1213-1221 Rand Rd, Arlington Heights, IL 60004
- Retail properties & Spaces
- 27,712 SF
- 1.72 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 1213-1221 Rand Rd
- Year built
- 1996
- Lot size
- 1.72 lot acres
- Property type
- Retail properties & Spaces
Description
This multi-tenant retail center, located at 1213-1221 E Rand Road in Arlington Heights, Illinois (Cook County, zip code 60004), offers a compelling value-add investment opportunity. The property, built in 1996, encompasses a total of 27,712 square feet across three units, with a net rentable area of 12,982 square feet. Currently, the center boasts 53% occupancy, anchored by AutoZone, which occupies 8,125 square feet under a NNN lease extending to September 2033. Other tenants include Crest Furniture. The property sits on a 1.72-acre lot and provides ample parking with over 80 spaces. Dual-sided monument signage along Rand Road ensures high visibility, benefiting from approximately 26,700 vehicles per day. The property is zoned B-2 (General Business District) and enjoys a prime location within a thriving commercial corridor. Nearby prominent retailers include Jewel Osco, Tony's Fresh Market, ALDI, Trader Joe's, Target, LA Fitness, Walgreens, Burlington, JoAnn Fabric & Crafts, Ross Dress for Less, Marshalls, Party City, Dollar Tree, Petco, Binny's Beverage Depot, Ulta Beauty, At Home, Floor & Décor, Sherwin Williams, Goodwill, Salvation Army, Zen Leaf, Raising Cane's, Starbucks, Dunkin', Subway, and Burger King. The property's strategic location is further enhanced by its proximity to Illinois Route 53 (two miles east), and Interstates 90 and 94 (five miles from each). This presents a strong opportunity for lease-up or owner-occupancy.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arlington Heights
- County
- Cook
- State
- Illinois
- Longitude
- -87.9689
- Latitude
- 42.1041
