1910 Central RdRolling Meadows, IL 60005

Property Details for 1910 Central Rd

Year built

1988

Lot size

0.50 AC

Property size (Sq ft)

405 SF

Property type

Retail space

APN

03-31-302-018

APU

331302018

Description

This exceptional 1,625 square-foot retail space is situated in a vibrant, high-traffic location within a Subway-anchored retail center in Rolling Meadows, Illinois. The property boasts a prime hard corner location with excellent visibility, thanks to pylon signage visible from four directions. The convenient location offers two points of ingress and egress, ensuring easy access for customers and ample parking. The surrounding area includes a gas station and the Arlington Lakes Golf Club, contributing to a diverse and active customer base. This retail center benefits from its position on the intersection of New Wilke Road and Central Road, a heavily trafficked retail corridor just north of Algonquin Road, a major thoroughfare. The property's strategic location provides easy access to major transportation arteries, being only one mile from the intersection of I-90 and I-290, and a short two-mile drive to the significant Woodfield Mall trade area. The property is ideal for a variety of retail uses, including restaurants and dry cleaners, given its existing tenant mix and high visibility. The single-story building offers a versatile layout, making it an attractive option for businesses seeking a well-positioned retail space in a thriving commercial area. This is a rare opportunity to secure a prominent retail space in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $107,498

  6.5%

  $99,228

  7%

  $92,141

• Comparable approach

  Method

  Valuation

  Relative Method

  $103,615

  Geo Method

  $132,933

• Alternative Use

  Use

  Valuation

  Residential

  $83,703

  Hospitality

  $76,671

  Educational

  $63,790

  Medical

  $65,984

  Retail

  $99,228

Location Insight

City

Rolling Meadows

County

Cook

State

Illinois

Latitude

42.067

Longitude

-88.0045

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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