Property profile

3025 Salt Creek Ln Arlington Heights, IL 60005

FOR SALE
Retail space
Property ID
US28-1491860
2.56 ac lot Built 1982
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1982
Lot 2.56 ac (111,514 SF)
APN 02-25-100-020
UPID US28-1491860

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket
  • Corporate Office Business Park

Location

3025 Salt Creek Ln Arlington Heights, IL 60005
Arlington Heights metro Census 803901 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.58M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.58M

Owner & transaction history

since 2023
Last sale
$2.4M
6 recorded transactions
2023
$2.4M
2017
Price N/A
2013
Price N/A
2008
Price N/A
1998
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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