1300 Central Rd Arlington Heights, IL 60005

This exceptional 16,425-square-foot medical office building presents a compelling redevelopment opportunity in the thriving Arlington Heights, Illinois market. Located at the highly visible intersection of Central Road and Arthur Avenue, this property sits on a substantial 1.77-acre lot. Built in 1966 and renovated in 1978, the building offers two main floors plus a usable basement, providing ample space for a variety of uses. The asking price is $1,033,769, representing a low basis of $63 per square foot. The B-4 zoning allows for diverse redevelopment options, including retail, convenience stores, banks, medical offices, and general office space. This location benefits from its proximity to an affluent community with average household incomes exceeding $113,000 within a three-mile radius. The recent purchase of the Arlington Heights racetrack by the Chicago Bears and their plans for a new stadium and entertainment district further enhance the long-term potential of this property. This is a rare chance to acquire a significant asset in a rapidly developing area with strong demographics and flexible zoning. The property's size and location make it an ideal candidate for a variety of redevelopment projects, capitalizing on the area's growth and high demand for commercial space.