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    427 E Rand Rd Arlington Heights, IL

    For Lease
    Contact for pricing

    Proposed freestanding drive-thru with high visibility in Arlington Heights.

    Property size:
    2,160 SF
    Lot size:
    0.33 Acres

    Property Features for 427 E Rand Rd

    General Information

    Size
    2,160 SF
    Lot size
    0.33 Acres

    Source: Mid-America Real Estate Group | Chicago Agent Brendan Reedy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Drive-Thru Opportunity

    This property presents a proposed freestanding drive-thru opportunity. It benefits from significant visibility at a primary intersection within Arlington Heights. The location is situated between two established centers in the market. The surrounding area has a population of 321,000 people within a 5-mile radius, with an average household income of $132,000.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Map

    City
    Arlington Heights
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.650338
    Latitude
    39.800566

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    FAQs

    What type of property is this?
    Drive through restaurant - Proposed freestanding drive-thru with high visibility in Arlington Heights.
    Where is this drive through restaurant located?
    The property is located at 427 E Rand Rd Arlington Heights, IL.
    What are key features of this property?
    This property features: - Proposed freestanding drive-thru; - Incredible visibility at the premier intersection in Arlington Heights; - High population density: 321,000 people within 5 miles
    (630) 954-7327
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    427 E Rand Rd Arlington Heights, IL
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    Arlington Heights, IL
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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
    427 E Rand Rd Arlington Heights, IL
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