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    115 West Rand Rd Arlington Heights, IL

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    For Lease
    Contact for pricing

    Retail space with high visibility and strong tenant mix.

    Property size:
    2,201 SF
    Lot size:
    17.07 Acres

    Property Features for 115 West Rand Rd

    General Information

    Size
    2,201 SF
    Lot size
    17.07 Acres

    Source: Brixmor Property Group | Detroit Agent Brian Mychajluk

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

    Overview

    Retail Space in Arlington Heights

    This retail space is located in Arlington Heights, Illinois. The property benefits from a diverse mix of regional and national tenants, including Trader Joe's, Ulta Beauty, Petco, and Binny's Beverage Depot. The location attracts an estimated 8,000+ visits daily and 3 million+ annually (Placer.ai 2024). The surrounding area has a dense, affluent population of 137,000+ residents within a 3-mile radius, with an average household income of $131,000+. The property offers excellent visibility and four access points, including a signalized entrance. Traffic counts are high, with 38,000+ vehicles daily on Palatine Road, 24,000+ on Arlington Heights Road, and 24,000+ on US-12 (Kalibrate 2021). The property size is 2,201 square feet.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Arlington Heights Promenade, Northpoint Shopping Mall, Town & Country Center, Southpoint Shopping Center, Annex of Arlington

    Location Insight

    • Map
    • Local Demand
    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 space with high visibility and strong tenant mix.
    Where is this shopping center located?
    The property is located at 115 West Rand Rd Arlington Heights, IL.
    What are key features of this property?
    This property features: - High daily foot traffic (8K+) and annual visits (3M+) driven by popular tenants.; - Located in an affluent area with a dense population (137K+ residents) and high average household income ($131K+ within 3 miles).; - Excellent visibility and accessibility with four access points, including a signalized entrance.
    (248) 476-6672
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    115 West 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
    115 West Rand Rd Arlington Heights, IL
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