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    500-550 W Northwest Hwy, Unit 500 Arlington Hts, IL 60004

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Arlington Heights, IL

    Type:Retail
    Days on Market:
    55
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 500-550 W Northwest Hwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Utilities
    Natural Gas Available
    Cooling system
    Central Air

    Building Details

    Year built
    2018
    Floors in Building
    1
    Number of units
    10
    Building materials
    Brick
    Roof type
    Membrane

    USA Real Estate LTD (847) 640-6800 [email protected]

    Listing agent Joe Zivoli (847) 640-6800

    Listing date Nov 12, 2025

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Arlington Heights Retail Space Available

    This retail space is located near the downtown Arlington Heights train station. The property features a new brick facade with new 10-foot windows and doors. The interior has been remodeled and includes two new ADA bathrooms, new ceiling tiles, and LED fixtures. A freestanding sign is included. The property also has a new asphalt parking lot. This corner unit location was previously used as a real estate office and law firm. The space includes three conference rooms and is ready for a financial office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arlington Hts
    County
    Cook
    State
    Illinois
    Longitude
    -87.989374
    Latitude
    42.087668

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    FAQs

    What type of property is this?
    Retail space - Retail space near downtown Arlington Heights train station.
    Where is this retail space located?
    The property is located at 500-550 W Northwest Hwy, Unit 500 Arlington Hts, IL.
    What are key features of this property?
    This property features: - Near Downtown Arlington Heights Train Station; - **Totally New Brick Facade with New 10 Foot Windows and Doors**; - Remodeled Interior with Two New ADA Bathrooms
    (847) 640-6800
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    500-550 W Northwest Hwy, Unit 500 Arlington Hts, IL 60004
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    Arlington Hts, IL 60004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500-550 W Northwest Hwy, Unit 500 Arlington Hts, IL 60004
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