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1029-1035 S Arlington Heights Rd

Arlington Heights, IL 60005

$525,000

Restaurant For Sale  •  4,000 Sq Ft

Property Details

  • Property Type Restaurant
  • Total Building Size 4,000 Sq Ft
  • Lot Size 0.21 ac
  • Building Class C
  • Year Built 1963
  • Tenancy Multiple
  • Zoning C-1
13 Transit Score
51 Walk Score

Description

Small Strip Center With Restaurant and 3 Retail Spaces - For Sale On Arlington Heights Rd In Arlington Heights, IL!

Incredible opportunity to purchase a small strip center with a large restaurant and 3 other retail spaces.

Property Details: 
- 4,000 SqFt Masonry & Brick Strip Center With 4,000 SqFt Basement
- Restaurant + 3 Retail Storefronts
- Situated On 9,200 SqFt or 0.21 Acre
- Front Parking Lot 
- Real Estate Taxes Approx. $38,000

Restaurant and 1 retail space already leased out, currently bringing in $4,800/mth in gross income. The 2 vacant spaces are 400 sqft & 600 sqft - when rented out will bring in an additional $1,800/mth. Can also increase the bottom line by reducing real estate taxes on the building by $10,000 year!

Location: Prime retail space, a centrally located strip center in Arlington Heights, a highly desirable northwest suburb. Perfectly situated on Arlington Heights Rd with over 59,000 cars a day. 

Convenient location! Just a few blocks from Northwest Community Hospital, the Park District, US Army Rescue Center and more. Also 5 minutes from Arlington Race Track. Surrounded by a vast area of industrial, commercial, retail and residential.

Year Established: 1982 

Property: 9,200 SqFt or 0.21 Acre

Square Feet: 4,000

Days/Hrs of Operation: Vary by each storefront

Gross Income: $57,800 (Possible $79,200 With Additional 2 Spaces Leased Out)

Value Of FF&E: Included in Asking Price 

Seller Financing: No 

Reasons for Selling: Retiring 

Competition/Market: This strip center is ideally positioned in the heart of Arlington Heights. And Arlington Heights Rd is the main street running north-south through all of central Arlington Heights. There is also direct access to Interstate 90 with a full interchange at Arlington Heights Rd. A great location which boasts an excellent transportation infrastructure with convenient access to Chicago, O'Hare and the entire Chicagoland area.

Arlington Heights is an attractive destination for homebuyers, shoppers, businesses and visitors with its dynamic economy, award-winning schools, library, park district and highly acclaimed Northwest Community Hospital.

Growth & Expansion: Also, one of the most populous communities in the United States with over 75,000 residents. Has experienced a recent boom in the development of condos, restaurants and other businesses. This is a rare opportunity, land and space is now limited in this sought-after northwest suburb!

Highlights

Centrally Located Strip Center in The Heart Of Arlington Heights - A Highly Desirable, Sought After Northwest Suburb
Perfectly Situated On Arlington Heights Rd With 59k+ VPD - The Main St Running N-S Through All Of Central Arlington Heights - Full Interchange To I-90
Convenient Location - Blocks From Northwest Community Hospital, Park District, US Army Rescue Center & More - Also 5 Minutes From Arlington Race Track
Arlington Heights Is Attractive To Homebuyers, Shoppers, Businesses & Visitors w/Its Dynamic Economy, Award-Winning Schools, Library, Parks & Hospital
Also One Of The Most Populous Communities In The United States With Over 75,000 Residents
Has Experienced A Recent Boom In The Development Of Condos, Restaurants & Other Businesses - This Is A Rare Opportunity, Land & Space Is Now Limited

Major Tenants

Tenant SF Occupied Lease End Date
Chowpatti Vegetarian Restaurant

Amenities

  • Air Conditioning
  • Pylon Sign
  • Restaurant

Public Transportation

Commuter RailDriveWalkDistance
Arlington Heights Station Commuter Rail (Union Pacific Northwest Line) 5 min - 1.5 mi
Mount Prospect Station Commuter Rail (Union Pacific Northwest Line) 6 min - 2.4 mi
AirportDriveWalkDistance
Chicago O'Hare International Airport 13 min - 10.1 mi
Chicago Midway International Airport 43 min - 33.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Tom Traina 888-971-3289 EatZ & Associates
Tom Traina 888-971-3289 EatZ & Associates