5 East College Drive

5 East College Drive, Arlington Heights, IL 60004

Property Information

  • For Lease $10.00 - $13.00/SF/YR
  • Property Type Office - General Office
  • Property Size 15,000 SF
  • Units 23
  • Lot Size 1.56 Acre
  • Parking Spaces Avail. 43
  • Parking Ratio 2.87 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1983
  • Date Updated Oct 1, 2026

Description

Invest in the thriving Arlington Heights commercial real estate market. Located near the city of Chicago. The area boasts a strong local economy and solid job market, making it an attractive destination for businesses. With easy access to major transportation routes, including expressways and public transit, this location offers convenience for employees and clients alike. Nearby amenities include the lively Arlington Heights downtown area, renowned dining options, and popular entertainment destinations. The region's diverse and educated workforce, combined with the property's strategic location, positions it as a prime opportunity for office building investment.Discover a remarkable investment opportunity within the heart of the Chicago area. This impressive 15,000 SF office building, boasting 20 units, offers an exceptional investment potential. Built in 1979, the property's M-1 zoning provides flexibility for a variety of office uses. With an outstanding 99.4% occupancy rate, it demonstrates strong tenant demand, ensuring a stable income stream. The property's prime location offers convenient access to major transportation routes, enhancing its appeal to potential tenants. Seize the chance to add this high-performing asset to your portfolio and capitalize on the robust Chicago office market.5 East College Drive offers a professional office opportunity designed to support a range of business uses and long-term investor appeal. This property presents efficient office functionality with flexible space planning potential, making it well suited for owner-users or investment positioning. The building’s layout can accommodate a variety of office configurations, from private suites to collaborative work areas, while supporting a polished professional environment. With a straightforward commercial profile and adaptable footprint, this is an appealing asset for buyers seeking an office property with enduring utility and leasing versatility.

Highlights

  • Adaptable for multiple office configurations
  • Commercial asset with broad appeal
  • Designed for efficient office use
  • Flexible layout potential
  • Potential for collaborative work areas
  • Professional office property
  • Strong leasing versatility
  • Supports private suite arrangements

9 Spaces Available

105

Space Type

Shared Space

Lease Rate

$10.00/SF/YR

Total Space

200 SF

Divisible Space

200 - 200 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

120

Space Type

Shared Space

Lease Rate

$13.00/SF/YR

Total Space

200 SF

Divisible Space

200 - 200 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

123

Space Type

Shared Space

Lease Rate

$13.00/SF/YR

Total Space

200 SF

Divisible Space

200 - 200 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

200

Space Type

General Office

Lease Rate

$10.00/SF/YR

Total Space

1,950 SF

Divisible Space

1,950 - 1,950 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

202

Space Type

General Office

Lease Rate

$10.00/SF/YR

Total Space

2,000 SF

Divisible Space

2,000 - 2,000 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Contacts

Location

Contact Listing Broker
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