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30% occupied 4-unit retail building 760-836 E Rand Rd 31,276 SF 30% Leased Retail Building Arlington Heights, IL 60004 For Sale
Investment Highlights
- VALUE ADD OPPORTUNITY | 30% OCCUPIED SMALL SHOP STRIP
- LOCAL GOVERNMENT SUPPORT OF PROJECT
- THRIVING RETAIL MARKET
- OUTSTANDING SHADOW ANCHORS | STRONG CROSS TRAFFIC
- STABLE IN-PLACE TENANCY
- AFFLUENT DEMOGRAPHIC PROFILE
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in the South Shops at Southpoint Shopping Center in Arlington Heights, IL. The offering represents an opportunity to acquire a 30% occupied 4-unit retail building with unmatched repositioning opportunity with direct exposure to Rand Road in the established upper-income Chicago suburb of Arlington Heights.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Building Size
31,276 SF
Building Class
B
Year Built
1989
NOI
$65,743
Percent Leased
30%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
12.81 AC
Zoning
B-3
Parking
350 Spaces (11.19 Spaces per 1,000 SF Leased)
Frontage
544’ on Rand Rd
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 780-784
- 11,618 SF
- Retail
- In-Line
- Now
1,135 SF retail space.
| Space | Size | Space Use | Position | Available |
| 780-784 | 11,618 SF | Retail | In-Line | Now |
| 816-836 | 10,223 SF | Retail | In-Line | Now |
780-784
| Size |
| 11,618 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
816-836
| Size |
| 10,223 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
816-836
| Size | 10,223 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1,135 SF retail space.
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-20-203-016-0000 | Improvements Assessment | $547,669 |
| Land Assessment | $342,578 | Total Assessment | $890,247 |
Property Taxes
Parcel Number
03-20-203-016-0000
Land Assessment
$342,578
Improvements Assessment
$547,669
Total Assessment
$890,247
Contacts
-
Emily Gadomski -
George Ghattas -
Nicholas Kohlmann -
Olivia Palmer -
Mid-America Real Estate Corp.
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30% occupied 4-unit retail building | 760-836 E Rand Rd
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