710 E Kensington Road Arlington Heights, IL $ 845,000
710 E Kensington Road
$ 845,000
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710 E Kensington Road

Arlington Heights, IL, 60004
$ 845,000
Baths0.0 Sq 6,288

Monthly Estimate*

$ 5,903

710 E Kensington Road, Arlington Heights, IL 60004 - Image 1
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Studio

Commercial Property for sale in Arlington Heights, IL

for $845,000. This 6,288 square foot building was built on a lot size of 0.229568.

Fully rented Mixed-Use Building in a Prime Location! Two-story, 4,800 sq ft. above ground property on an ~10,000 sq ft. lot. The building is fully occupied and strategically positioned amidst new developments in the thriving area. 1st Floor has two commercial units, each spanning ~1,200+ sq.ft, with a combined area of 2,600 sq.ft. Undergone a comprehensive renovation in 2019, replaced HVAC systems, A/C units, water heaters, and more. The units are individually metered for gas and electric utilities, facilitating efficient management. 2nd Floor- upstairs has two fully leased 3-bedroom apartments. Individually metered for gas and electric services. This property includes a full basement with a potential for additional lower-level space or storage. Dedicated private parking area for 6-8 cars for tenants and customers. Additional free parking is available on South Hickory Avenue. Situated at the highly sought-after intersection of Kensington Road and Hickory Avenue, just behind Mariano's grocery store, this property is adjacent to the new Arlington Market subdivision. The neighborhood is witnessing a surge in development, including multi-family residential units and upcoming condominiums on Hickory Ave, indicating a promising and rapidly evolving locale. Taxes are being appealed. Please refrain from disturbing the tenants. This property is broker-owned and offers easy access to NW Highway. Seller financing available.

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Commercial Active

Price

$ 845,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 16,874

Style

Lot Size

0.229568

Town/City

Arlington Heights

County/Region

Cook

MLS | Web ID

12017095

Features
General
Cooling Central Air Central Individual
Possession Closing Immediate
Zoning COMMR
Year Built 0
Electric Separate Meters Service - 0 to 100 Amps Service - 101 to 200 Amps
Tenant Pays Electricity Heat
Stories 2
Property SubType Apts/Ofc/Store Apts/Ofc Apts/Stores Ofc/Store
Tax Year 2022
Gross Income 66000
County Cook
Net Operating Income 41724
Operating Expense 24275
Insurance Expense 2200
Property Type Commercial Sale Mixed Use
Status Active
Directions Kensington Rd & Hickory Ave
City Arlington Heights
Total Units 4
MLS Area Arlington Heights
Lot Size Square Feet 10000
Street Name Kensington
Tax Annual Amount 16874
Electric Expense 0
Fuel Expense 0
Trash Expense 2000
Water Sewer Expense 2000
Additional Parcels Y/N N
Days on Market 30
Standard Status Active
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Exterior
Building Area Total 6288
Lot Dimensions 0000
Exterior Brick
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Interior
Street Suffix Road
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* Excluded Features
List By
Entrust Realty Group, Llc

Broker

entrustrealtygroup@gmail.com

Email

Affordability Calculator

$7,309
Per Month
81%
19%
0%
Monthly Principal & Interest
$5,903
Monthly Property Taxes
$1,406
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/26/2024$845,000 -5.59% Price Down
4/19/2024$895,000 -3.24% Price Down
3/31/2024$925,000 Listed Price

Map


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710 E Kensington Road, Arlington Heights, IL, 60004 is a Commercial Property for sale at $845,000 with 6,288 sqft and a lot size of 0.229568. 710 E Kensington Road is a studio with 0.0 baths. The property's zip code is 60004 which is in Arlington Heights, IL