2924 Malmo Drive — Arlington Heights, IL 60005
Closed
Arlington Heights, IL 60005

2924 Malmo Drive

$599,000
0 beds · 0 baths
Listed at $599,000 29 days on market $20,316/yr taxes
01About this home

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.

02Inside the home
03By the numbers
$599,000
List price
Square feet
Bedrooms
Bathrooms
1974
Year built
Lot size
Garage spaces
$20,316
Annual taxes
Industrial
Style
29
Days on market
04Features
Cooling
Central Air
05Neighborhood
  • Burger King 0.3 mi
  • Taco Bell 0.3 mi
  • Mexico 2000 #3 0.3 mi
  • Euro Grill 0.3 mi
  • Subway 0.3 mi
  • Papa Ray's Pizza and Wings 0.3 mi
  • BP Shop 0.4 mi
  • Rebel 0.4 mi
  • Jewel-Osco 0.4 mi
  • Fiesta Market 0.5 mi
  • BP Shop 0.7 mi
  • Mobil Mart 0.8 mi
  • Kopp Park 0.4 mi
  • Frost Park 0.7 mi
  • Friendship Park 0.9 mi
  • Einstein Park 0.9 mi
  • High Ridge Knolls Park 1.1 mi
  • Countryside Park 1.2 mi
  • Dunkin' 0.4 mi
  • Avanti Caffe 0.5 mi
  • Dunkin' 0.8 mi
  • Dunkin' 1.0 mi
  • Dunkin' 1.2 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

May 22, 2026
SoldThis listing
$585,000
Apr 6, 2026
Listed for saleThis listing
Keller Williams Infinity
$599,000
May 11, 2025
Sold
Compass · 198 days on market
$400,000
Sourced from MRED. Older events appear here as our history backfill completes.
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08See it for yourself

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09Similar homes
Listed by Keller Williams Infinity · Robert Fortino · 630-669-6353
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12611086
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