E Northwest Hwy - Auto Dealership FOR SALE


Arlington Heights, IL 60004- Des Plaines/Arlington Hts Corridor
$2,500,000 USD
847-858-2909
E Northwest Hwy, Arlington Heights, IL for Sale
$2,500,000 USD
Auto Dealership - FOR SALE
1/29
null | 4.9% Cap Rate

May '27


E Northwest Hwy
Arlington Heights, IL 60004
Des Plaines/Arlington Hts Corridor


HIGHLIGHTS

  • Prime Location: Centrally located in Arlington Heights, ideal for mixed-use development.
  • High Demand Area: Surrounded by new and ongoing developments, ensuring growth.
  • Significant ROI Potential: Village support for redevelopment enhances investment returns.
  • Versatile Use: 0.62-acre lot with a 12,000 SF building, suitable for commercial and residential.
  • Strong Accessibility: Close to downtown Arlington Heights, attracting diverse tenants.

OVERVIEW

A rare 12,000 SF commercial building (plus 6,000 SF basement) on a 0.62-acre site in Arlington Heights’ rapidly developing Hickory-Kensington Redevelopment District. The building is currently divided into three equally sized tenant spaces used for auto repair and auto sales, with lease expirations on 5/31/2027, 5/31/2028, and 6/1/2028—providing short-term income and flexible timing for future owner use or redevelopment. Appeal to Owner-Users (Auto / Fleet / Service / Trades) 12,000 SF main level with open, functional layouts suitable for auto repair, fleet operations, contractor shops, light industrial, or showroom/sales. Large 6,000 SF basement ideal for parts storage, inventory, or overflow. Ample frontage on Northwest Hwy for branding and visibility. Drive-in access and service-friendly configuration already in place. Short remaining lease terms allow a buyer to occupy all or part of the building in the near term. Appeal to Developers Located within the Core Area of the Hickory-Kensington Plan — the Village’s highest-priority redevelopment zone. Highlights: Surrounded by significant new residential and mixed-use projects, including a brand-new four-story development directly north. Village encourages 2+ story mixed-use redevelopment, with retail/restaurant/service on the ground floor and residential above. Strong walkability and close proximity to Downtown Arlington Heights and the Metra station. One of the few remaining sites of this size that has not yet been redeveloped. Development Potential The Village’s plan supports: Mixed-use buildings with commercial at grade and residential above. Restaurants, breweries, service retail, and other neighborhood-oriented uses. Higher density projects upon discussion with the Village. Redevelopment that strengthens the tax base and complements surrounding new construction. Investment Highlights High-demand corridor undergoing extensive transformation. Strong municipal support for redevelopment aligned with the area plan. Existing income + future upside through owner-use or mixed-use redevelopment. One of the last strategic parcels in the district not yet redeveloped. Summary 666 E Northwest Hwy offers a rare dual-path opportunity: Immediate value for an owner-user seeking a functional automotive or service-based facility, or A prime redevelopment site positioned at the heart of Arlington Heights’ most active growth district. Whether your plan is operational, investment-focused, or ground-up redevelopment, this site delivers visibility, flexibility, and long-term upside.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

4.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Auto Repair, Bar, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

B-3, Arlington Hts.

APN/PARCEL ID

03-32-200-001-0000

ASK ABOUT THIS PROPERTY

Jason BittonRemax CommercialMore Info
847-858-2909

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Jason BittonRemax CommercialMore Info
847-858-2909

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.