Arlington Heights, Illinois, offers a diverse range of commercial real estate opportunities for investors and business owners. With its prime location about 25 miles northwest of downtown Chicago, Arlington Heights provides easy access to major transportation hubs, including the Metra's Union Pacific Northwest Line and Interstate 90. This accessibility makes it an attractive location for businesses, particularly those in the service and retail sectors. Commercial real estate in Arlington Heights can represent a variety of investments, including office buildings, retail spaces, and restaurants. The village's Central Business District, or downtown area, has seen significant development in recent years, with a focus on condos, restaurants, and other businesses. Arlington Heights is also home to notable landmarks like Lake Arlington and Mitsuwa Marketplace, which contribute to the village's unique character. The village's strong economy, diverse population, and excellent infrastructure make it an ideal location for businesses to thrive.
Currently, there are 37 commercial real estate listings available in Arlington Heights, offering a range of options for investors and business owners. The average price per square foot for commercial real estate in Arlington Heights is $121 USD, with an average size of 63,313 square feet. The largest commercial property available is 628,963 square feet. In addition to commercial real estate, Arlington Heights also offers a range of other property types, including industrial properties, which can be found near major transportation hubs like the Metra's Union Pacific Northwest Line; apartment buildings, which are popular in the village's downtown area; office properties, which are often located near major roads like Arlington Heights Road and Northwest Highway; and hotels, which cater to the village's tourism industry. Overall, Arlington Heights offers a unique blend of small-town charm and big-city amenities, making it an attractive location for businesses and investors alike.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Arlington Heights, there are several alternatives to consider, including:
- Traditional bank loans, which offer competitive interest rates and flexible repayment terms, making them a popular choice for commercial property buyers.
- Private money lenders, which provide short-term, high-interest loans for fix-and-flip projects or other commercial ventures that may not qualify for traditional financing.
- Small Business Administration (SBA) loans, which offer favorable terms, such as lower down payments and longer repayment periods, for small business owners and entrepreneurs looking to purchase commercial property.
With 37 available listings of commercial real estate in Arlington Heights, ranging in size from 63,313 square feet to 628,963 square feet, and an average price per square foot of $121 USD, there are plenty of opportunities to find the right property to suit your business needs and financing options.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Arlington Heights, Illinois, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 8.3%, investors can gauge the property's potential income generation and make informed decisions about their investment, as explained in our article on what is a cap rate.
In Arlington Heights, where there are currently 37 available listings of commercial real estate, understanding cap rates is essential for investors to navigate the market and find opportunities that align with their investment goals. By factoring in the cap rate, investors can better assess the property's value and potential for long-term growth, making it a critical component of commercial real estate purchases.
What is considered a commercial property?
In Arlington Heights, Illinois, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and other types of properties that generate income. With 37 available listings of commercial real estate in Arlington Heights, investors and business owners can find a range of properties to suit their needs, from small storefronts to large industrial facilities, with average prices per square foot of $121 USD and average sizes of 63,313 square feet.
