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Sec Rand Rd & Palatine Rd Arlington Heights, IL

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For Lease
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Retail spaces for lease with redevelopment and high traffic counts.

Property size:
11,841 SF
Lot size:
7.68 Acres

Property Features for Sec Rand Rd & Palatine Rd

General Information

Size
11,841 SF
Lot size
7.68 Acres

Source: Mid-America Real Estate Group | Chicago Agent Brian Adams

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


Overview

Rand Road Retail Redevelopment Opportunity

This retail property is situated between three major six-lane roads in the heart of the Rand Road corridor, presenting a redevelopment opportunity. Comprehensive updates are planned, including a new parking lot, lighting, landscaping, facades, and awnings. The property is in close proximity to a major intersection with combined traffic counts exceeding 190,000 vehicles per day. A new multi-tenant building on Palatine Road with a drive-thru is scheduled for delivery in Spring 2023. Chipotle is relocating to a freestanding location with a Chipotlane, with an opening planned for Spring 2023. New At Home furniture is coming in February 2023. The south shop area is available for sale or lease redevelopment, with outlots up to 40,000 square feet or build-to-suit options on approximately 2.21 acres. Redevelopment of common areas is scheduled to start in Summer 2023. Join new tenants such as Chipotle, AT&T, Consumers Credit Union, and future Bibibop. New At Home furniture is now open. South Shops retail space is available for lease, with the ability to divide or combine spaces. Plans are in place for a facade uplift to the South Shops, along with shopping center enhancements including a new parking lot, landscaping, and lighting. The property offers 11,841 square feet of retail space.
Location Intelligence

Current Use by Public Records

Shopping centers

Similar Places Nearby

Old Town Mall

Map

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

FAQs

What type of property is this?
Shopping center - Retail spaces for lease with redevelopment and high traffic counts.
Where is this shopping center located?
The property is located at Sec Rand Rd & Palatine Rd Arlington Heights, IL.
What are key features of this property?
This property features: - Redevelopment opportunity in the heart of the Rand Rd corridor.; - Proximity to major intersection with combined traffic counts exceeding 190,000 VPD.; - New Multi-tenant building on Palatine Rd with drive-thru (Delivery Spring 2023).
More about this property
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