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    617 N Wilke Rd Arlington Hts, IL 60005

    For Sale
    $5,399,999

    Land - Arlington Heights, IL

    Lot size:
    0.50 Acres
    Days on Market:
    106
    Last Refresh:
    Dec 14 at 2:06 pm

    Property Features for 617 N Wilke Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SINGL
    APN
    03301190070000
    Lot size
    0.50 Acres

    Building Details

    Architectural style
    Other

    Realta Real Estate (847) 215-5555 [email protected]

    Listing agent Vencie Luna (847) 215-5555 License #475134272

    Listing date Aug 31, 2025

    MLS# 12456057 Listing URL

    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

    Prime Corner Lot Opportunity

    This property presents a prime development opportunity as the last corner lot in the area surrounding the new Bears stadium. The local mayor is open to considering various business opportunities for this lot, including the possibility of rezoning to accommodate multiple businesses. Potential uses for the property include a restaurant, boutique hotel, gift shops, fast food establishment, or parking facility. The lot size is 0.5 acres. The property is located in Arlington Heights, Illinois.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -88.0042133
    Latitude
    42.0891283

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    FAQs

    What type of property is this?
    Commercial land - Corner lot near new stadium, endless business possibilities.
    Where is this commercial land located?
    The property is located at 617 N Wilke Rd Arlington Hts, IL.
    What is the asking price?
    The asking price for this property is $5,399,999.
    What are key features of this property?
    This property features: - Last corner lot available near the new BEARS stadium.; - Prime development opportunity with potential for multiple businesses.; - Favorable political climate with a pro-business mayor.
    (847) 215-5555
    Request Owner's contact information
    617 N Wilke Rd Arlington Hts, IL 60005
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    Arlington Hts, IL 60005
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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
    617 N Wilke Rd Arlington Hts, IL 60005
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