$945,000 $inf/sf $18.9K Cash Back*
710 E Kensington Road, Arlington Heights, IL 60004
Commercial for sale beds0 baths0 Sqft
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$18.9K Cash Back*
$945,000 $18.9K Cash Back*
Investment Opportunity! 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, new 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.
MLS #: 11973238
•Type: Commercial
•APN: 03294090170000
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