710 E Kensington Road, Arlington Heights, IL
$ 1,075,000
Property Attributes
  • MLS#11779702
  • TypeCommercial
  • CountyCOOK
  • CityArlington Heights
  • AreaArlington Heights
  • Zip60004
  • Style
  • Taxes$ 6058
  • Price$ 1,075,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6288
  • Lot Size10,000 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Fantastic Investment Opportunity! SELLER FINANCING AVAILABLE.Fully Rented Income-Producing Mixed-Use Building in a Prime Location! This impressive two-story, 4,800 square foot property on a spacious approximately 10,000 square foot lot is now available at 710-712 Kensington. The building is fully rented, generating consistent income from its diverse tenant mix. The second floor features two fully rented, beautifully maintained 3-bedroom apartments, offering a reliable stream of rental income. The first floor boasts two recently remodeled offices/retail spaces, providing an excellent opportunity for businesses to thrive in a bustling location. The first floor underwent a complete renovation and upgrade in 2019, including a brand new furnace and A/C system, ensuring optimum comfort for tenants and customers. Each commercial unit on the first floor offers approximately 1,200+ square feet of flexible space, with a combined area of 2,600 square feet. The units are individually metered for gas and electric utilities, providing convenience and ease of management. This property also features a full basement, perfect for storage or the potential for additional lower-level offices. Additionally, there is a dedicated private rear parking area that can accommodate approximately 6-8 cars and light trucks, offering convenience and accessibility for tenants and customers. Furthermore, there is ample free parking available on South Hickory Avenue, ensuring hassle-free visits to the property. Both the interior and exterior of the building have undergone extensive renovations, showcasing a modern and inviting aesthetic. The property benefits from its highly sought-after location on Kensington Road and Hickory Avenue, situated directly behind Mariano's grocery store. It is also adjacent to the new Arlington Market subdivision, a multi-family residential development, and upcoming residential condos on Hickory Ave, indicating a promising and rapidly developing neighborhood. Please note that tenant privacy is important. Therefore, all showings must be scheduled in advance through the listing broker. Don't miss out on this incredible investment opportunity! Act now to secure your future income potential. Broker owned. Easy access to NW Highway. Schedule a showing today and witness the impressive potential of this income-generating property!

Price History
5/10/2023 Listed $1,300,000
6/17/2023 12% - $1,150,000
8/2/2023 7% - $1,075,000

General Features

Additional Parcels Y/N No
City Arlington Heights
Cooling Central Individual
County Cook
Days on Market 188
Directions Kensington Rd & Hickory Ave
Electric Separate Meters, Service - 0 to 100 Amps, Service - 101 to 200 Amps
Gross Income 58800
Leasable Area 4800
Lot Size Square Feet 10000
MLS Area Arlington Heights
Net Operating Income 46800
Operating Expense 12000
Possession Closing, Immediate
Property SubType Other
Property Type Commercial Sale
Property Type Office/Tech
Standard Status Active
Status Active
Stories 2
Street Name Kensington
Tax Annual Amount 6058
Tax Year 2021
Tenant Pays Electricity, Heat
Total Units 4
Zoning COMMR

Interior Features

Street Suffix Road

Exterior Features

Building Area Total 6288
Exterior Brick
Lot Dimensions 0000


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60004

AVG $300K
AVG $15,676
AVG 162
Data Provided by Inside Real Estate®
AVG 69
Data Provided by Walkscore® not using MLS data