1736 Algonquin Rd Arlington Heights, IL 60005
- Retail space
- 0.12 lot acres
Current Use by Public Records
- R A C Acceptance / Furniture Rental Service
Property Details for 1736 Algonquin Rd
- Year built
- 1977
- Lot size
- 0.12 lot acres
- Property type
- Retail space
- APN
- 08-08-401-032
- APU
- 808401032
Description
Arlington Grand Plaza, a 40,877 square foot retail center in Arlington Heights, IL, is undergoing a complete redevelopment. This single-story property, located on busy Algonquin Road, offers a unique opportunity for multiple tenants. Its strategic location, one block from I-90 and I-290 access ramps, places it within the high-traffic Woodfield Mall Trade Area. The redevelopment includes modernized facades, a new parking lot, and enhanced landscaping, creating a fresh and appealing environment. A new pylon sign on Algonquin Road (27,000 daily vehicles) will ensure high visibility. The property benefits from excellent neighboring businesses, including a Shell Gas Station, Dunkin', McDonald's, Walmart, Starbucks, 7-Eleven, Auto Zone, Fifth Third Bank, and Lowe's, ensuring high foot traffic and convenient access for patients and customers. The surrounding area is densely populated with residential complexes and subdivisions, providing a strong local market. The property's diverse subtype offerings, including medical office, drive-thru, and fitness spaces, cater to a wide range of potential tenants. No elevators are present in this single-story building. This Cook County property presents a compelling investment opportunity in a thriving retail corridor.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,450,000
- 6.5%
- $3,580,000
- 7%
- $3,750,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,160,000
- Geo Method
- $4,120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,235,000
- Retail
- $3,685,000
- Mixed-Use
- $3,735,000
- Hospitality
- $3,365,000
- Educational
- $3,460,000
- Residential Income
- $3,640,000
- Energy
- $3,740,000
- Income-Based Land
- $4,395,000
- Food Service
- $3,455,000
Location Insight
- Map
- Local Demand
- City
- Arlington Heights
- County
- Cook
- State
- Illinois
- Longitude
- -88.0068
- Latitude
- 42.0586
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
