2924 Malmo Drive Arlington Heights, IL $ 599,000
2924 Malmo Drive
$ 599,000
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2924 Malmo Drive

Arlington Heights, IL, 60005
$ 599,000
Bedrooms-- Baths-- Sq 5,500

Monthly Estimate*

$ 3,688

2924 Malmo Drive, Arlington Heights, IL 60005 - Image 1
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2924 Malmo Drive, Arlington Heights, IL 60005 - Image 9
2924 Malmo Drive, Arlington Heights, IL 60005 - Image 10

Commercial Property for sale in Arlington Heights, IL

for $599,000. This 5,500 square foot building was built in 1974 on a lot size of 2.71031.

This well-maintained industrial condominium in Arlington Heights offers a functional and efficient layout ideal for owner-users seeking high-quality space in a desirable infill location. The unit totals 5,500 SF and features a balanced mix of warehouse and office space, including mezzanine-level private offices and two restrooms. Constructed in 1974 with a combination of masonry and metal, the unit provides 17' clear height and is equipped with one 12'x12' drive-in door, supporting a variety of light industrial and service-oriented uses. The space is fully heated and air conditioned and features polished concrete flooring throughout along with high-efficiency LED lighting, providing a clean, modern, and energy-efficient working environment. Power is supplied by 200-amp, 208-volt, three-phase service. Additional improvements include a new TPO roof and two reserved parking spaces designated for the unit. The property is zoned I-1, allowing for a range of light industrial uses. This property presents a strong opportunity for businesses seeking ownership in a well-located industrial corridor with convenient access to surrounding markets.

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Commercial Active

Price

$ 599,000

Property Type

Commercial

Taxes

$ 20,316

Style

Commercial,Office

Lot Size

2.71031

Year Built

1974

Town/City

Arlington Heights

County/Region

Cook

MLS | Web ID

12611086

Features
General
Cooling Central Air
Possession Closing
Zoning INDUS
Year Built 1974
Electric Service - 201 to 600 Amps
Tenant Pays Other
Stories Count 1
Township Elk Grove
Property Subtype Condominium
Tax Year 2024
Current Use Commercial Office
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Industrial
Possible Use Commercial Industrial Office Special Use Single Room Occupancy
Status New
Directions Elmhurst Road west to Malmo north to the property.
City Arlington Heights
MLS Area Arlington Heights
Lot Size Square Feet 118061
Tax Annual Amount 20316
Additional Parcels Y/N N
Leasable Area 0
Lease Type N/A
Standard Status Active
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Interior
Flooring Carpet Concrete
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Exterior
Building Area Total 5500
Lot Dimensions 5500 SQ FT
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* Excluded Features
List By
Keller Williams Infinity

Broker

robertfortino@kw.com

Email

Affordability Calculator

$5,381
Per Month
69%
31%
0%
Monthly Principal & Interest
$3,688
Monthly Property Taxes
$1,693
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/6/2026$599,000 Listed Price

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2924 Malmo Drive, Arlington Heights, IL, 60005 is a Commercial Property for sale at $599,000 with 5,500 sqft and a lot size of 2.71031. 2924 Malmo Drive was built in 1974. The property's zip code is 60005 which is in Arlington Heights, IL