Office•Office Building•For Sale

First Midwest Bank Property - Arlington Heights, IL

770 West Dundee Road, Arlington Heights, Illinois 60004

Sale Price $799,000
Zoning B-2
Class B
Year Built 1989
Stories 2
Gross Bldg 11,400 SqFt
Land Area 1 Acres
REDUCED ASKING PRICE: $799,000 ON-SITE INSPECTIONS: By Appointment Only Please submit offers to the offices of Hilco Real Estate, 5 Revere Drive, Suite 320, Northbrook, IL 60062, Attention: Steve Madura or via email to smadura@hilcoglobal.com. Built in 1989, this well-maintained bank/office building boasts 11,400 SF of above ground space, as well as a 5,700 SF basement. The property sits along heavily-traveled Dundee Road (37,185 VPD), at lighted intersection of Dundee and Ridge. The property totals .9 acres (39,111 SF) and is zoned B-2 (General Business). The property does contain a deed restriction that provides for bank or office use only. As such, this property is an ideal bank/medical office redevelopment for the opportunistic buyer/investor. Adjacent to the Ridge Plaza shopping center, this area of Dundee has become a strong retail corridor for the area. Neighboring businesses include Portillo's, Kohl's, XSport Fitness, Walker Bros. Original Pancake House, Panera Bread, Aldi, Qudoba, SuperCuts, as well as numerous car dealerships all resulting in high traffic counts on strong consumer spending. Hilco Real Estate, LLC, in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086. ©2020 Hilco Global, LLC
  • 39,111± SF commercial building on 0.912± AC
  • Zoning: B-2 (General Business)
  • Taxes (2018): $64,674
  • Highlights: Well-maintained bank/office building adjacent to Ridge Plaza shopping center, along heavily-traveled Dundee Road (37,185 VPD), at lighted intersection.
  • Nearby Businesses: Aldi, Kohl’s, Panera Bread, Portillo’s, Qudoba, SuperCuts, Walker Bros. Original Pancake House, XSport Fitness
5/15/2019 5:07:02 PM 5/11/2020 4:42:33 PM
Steve Madura
Senior Vice President
Hilco Real Estate
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