3025 Salt Crk Ln Arlington Heights, IL 60005
- Retail space
- 2.56 lot acres
Current Use by Public Records
- HyTop / Supermarket / Grocery Store
- Golden Bay / Corporate Campus
Property Details for 3025 Salt Crk Ln
- Year built
- 1982
- Lot size
- 2.56 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 02-25-100-020
- APU
- 225100020
Description
This exceptional 2.55-acre commercial land parcel presents a unique development opportunity in the thriving Arlington Heights market. Located at 3025 Salt Creek Ln, Arlington Heights, IL 60005, this property boasts a highly desirable B-3 zoning designation, opening doors to a diverse range of development possibilities. Ideal uses include multifamily residential, hotel, retail, or medical facilities. Its strategic location offers unparalleled visibility and accessibility. Situated just 300 yards from the Arlington Racecourse and two blocks from Route 53, this site benefits from exceptional proximity to major transportation arteries and high-traffic areas, ensuring significant exposure for any future development. The Cook County location provides access to a robust infrastructure and a strong local economy. With its expansive 2.55 acres, this site offers ample space for a substantial project, promising significant returns on investment. Don't miss this chance to acquire a premier development site in a prime location. This property is ready for your vision.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,575,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,465,000
- 6.5%
- $2,475,000
- 7%
- $2,135,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,410,000
- Geo Method
- $2,665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,585,000
- Retail
- $2,235,000
- Mixed-Use
- $2,225,000
- Hospitality
- $2,430,000
- Educational
- $2,560,000
- Residential Income
- $2,015,000
- Energy
- $2,340,000
- Income-Based Land
- $2,275,000
- Food Service
- $1,940,000
Location Insight
- Map
- Local Demand
- City
- Arlington Heights
- County
- Cook
- State
- Illinois
- Longitude
- -88.0217
- Latitude
- 42.0889
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
