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Retail Strip Center Storefronts
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500-550 W Northwest Highway, Arlington Heights, IL 60004

COMMERCIAL - Arlington Heights, IL

Days on Market618

Property Features for 500-550 W Northwest Highway

General Information

Property type Commercial Lease
Property subtype Retail
Zoning COMMR
Directions NORTHWEST HIGHWAY WEST OF ARLINGTON HEIGHTS ROAD
Subdivision Arlington Heights
Standard status Active

Taxes and HOA fees

Tax Year 2023

Utilities

Utilities Natural Gas Available
Cooling system Central Air

Building Details

Year built 2018
Floors in Building 1
Number of units 10
Building materials Brick
Roof type Membrane
Listing Agency: USA Real Estate Ltd.
Listed By: Joe Zivoli · License #471001855
Added: Nov 20, 2024 Changed: Jul 28 Last Checked: Jul 31 at 12:06AM
MLS# 12214375

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This listing offers retail storefront space in a strip center configuration, with multiple addresses included in the range of 500–550 W Northwest Highway. The property is classified as “Storefront properties” and “Retail properties & Spaces,” and is being offered for rent.

The center is located in Arlington Heights, IL 60004, in Cook County, with zoning identified as COMMR. Leasing terms and specific unit sizes or frontage details are not provided in the available information.

For prospective tenants and brokers, this represents a straightforward retail storefront opportunity in a multi-unit retail setting, suited to users seeking space within an established retail property in the Arlington Heights area.

Key Highlights

  • Brick construction
  • Central air cooling
  • Built in 2018

Property Analytics

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Parking Lot & Garage Pharmacy Law Firm Auto Repair Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

353
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 97% Shops & Services 3%
McDonald's Dining
15,318 visits/mo 0.2 miles
Dunkin' Donuts Dining
6,609 visits/mo 0.1 miles
Gerber Collision & Glass Shops & Services
780 visits/mo 0.2 miles

Demographics for 60004, IL

52,546
Population
21,181
Households
2.5
Avg Household Size
42
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
4,734
Density / Sq Mi
$124,962
Median Household Income
$66,476
Median Earnings
$1,703
Median Rent
$415,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Blue daisey floral 1215 e waverly pl, arlington heights, il 60004
  • Sylvia's - Amling's Flowers 1820 N Arlington Heights Rd, Arlington Heights, IL 60004

Frequently Asked Questions

What type of property is this?
Storefront property - Retail storefronts are available within a strip center on W Northwest Highway in Arlington Heights.
Where is this storefront property located?
The property is located at 500-550 W Northwest Highway Arlington Heights, IL.
What are key features of this property?
This property features: Brick construction; Central air cooling; Built in 2018
More about this property
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