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Retail Space with Brick Façade
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For Lease
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506 W Northwest Highway, Arlington Heights, IL 60004

Commercial Lease, Arlington Heights, IL

Space SizeContact for details
Days on Market1

Property Features for 506 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

Amenities

new 10 foot windows and doors
new ceiling tiles
LED ceiling fixtures
freestanding sign
new asphalt parking lot
updated ADA bathroom
laminated floor

Building Details

Year built 2018
Floors in Building 1
Number of units 10
Flooring type Vinyl
Building materials Brick
Roof type Membrane
Listing Agency: USA Real Estate Ltd.
Listed By: Joe Zivoli · License #ILLINOIS471-001855
Added: Sep 4 Last Checked: Sep 4 at 6:06PM
MLS# 12751514

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 retail space at 506 W Northwest Highway features a brick exterior, updated interior finishes, and a practical storefront configuration. Improvements include a new façade with 10-foot windows and doors, LED ceiling fixtures, new ceiling tiles, an updated ADA bathroom, and a freestanding sign. The property was built in 2018 and includes central air, a membrane roof, and natural gas availability.

The property is located across from the Metra train station and near downtown Arlington Heights. An asphalt parking lot provides on-site parking, while COMMR zoning supports its commercial setting.

Key Highlights

  • Brick façade with 10‑foot windows and doors
  • Across from the Metra train station near downtown Arlington Heights
  • Updated ADA bathroom and LED ceiling fixtures

Property Analytics

Current Use

Retail space

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

990
Businesses Nearby
50k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 95% Dining 5%
Dollar Tree Shops & Services
21,897 visits/mo 0.2 miles
Party City Shops & Services
11,101 visits/mo 0.2 miles
Petco Shops & Services
7,220 visits/mo 0.2 miles
FedEx Office Print & Ship Center Shops & Services
4,222 visits/mo 0.3 miles
Which Wich? Superior Sandwiches Dining
2,406 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
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Frequently Asked Questions

What type of property is this?
Retail space - Remodeled commercial space with central air, an updated ADA bathroom, LED lighting, and an asphalt parking lot.
Where is this retail space located?
The property is located at 506 W Northwest Highway Arlington Heights, IL.
What are key features of this property?
This property features: Brick façade with 10‑foot windows and doors; Across from the Metra train station near downtown Arlington Heights; Updated ADA bathroom and LED ceiling fixtures
More about this property
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