10 Arlington Heights RdArlington Heights, IL 60005

For Sale
$5,263,500
4.11 Acres, Prime Location, B-3 Zoning

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 4.11-acre commercial land parcel presents a remarkable investment opportunity in Arlington Heights, Illinois. Located at 10 E. Arlington Heights Road, this property boasts a highly desirable B-3 General Service zoning, allowing for a wide range of commercial uses. The site benefits from its strategic location within the South Arlington Heights Road Corridor Plan and a designated Tax Increment Financing (TIF) District, offering potential economic advantages. Its comprehensive plan designation supports mixed-use development, maximizing its potential. The property enjoys significant frontage along both Arlington Heights Road and Algonquin Road (Rt. 62), creating exceptional visibility and accessibility. The hard corner location at a lighted intersection further enhances its appeal. Its proximity to the I-90 full interchange provides unparalleled connectivity. High traffic counts are a key feature: 26,900 vehicles daily on Arlington Heights Road, 26,000 on Algonquin Road, and a combined 147,300 vehicles and 10,300 trucks daily on I-90. Adding to its utility are two full access easements off Tonne Drive. The property's PIN numbers are 08-16-202-025, 08-16-202-029, and 08-16-202-030. The asking price for this prime commercial land is $5,263,500. Additional information is available upon request. This is a rare opportunity to acquire a strategically located, high-traffic commercial property with significant development potential.

Highlights

  • B-3 General Service zoning, with potential multi-family overlay.
  • Located within the South Arlington Heights Road Corridor TIF District.
  • Mixed-use designation in the Comprehensive Plan.
  • Frontage on Arlington Heights and Algonquin Roads.
  • High-visibility hard corner with lighted intersection.
  • Excellent access to I-90 full interchange.

Property Details for 10 Arlington Heights Rd

Property type
Land
Lot Size (sq. ft)
179,032 SF

Location Insight

City
Arlington Heights
County
Cook
State
Illinois
Latitude
42.0629592
Longitude
-87.9798016
10 Arlington Heights Rd, Arlington Heights, Illinois

FAQs

What type of property is this?
Land - 4.11 Acres, Prime Location, B-3 Zoning
Where is the land located?
The property is located at 10 Arlington Heights Rd Arlington Heights, IL.
What is the asking price?
The asking price for this property is $5,263,500.
What are key features of this property?
This property features: B-3 General Service zoning, with potential multi-family overlay.; Located within the South Arlington Heights Road Corridor TIF District.; Mixed-use designation in the Comprehensive Plan.
How can I contact the broker?
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10 Arlington Heights Rd
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