1050 Arlington Hts Rd Arlington Heights, IL 60005
- Retail space
- 0.37 lot acres
Current Use by Public Records
- Savarino Salon & Spa / Hair Salon / Massage Spa
- Excellent Builders Inc / General Contractor
Property Details for 1050 Arlington Hts Rd
- Year built
- 1968
- Lot size
- 0.37 lot acres
- Property type
- Retail space
- APN
- 08-09-207-022
- APU
- 809207022
Description
This exceptional retail opportunity is located in a free-standing shopping center at a prominent corner location in Arlington Heights, just one mile from the downtown area. The property boasts a newly remodeled, all-brick building, completed in 2023, offering a total of 5,000 square feet across two suites. Currently, 2,500 square feet of prime retail space is available, divisible to a minimum of 2,500 square feet. The space features 10-foot-high windows providing excellent street visibility and showcasing your business to its best advantage. Interior highlights include two ADA-compliant bathrooms and energy-efficient LED ceiling lighting. The property benefits from ample parking with 30 spaces in a newly paved and striped lot. Exterior features include an oversized, landscaped monument sign, ensuring maximum brand exposure. This single-story building is situated in Cook County and presents a fantastic chance to establish or expand your business in a high-traffic area. The space is ideal for a variety of retail uses, particularly those that benefit from high visibility and ample parking. Don't miss this opportunity to secure a prime location in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $415,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $405,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $440,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $380,000
- Mixed-Use
- $420,000
- Hospitality
- $475,000
- Educational
- $470,000
- Residential Income
- $380,000
- Energy
- $485,000
- Income-Based Land
- $415,000
- Food Service
- $400,000
Location Insight
- Map
- Local Demand
- City
- Arlington Heights
- County
- Cook
- State
- Illinois
- Longitude
- -87.9803
- Latitude
- 42.0645
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA