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    1000 Hwy Arlington Heights, IL 60004

    For Sale
    $1,399,000

    12,320 SF Freestanding Building, $1.399M

    Property size:
    12,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 12,320-square-foot freestanding retail building in Arlington Heights, Illinois, presents a unique investment opportunity. Located at 1000 W Northwest Hwy, this single-story structure boasts a distinctive barrel vault roof truss system, creating a spacious, column-free interior with 15-foot clear ceiling heights. The property features ample parking for 75+ vehicles, a significant advantage in a high-traffic area. The building is fully sprinklered and equipped with central air conditioning via a roof-mounted unit, and benefits from a robust 600-amp electrical service. Situated on a substantial 49,223-square-foot lot, this property enjoys excellent visibility and is zoned B-2, offering flexibility for various uses. Its prime location near the proposed Chicago Bears stadium, along with nearby established businesses such as Dunkin', McDonald's, Jewel-Osco, Mariano's, and numerous restaurants and shops, ensures high foot traffic and strong potential for growth. The daily traffic count on Northwest Highway exceeds 15,271 vehicles. This property is ideal for owner-users or developers seeking a prominent location in a thriving community. The building's former use as a roller rink provides a unique history and adaptable layout. This is a rare opportunity to acquire a substantial commercial property in a high-demand area.

    Property Features for 1000 Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,320 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 12,320 SF single‑story building
    • Bow truss construction with open floor plan
    • 15' clear ceiling height
    • 600 Amp electrical service, fully sprinklered
    • 75+ car parking lot
    • Excellent user or redevelopment opportunity
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Map

    City
    Arlington Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.9954429
    Latitude
    42.0901353

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    FAQs

    What type of property is this?
    Individual retail property - 12,320 SF Freestanding Building, $1.399M
    Where is this individual retail property located?
    The property is located at 1000 Hwy Arlington Heights, IL.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: 12,320 SF single-story building; Bow truss construction with open floor plan; 15' clear ceiling height
    (312) 338-3001
    Request Owner's contact information
    1000 Hwy 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
    1000 Hwy Arlington Heights, IL 60004
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