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    1300 E Central Rd Arlington Heights, IL

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    For Sale
    $1,033,769

    Multi-tenant medical office building for redevelopment on 1.77 acres.

    Property size:
    16,425 SF
    Lot size:
    1.15 Acres

    Property Features for 1300 E Central Rd

    General Information

    Size
    16,425 SF
    Lot size
    1.15 Acres

    Source: STREAM Capital Partners Agent Jordan Shtulman

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

    Overview

    Arlington Heights Redevelopment Opportunity

    This multi-tenant medical office building presents a redevelopment opportunity at the signalized hard corner of Central Rd. & Arthur Ave. in Arlington Heights, IL. The property has 16,425 square feet across two main floors and a usable basement, situated on a 1.77-acre lot. Zoned B-4, the property allows for various reuse options, including retail stores, convenience stores, banks, medical offices, and general offices. The location is in Arlington Heights, an affluent northwest Chicago suburban community with average household incomes of $113,000 within a 3-mile radius. The Chicago Bears have purchased the Arlington Heights racetrack and are proposing a new stadium and entertainment district on the site.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Similar Places Nearby

    March Animal Hospital, March Animal Hospital: Feucht Erin DVM, Dr. Silvana Beloiu

    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?
    Medical office - Multi-tenant medical office building for redevelopment on 1.77 acres.
    Where is this medical office located?
    The property is located at 1300 E Central Rd Arlington Heights, IL.
    What is the asking price?
    The asking price for this property is $1,033,769.
    What are key features of this property?
    This property features: - Redevelopment opportunity on a 1.77-acre corner lot at a signalized intersection.; - Low basis of $63 PSF at the asking price.; - Zoning (B-4) allows for diverse reuse options like retail, office, or medical.
    (312) 899-6664
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    1300 E Central Rd 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
    1300 E Central Rd Arlington Heights, IL
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