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    8 S Beverly Ln Arlington Heights, IL

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    For Sale
    $1,800,000

    Commercial land in Hickory/Kensington TIF District, Arlington Heights, IL.

    Lot size:
    1.07 Acres

    Property Features for 8 S Beverly Ln

    General Information

    Lot size
    1.07 Acres

    Source: CBRE | Chicago Agent David Erickson

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

    Overview

    Arlington Heights Commercial Land Opportunity

    Located in the Hickory/Kensington TIF District, this property encourages high-density residential and commercial/mixed-use development. Situated at the corner of Beverly & Campbell, the southern parcel is zoned B-2 General Business. The site features an operating business in a 19,887 sq. ft. building and a parking lot. The location is within the Prospect High School District, rated #28 Best Public High School in Illinois, and is within walking distance to the Metra Train Station. Traffic counts show 6,850 vehicles per day on E Kensington and 13,100 vehicles per day on E Northwest Highway. The property includes PIN Numbers 03-29-409-019 & 03-29-411-014.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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?
    Commercial land - Commercial land in Hickory/Kensington TIF District, Arlington Heights, IL.
    Where is this commercial land located?
    The property is located at 8 S Beverly Ln Arlington Heights, IL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Located in Hickory/Kensington TIF District encouraging high-density residential and commercial/mixed-use development.; - Operating business in a 19,887 sq. ft. building.; - Zoned B-2 General Business in the southern parcel.
    (630) 573-1280
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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
    8 S Beverly Ln Arlington Heights, IL
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