3025 Salt Creek LnArlington Heights, IL 60005

Property Details for 3025 Salt Creek Ln

Year built

1982

Lot size

2.56 AC

Property type

Retail space

Property subtype

Storefront properties

APN

02-25-100-020

APU

225100020

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $29,598,710

  6.5%

  $27,321,886

  7%

  $25,370,322

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,529,566

  Geo Method

  $36,602,240

• Alternative Use

  Use

  Valuation

  Residential

  $23,047,032

  Hospitality

  $21,110,958

  Educational

  $17,564,070

  Medical

  $18,168,124

  Retail

  $27,321,886

Location Insight

City

Arlington Heights

County

Cook

State

Illinois

Latitude

42.0889

Longitude

-88.0217

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].