Retail Center on Algonquin
For Lease
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1736 W Algonquin Rd, Arlington Heights, IL 60005
40,877 SF retail center undergoing complete redevelopment.
Space Size5,100 SF
Property Size40,877 SF
Days on Market1239
Property Features for 1736 W Algonquin Rd
General Information
Standard status
Active
Size
5,100 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Building Size
40,877 SF
Tenancy
Multiple
Spaces For Lease
at 1736 W Algonquin Rd
1742
Active
Size
5,100 SF
Listing Agency:
Brookline Real Estate
Listed By:
Michael Asfour · License #IL
(630) 590-5910
Source:
Crexi
Added: Jun 1, 2023
Changed: Oct 15
Last Checked: Oct 20 at 8:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brookline Real Estate
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Investment Insights
Based on property information with market context.
Arlington Grand Plaza is a 40,877 square foot retail shopping center located on Algonquin Road in Arlington Heights, Illinois. The center is undergoing a complete redevelopment, with plans for modernized facades, a new parking lot, and new, enhanced landscaping. New pylon signage will be featured on Algonquin Road, which sees 27,000 daily vehicles. The center is located one block from I-90 and I-290 access ramps, within the Woodfield Mall Trade Area retail corridor. It is situated directly across from a Shell Gas Station and Dunkin', and 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.
Key Highlights
- 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.
- Excellent access to I‑90 and I‑290, located one block from access ramps.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,285
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60005, IL
30,221
Population
13,511
Households
2.2
Avg Household Size
43
Median Age
57%
College-Educated
94%
High-School Grad
6.6 sq mi
ZIP Area
4,579
Density / Sq Mi
$100,304
Median Household Income
$62,323
Median Earnings
$1,621
Median Rent
$376,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Shopping center - 40,877 SF retail center undergoing complete redevelopment.
Where is this shopping center located?
The property is located at 1736 W Algonquin Rd Arlington Heights, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
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**.; Excellent access to I‑90 and I‑290, located one block from access ramps.
