1505 Arlington Hts Rd Arlington Heights, IL 60005
This exceptional 4.6-acre parcel located at 1505 S. Arlington Heights Rd, Arlington Heights, IL 60005, presents a compelling development opportunity. Situated in Cook County, this property boasts a strategic location along Arlington Heights Road, offering excellent visibility and accessibility. Currently zoned R-1, the land is surrounded by attractive residential properties, yet enjoys proximity to a thriving commercial corridor. This presents a unique chance to capitalize on the existing residential context while exploring the potential for rezoning to accommodate a commercial development. The site's 4.6 acres provide ample space for a variety of projects, making it an attractive investment for developers seeking a prime location with significant upside. The latitude and longitude coordinates are 42.056708, -87.980534 respectively. Given its location and potential for rezoning, this property offers a rare blend of residential tranquility and commercial viability. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers. The property is classified as commercial land.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.