September 21, 2023 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of 3-7 W Davis Street in Arlington Heights, Illinois. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $910,000.
3-7 W Davis Street is a mixed-use property located in Arlington Heights, Illinois. The two-story brick building contains 3,180 square feet and is comprised of two storefront retail units on the first floor and a live-work office on the second floor. The Property has been well maintained and the first floor retail is currently fully occupied by Pure Salon and a Barber Shop. The second floor live-work unit is vacant and presents the opportunity to add value through the lease up of the attractive space. 3-7 W Davis Street is exceptionally well located in the heart of downtown Arlington Heights. The Property is positioned at the intersection of N Dunton Avenue and W Davis Street and is seconds from the Arlington Heights Metra Station. 3-7 W Davis Street is surrounded by national and local retailers and restaurants that drive traffic to the area, and is 500 feet from US Route 14, the area’s primary commercial and commuter corridor. Additionally, the Property is surrounded by densely populated residential neighborhoods that provide a built-in customer base for the retail tenants.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.