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$420,000

  • Sold
  • Closed
  • Commercial
  • 20,522 Sq. Ft.
See This Home
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Great office investment in the lower level of a office condominium building. The office is 5,500 square feet and occupied with a long-term net lease ending in 2032. 2024, the tenant will pay 4,440 a month. the cap rate will be 11%. Rents will also rise after 2029 to 4884 a month. This unit is a great investment opportunity for potential investors. Tenant pays property taxes, CAM, and utilities.

Full Property Details for 1845 E Rand Rd #L100

General

  • Sold For: $420,000
  • Taxes: (2022)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12082537
  • Added to Site: 624 day(s) ago

Interior

  • Interior Features: Common Lunchroom(s), Passenger Elevator(s), Accessible Entrance, Accessible Washroom/s, Inside Corridor(s), Janitorial Service, Multi-Tenant, Public Restroom(s), Storage Inside, Basement, High-Speed Communication Circuits
  • Flooring: Carpet, Tile

Additional Information

  • Security/Safety: Alarm Monitored

Parking

  • Parking Features: 51 to 100 Spaces

Location

  • Area: Arlington Heights
  • County: Cook
  • Driving Directions: On Rand Rd/US12 North of Euclid Avenue SW corner of Rand and Olive
  • Location Details: Northwest Suburban

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Central Building Heat

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Sub-Flooring: Carpet, Tile
  • Stories/Levels: 2
  • Square Feet: 20,522
  • Current Bldg. Use: Commercial
  • Year Built: 1984

Lot Features

  • Lot Size (Acres): 2.2
  • Lot Size (Sq. Ft.): 95,832
  • Lot Dimensions: COMMON
  • Frontage: City Street, Signal Intersection, State Road, US Highway
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Security Deposit: Alarm Monitored
  • Assessment Year: 1984
  • Tax Year: 2022
  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Operating Stops, Taxes, Insurance, Scavenger, Sewer

Disclosures and Reports

  • Property ID: 3213020281030

Listed by Homes R Us Realty Inc.
Sold by Keller Williams Infinity

Listing agent

— 1845 E Rand Rd #L100 —

  • Homes R Us Realty Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1845 E Rand Rd #L100

School Districts:Prospect Heights School District 23, Township High School District 214
NameGradesDistance
Anne Sullivan Elementary School
700 North Schoenbeck Road, Prospect Heights, IL 60070
4-50.9 mi
Dwight D Eisenhower Elementary School, Prospect Heights, IL
700 North Schoenbeck Road, Prospect Heights, IL 60070
PK-10.9 mi
Betsy Ross Elementary School, Prospect Heights, IL
700 North Schoenbeck Road, Prospect Heights, IL 60070
2-30.9 mi
Macarthur Middle School, Prospect Heights, IL
700 North Schoenbeck Road, Prospect Heights, IL 60070
6-80.9 mi
John Hersey High School
1900 East Thomas Street, Arlington Heights, IL 60004
9-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1845 E Rand Rd #L100

Date
Details
Price
Change
Source
8/14/2024
Sold
$420,000
-10.45%
MLS
7/18/2024
Listed
$469,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Homes R Us Realty Inc.
Sold by Keller Williams Infinity

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1845 E Rand Road #L100, Arlington Heights, IL 60004 (MLS# 12082537) is a Commercial property that was sold at $420,000 on August 14, 2024. Want to learn more about 1845 E Rand Road #L100? Do you have questions about finding other Commercial 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.