1010-1060 W Rand Rd, Arlington Heights, IL
Retail for Sale - $1,500,000 - 18,000 Sq. Ft. on 1.57 acres
Property Info
| CIMLS# | 1110009 |
| Location 1010-1060 W Rand Rd Arlington Heights IL 60004 | |
| Updated | December 20th, 2021 |
| Type | Retail |
| Price | $1,500,000 |
| Building | 18,000 Sq. Ft. |
| Land | 1.57 acres |
Property Description
* 73% Occupied Retail Center Offers an Investor the Opportunity to Add Cap Rate Growth w/ Significant Value through Leasing Up of the Remaining 4,800 SF of Vacant Space
* Long Term Established Tenants in Place
* Prime Site Outstanding Frontage & High Visibility Site Along Highly Traveled Major Retail Thoroughfare
* Strong Traffic Counts | IL Route 53 & W Rand Rd | 114,500+ VPD & 26,900+ VPD
* Over 480’ Linear Feet of Prime Frontage on W Rand Rd
* Monumental Street Signage
* Abundant Parking
* Highly Affluent Suburb of Chicago
* Surrounded by Huge Daytime & Residential Density
* Excellent Demographics - Over 289,743 People Living within 5 Miles of the Property w/ Average Annual Household Income in Excess of $121,340
* Prime Major Retail Corridor Surrounded by Numerous National & Regional Retailers
* Area Traffic Generators Include: Walter E. Smithe Furniture & Design, Burlington, Planet Fitness, Dollar General, Binny’s Beverage Depot, Starbucks, Party City, Best Buy, Hobby Lobby, Jewel Osco, and Marshalls to Name a Few
* Close Proximity to Route 53 Interchange, Near Newly Proposed Chicago Bears Site
* Priced Well-Below Replacement Cost @ $83.33!!!
* 8.4% Cap Rate
