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    1736-1778 W Algonquin Rd Arlington Heights, IL

    For Lease
    Contact for pricing

    Retail shopping center undergoing complete redevelopment near Woodfield Mall.

    Property size:
    4,000 SF
    Lot size:
    3.84 Acres

    Property Features for 1736-1778 W Algonquin Rd

    General Information

    Size
    4,000 SF
    Lot size
    3.84 Acres

    Source: Brookline Real Estate Agent Bill Lundy

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

    Overview

    Retail Space in Arlington Heights

    Arlington Grand Plaza is a 40,877 square foot retail shopping center located on Algonquin Road in Arlington Heights, Illinois. The property is situated one block from I-90 and I-290 access ramps, within the Woodfield Mall Trade Area retail corridor. The center is currently undergoing a complete redevelopment, with plans for modernized facades, a new parking lot, and new landscaping. Pylon signage will be featured on Algonquin Road, which sees 27,000 daily vehicles. The center is located directly across from a Shell Gas Station and Dunkin’. Nearby businesses within one block include McDonald’s, Walmart, Starbucks, 7-Eleven, Auto Zone, Fifth Third Bank, and Lowe’s. The property is densely surrounded by residential complexes and subdivisions.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Similar Places Nearby

    Old Town Mall

    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?
    Shopping center - Retail shopping center undergoing complete redevelopment near Woodfield Mall.
    Where is this shopping center located?
    The property is located at 1736-1778 W Algonquin Rd Arlington Heights, IL.
    What are key features of this property?
    This property features: - High-traffic location on Algonquin Road (27,000 daily vehicles) with **new pylon signage**.; - Undergoing **complete redevelopment** including modernized facades, new parking lot, and enhanced landscaping.; - Located in the busy Woodfield Mall Trade Area retail corridor, one block from I-90 and I-290 access ramps.
    (630) 590-5910
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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
    1736-1778 W Algonquin Rd Arlington Heights, IL
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