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$995,000 Just Listed
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Property Description
This well built and well maintained building has been owned by its original builder since the day it was built. It's very well suited to an owner/user who values the range of options it provides to scale a business while also generating rental income. The building is located in a high traffic corridor on Rt 58/Golf Rd and is adjacent to major redevelopment projects currently underway in this section of Arlington Heights. The Bears aren't the only ones who've made a big investment in Arlington Heights! The Gateway Project, which is immediately next door to this property is a comprehensive redevelopment plan for the I-90 access route into Arlington Heights. There are currently two major development projects underway or nearing completion within this area and a major development currently being planned (Urban Street) almost directly across the street from this property. This is a solid property to own today and will only grow in value as the many adjacent developments are completed. This building also includes c. 8,000 s.f. of basement space, all of which features excellent ceiling height and much of which is finished into meeting rooms, break rooms, a kitchen, etc.
Full Property Details
Full Property Details for 505 E Golf Rd
General
- Price: $995,000
- Taxes: $100,182 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12567411
- Updated: 2/19/2026
- Added to Site: 6 day(s) ago
Additional Information
- Security/Safety: Sprinklers
Location
- Area: Arlington Heights
- County: Cook
- Township: Elk Grove
- Driving Directions: Golf Rd E of Algonquin Rd and N of I-90
- Location Details: O'Hare
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Onsite: Electricity Nearby, Natural Gas Nearby, Sewer Nearby
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 1
- Square Feet: 17,780
- Year Built: 1990
Lot Features
- Lot Dimensions: 234 x 244 x 135 x 107 x 290
- Zoning: OFFIC
Financial Considerations
- Lease Price: $13
- For Sale/Rent/Lease: For Sale or Rent
- Operating Expenses: $36,598
- Security Deposit: Sprinklers
- Assessment Year: 1990
- Tax Amount: $100,182
- Tax Year: 2024
- Tenant Pays: All Utilities
Disclosures and Reports
- Property ID: 8151000180000
Listed by Keller Williams Success Realty
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Schools
Schools serving 505 E Golf Rd
School Districts:Community Consolidated School District 59, Township High School District 214
| Name | Grades | Distance |
|---|---|---|
Forest View Elementary School, Mount Prospect, IL 1901 West Estates Drive, Mount Prospect, IL 60056 | K-5 | 0.6 mi |
Holmes Jr High School 1900 West Lonnquist Boulevard, Mount Prospect, IL 60056 | 6-8 | 0.5 mi |
Rolling Meadows High School 2901 Central Road, Rolling Meadows, IL 60008 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 505 E Golf Rd
Date
Details
Price
Change
Source
2/13/2026
Listed
$995,000
—
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 505 E Golf Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$95,381
5%
$368,725
—
2022
$91,008
-13%
$368,725
—
2021
$104,032
3%
$368,106
—
2020
$101,059
10%
$368,106
—
2019
$91,550
-4%
$368,106
8%
2018
$95,338
1%
$340,883
—
2017
$93,964
7%
$340,883
—
2016
$87,921
-8%
$340,883
-1%
2015
$95,128
1%
$342,972
—
2014
$93,900
2%
$342,972
—
2013
$91,631
16%
$342,972
4%
2012
$79,083
—
$331,075
—
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 505 E Golf Rd
505 E Golf Road, Arlington Heights, IL 60005 (MLS# 12567411) is a Commercial property. 505 E Golf Road is currently listed for $995,000 and was received on February 13, 2026. Want to learn more about 505 E Golf Road? 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.

