Arlington Heights, Illinois, is a prime location for investing in restaurants, with its strong economy and diverse population of around 80,000 residents. Restaurants in Arlington Heights offer a unique opportunity for investors to capitalize on the village's growing downtown area, which has seen significant development in recent years. As a popular destination for both locals and visitors, Arlington Heights boasts a range of attractions, including the Metropolis Performing Arts Centre, Lake Arlington, and Mitsuwa Marketplace. The village's excellent infrastructure, including easy access to major roads and public transportation, makes it an ideal location for businesses to thrive. With its highly educated population and strong median household income, Arlington Heights provides a solid foundation for restaurants to succeed. Additionally, the village's rich history and cultural attractions, such as the Arlington Heights Memorial Library, make it a desirable destination for both residents and tourists.
Currently, there are 1 restaurants for sale in Arlington Heights, offering a range of investment opportunities. From casual eateries to fine dining establishments, restaurants in Arlington Heights cater to a diverse range of tastes and preferences. The village's business-friendly environment and supportive community make it an attractive location for entrepreneurs and investors alike. In addition to restaurants, Arlington Heights also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, the village's apartment buildings offer a stable source of income, while shopping centers provide a hub for local commerce. Specialty properties, such as office buildings and medical facilities, cater to the village's growing professional population. Hotels, meanwhile, provide a convenient option for visitors and business travelers. With its strong economy and diverse range of investment opportunities, Arlington Heights is an excellent choice for those looking to invest in the restaurant industry or other commercial properties.
What is the average cost per square foot for a restaurant in Arlington Heights?
The average cost per square foot for a restaurant in Arlington Heights is $285 USD per square foot, with an average size of 2,450 square feet and a largest size of 2,450 square feet, among the 1 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Arlington Heights?
When evaluating the value of a restaurant for sale in Arlington Heights, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Metra's Union Pacific Northwest Line and major roads like Arlington Heights Road and Northwest Highway, being a significant advantage;
- The restaurant's size, with an average size of 2,450 square feet and a largest size of 2,450 square feet, as well as its average price per square foot of $285 USD, impacting its overall value;
- The restaurant's financial performance, including its average cap rate of , which can influence its attractiveness to potential buyers and ultimately its sale price, with a total of 1 available listings to consider.
