- For Sale $1,516,500
- Property Type Other
- Property Size 11,850 SF
- Lot Size 0.76 SF
- Additional Rent Contact for pricing
- Date Updated Nov 3, 2024
Introducing an exceptional investment opportunity in the heart of Arlington Heights, Illinois, Located at 1707-1723 E. Central Rd. This property has a prime location near busy intersections and a well-established neighborhood and offers stable tenants and strong investment potential. With a competitive price of $1,516,500 and an attractive 8.00% cap rate, this 11,850 SF strip center is 88% leased, presenting immediate upside through lease-up opportunities. The area's affluent population of 132,233 residents and an average household income of $128,774 within a three-mile radius ensure a solid customer base for tenants. Additionally, the property is strategically positioned near major highways, O'Hare International Airport, and downtown Chicago. Don't miss out on this value-add neighborhood strip center with excellent growth prospects. Contact us today to seize this lucrative investment in a thriving community.
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Attachments
False
Contacts
Peter Block
Rachel Patten
Location
Getting Around
-
Walk Score ®
50/100 Car-Dependent -
Bike Score ®
67/100 Bikeable
- City Arlington Heights, IL
- Neighborhood Arlington Heights
- Zip Code 60005
- Market Chicago
Points of Interest
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Mount Prospect
1.36 miles
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Arlington Heights
1.69 miles
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Arlington Park
3.11 miles
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Des Plaines
4.21 miles
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Palatine
5.51 miles
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O'Hare Transfer
6.44 miles
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Terminal 1
6.66 miles
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Wood Dale
7.19 miles
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Terminal 5
7.29 miles
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Rosemont Blue Line Station
7.68 miles
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Shell
0.82 miles
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Mobil
1.44 miles
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Citgo
1.70 miles
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Meijer
2.01 miles
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Tesla Supercharger
2.04 miles
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ChargePoint
2.08 miles
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Amoco
2.19 miles
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EVgo
3.13 miles
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EverCharge
3.88 miles
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eVgo
4.18 miles
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Visitor Garage
1.49 miles
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P2
1.56 miles
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Emegency & Employee Garage
1.63 miles
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P7
1.66 miles
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Busse Center Garage
1.66 miles
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P6
1.70 miles
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Pace Northwest Point/Elk Grove Park-n-Ride
2.56 miles
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First Merit
2.95 miles
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Busse Forest South
2.99 miles
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Holiday Inn Express Chicago NW - Arlington Heights
1.68 miles
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Comfort Inn & Suites
1.73 miles
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Former Holiday Inn
1.74 miles
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Suburban Studios
1.76 miles
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Red Roof Inn
1.82 miles
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Courtyard Arlington Heights
1.83 miles
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Hampton Inn and Suites- Mount Prospect
1.91 miles
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Motel 6
1.94 miles
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DoubleTree Arlington Heights
1.96 miles
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Sheraton Suites Chicago Elk Grove
2.23 miles
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Culver's
0.54 miles
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Dondi's Pizza
0.91 miles
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Trezeros Italian Kitchen + Tap
1.05 miles
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Crazy Quesadilla
1.14 miles
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Mia's Cantina
1.16 miles
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Papa John's
1.18 miles
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Sozai Banzai
1.20 miles
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Chinese Munch In
1.20 miles
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Mr. Kimchi
1.25 miles
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Dunkin'
1.27 miles
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Westbrook Elementary School
0.15 miles
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Dryden Elementary School
0.61 miles
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Lincoln Middle School
0.80 miles
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Forest View Elementary School
0.89 miles
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Fairview Elementary School
0.92 miles
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Early Learning Center
0.96 miles
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Holmes Junior High School
1.01 miles
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Dunton School
1.05 miles
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Prospect High School
1.07 miles
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Timber Ridge School
1.11 miles
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KinderCare
1.53 miles
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Domowe Przedszkole w Des Plaines
2.87 miles
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Bright Horizons
3.98 miles
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Homey-Home Day Care
4.60 miles
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Kindercare
4.77 miles
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Kiddie Garden Child Care Center
5.56 miles
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Bright Horizons at Chancellory
5.90 miles
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Children's Land Learning Center
6.22 miles
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Learning Experience Childcare
6.40 miles
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Hoffman Estates KinderCare
8.35 miles
Frequently Asked Questions
How much does Strip Center - Arlington Heights, IL cost?
The space currently listed for sale at Strip Center - Arlington Heights, IL asks for $1,516,500.
What is the total square footage of Strip Center - Arlington Heights, IL?
Strip Center - Arlington Heights, IL totals 11,850 square feet.
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