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    Cor Of Rand Rd & Palatine Rd Arlington Heights, IL 60004

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, Multiple Units Available

    Lot size:
    8,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at the highly visible corner of Rand Road & Palatine Road in Arlington Heights, Illinois (zip code 60004), offers 8,400 square feet of completely vacant space, ideal for multiple tenants. The building is divisible, with a minimum leasable space of 2,400 square feet and a maximum contiguous space of 6,000 square feet. This presents a unique opportunity for businesses seeking flexible space options in a thriving retail environment. Situated in Cook County, this location boasts incredible visibility and accessibility, benefiting from over 67,000 vehicles passing daily. The property's strategic position between two major retail centers ensures high traffic and exposure. The surrounding area is densely populated, with over 321,000 people residing within a 5-mile radius and an impressive average household income of $132,000. This prime location offers unparalleled access to both Rand Road and Palatine Road, providing convenient access for customers and excellent visibility for businesses. The property's classification includes retail, commercial, drive-thru, small shop, restaurant, and outlot options, making it suitable for a diverse range of businesses. This is a rare opportunity to secure a prominent retail presence in a high-demand area.

    Property Features for 0 Cor Of Rand Rd & Palatine Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,400 SF

    Unit(s) available at that property

    Space
    11,000 - 15,000 SF Divisible
    Size
    15,000 SF
    Space
    Drive-Thru Outlot Opportunity
    Size
    900 SF

    HighLights

    • 8,400 SF of vacant retail space available for lease in Arlington Heights, IL (60004), divisible into units as small as 2,400 SF.
    • High visibility corner location at Rand Road & Palatine Road, with 62,800 vehicles per day.
    • Prime location between two major retail centers, surrounded by strong national tenants including Dick's, Jewel‑Osco, Amazon, Raising Cane's, Ross, and Best Buy.
    • Densely populated area with 321,000 people within a 5‑mile radius and an average household income of $137,000.
    • Dual access from Rand Road and Palatine Road, offering excellent visibility and convenient customer access. A new freestanding drive‑thru pad is also available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Arlington Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.9763842
    Latitude
    42.1099679

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, Multiple Units Available
    Where is this individual retail property located?
    The property is located at Cor Of Rand Rd & Palatine Rd Arlington Heights, IL.
    What are key features of this property?
    This property features: 8,400 SF of vacant retail space available for lease in Arlington Heights, IL (60004), divisible into units as small as 2,400 SF.; High visibility corner location at Rand Road & Palatine Road, with 62,800 vehicles per day.; Prime location between two major retail centers, surrounded by strong national tenants including Dick's, Jewel-Osco, Amazon, Raising Cane's, Ross, and Best Buy.
    Request Owner's contact information
    Cor Of Rand Rd & Palatine Rd Arlington Heights, IL 60004
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    Arlington Heights, IL 60004
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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
    Cor Of Rand Rd & Palatine Rd Arlington Heights, IL 60004
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