Nec Rohlwing & Euclid Rolling Meadows, IL 60005
- Land
- 5.53 lot acres
Current Use by Public Records
- Land
Property Details for 0 Nec Rohlwing & Euclid
- Lot size
- 5.53 lot acres
- Property type
- Land
Description
Arlington Downs presents a unique opportunity to acquire 5.53 acres of commercial land in the thriving Cook County, Illinois market. Strategically located at the Northeast corner of Rohlwing and Euclid in Arlington Heights (zip code 60005), this property boasts an exceptional location, just a six-minute drive from downtown Arlington Heights and its Metra station. The site is part of an approved mixed-use planned development, encompassing retail, multi-family housing, senior housing, and hotel components. This development is adjacent to the former Arlington International Racecourse, now owned by the Chicago Bears, offering significant potential for synergy and increased visibility. The property includes parcels with APNs: 02-26-201-023-0000, 02-26-201-029-0000, 02-25-100-037-0000, 02-26-201-027-0000, and 02-25-100-039-0000. While a portion of the original planned development (5.75 acres of retail/commercial land) has been sold, significant acreage remains available for development, presenting opportunities for various uses, including commercial ventures or senior housing. The site's proximity to established amenities and its position within a dynamic, growing community make it an attractive investment prospect. Prior phases of the Arlington Downs development include a completed apartment conversion project with a rock-climbing facility (delivered in 2015) and a 263-unit apartment complex currently leasing (groundbreaking in 2019). This existing infrastructure provides context for the potential of this remaining land parcel.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rolling Meadows
- County
- Cook
- State
- Illinois
- Longitude
- -88.0267
- Latitude
- 42.0893
