W Northwest Hwy
1612 W Northwest Highway, Arlington Heights, IL 60004 (MLS# 11899895) is a Office property. 1612 W Northwest Highway is currently listed for $490,000 and was received on October 03, 2023. Want to learn more about 1612 W Northwest Highway? Do you have questions about finding other Office real estate for sale in Arlington Heights? You can browse all Arlington Heights real estate or contact a Coldwell Banker agent to request more information.