0 Cor Of Rand Rd & Palatine Rd Arlington Heights, IL 60004
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.