Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3700 Wilke Rd Arlington Heights, IL 60004-1200

    • Motels
    • 5.02 lot acres
    OFF-MARKET
    Value Estimation
    $7,450,000
    Last Sale
    Sep 15, 2023
    $6,960,000
    Location Intelligence
    Property ID
    US28-1881567
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Comfort Inn & Suites / Hotel
    • 3700 North Wilke Road Parking / Parking Lot
    • Comfort Inn & Suites- Arlington Heights / Hotel
    • harper college / School

    Property Details for 3700 Wilke Rd

    Year built
    1988
    Lot size
    5.02 lot acres
    Property type
    Motels
    APN
    02-01-401-020
    APU
    201401020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,745,000
      6.5%
      $7,475,000
      7%
      $6,875,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,320,000
      Geo Method
      $7,775,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,360,000
      Retail
      $6,775,000
      Mixed-Use
      $6,275,000
      Hospitality
      $6,775,000
      Educational
      $8,320,000
      Residential Income
      $7,050,000
      Energy
      $6,975,000
      Income-Based Land
      $7,350,000
      Food Service
      $8,475,000

    Location Insight

    • Map
    • Local Demand
    City
    Arlington Heights
    County
    Cook
    State
    Illinois
    Longitude
    -88.0054
    Latitude
    42.1433
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $367,006
    $547,002
    $727,783
    $1,274,785
    -
    $2,188,008
    $2,911,132
    $5,099,140

    Comparable in this City

    • Value Estimation
      $375,000
      7,299 SF

      2323 Rand Rd

      MOTEL • 7,299 SF
      2323 Rand Rd, Arlington Heights, IL 60004-5873
      View Details
    • Value Estimation by Request
      0.50 Acres

      1415 Dundee Rd

      MOTEL • 0.50 Acres
      1415 Dundee Rd, Arlington Heights, IL 60004-1424
      View Details
    • Value Estimation
      $1,410,000
      1.68 Acres

      1415 Dundee Rd

      MOTEL • 1.68 Acres
      1415 Dundee Rd, Arlington Heights, IL 60004-1424
      View Details
    • Value Estimation by Request
      1,800 SF

      3424-3448 Old Arlington Heights Rd

      Medical offices • 1,800 SF
      3424-3448 Old Arlington Heights Rd, Arlington Heights, IL 60004
      View Details
    • Value Estimation by Request

      2550 Jade Ave

      STORE, RETAIL OUTLET
      2550 Jade Ave, Arlington Heights, IL 60004-8433
      View Details
    • Value Estimation by Request
      0.08 Acres

      714 Kensington Rd

      INDUSTRIAL (GENERAL) • 0.08 Acres
      714 Kensington Rd, Arlington Heights, IL 60004-6201
      View Details

    Similar Nearby for Sale

    • $7,250,000
      47,700 SF

      Days Inn Arlington Heights Hotel

      121-Unit Hotel, High ROI, Near O'Hare
      1415 Dundee Rd, Arlington Heights, IL 60004
      View Details
    • $6,950,000
      47,700 SF

      Days Inn & Suites: Arlington Heights

      121-unit hotel, prime location, strong ROI.
      1415 West Dundee Road, Arlington Heights, IL 60004
      View Details
    • $220,000
      0.41 Acres

      Arlington Heights Land Opportunity

      Partially improved land with subdivision potential in prime location.
      2100 N Ridge Rd, Arlington Hts, IL 60004
      View Details
    • $219,999

      Well-Maintained Condo Near Lake Arlington

      Move-in ready 2-bedroom condo with recent upgrades and community amenities.
      2620 N Windsor Dr, Arlington Hts, IL 60004
      View Details
    • $189,999

      Arlington Heights Condo with Amenities

      Well-maintained 2 bed, 2 bath condo with modern amenities.
      2622 N Windsor Dr, Arlington Hts, IL 60004
      View Details
    • Contact for pricing
      60,638 SF

      Prime Arlington Heights Retail Site

      High-traffic location, redevelopment potential.
      0 Sec Dundee Rd & Arlington Hts Rd, Arlington Heights, IL 60004
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      90,929 SF

      Arlington Heights Office Space

      Seven buildings, 90,929 sq ft, flexible suites.
      3205-3231 Wilke Rd, Arlington Heights, IL 60004
      View Details
    • Contact for pricing
      179,903 SF

      Established Dental Office End Unit

      Dental office end unit in shopping center with ample parking.
      1530 E Hintz Rd, Arlington Hts, IL 60004
      View Details
    • Contact for pricing
      8,400 SF

      Arlington Heights Retail Center

      Prime Retail Space, Multiple Units Available
      0 Cor Of Rand Rd & Palatine Rd, Arlington Heights, IL 60004
      View Details
    • Contact for pricing

      Retail Space Near Train Station

      Remodeled retail space near downtown Arlington Heights train station.
      500-550 W Northwest Hwy, Arlington Hts, IL 60004
      View Details
    • Contact for pricing
      27,007 SF

      Arlington Heights Office Building

      Prime Office Space, Multiple Suites Available
      3233 Arlington Hts Rd, Arlington Heights, IL 60004
      View Details
    • Contact for pricing
      1,325 SF

      Arlington Heights Retail Space

      Prime 1,325 SF Retail Space Available
      1021 Dundee Rd, Arlington Heights, IL 60004
      View Details

    Property Visit Statistics

    • Visits by month
      2.3k
    • Visitors by month
      1.7k
    • Avg Time on site
      460 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3700 Wilke Rd
    Arlington Heights, IL 60004-1200
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.