Arlington Heights, Illinois, offers a unique opportunity for investors to capitalize on the village's growing economy by purchasing a shopping center. With a population of approximately 80,000 residents, Arlington Heights provides a stable customer base for businesses. Shopping centers in Arlington Heights can represent a variety of investment opportunities, from retail and dining establishments to service-based businesses. The village's downtown area has experienced recent development, with new businesses and restaurants emerging, making it an attractive location for investors. Arlington Heights is also home to several major attractions, including the Metropolis Performing Arts Centre and Lake Arlington, which draw visitors from surrounding areas. The village's strong infrastructure, including its transportation system and highly rated schools, make it an ideal location for businesses to thrive. Additionally, the presence of notable companies and institutions, such as Northwest Community Hospital and the Village of Arlington Heights, contribute to the village's economic stability.
Arlington Heights is home to 2 shopping centers for sale, offering a range of investment opportunities. The average price per square foot for these properties is $110 USD, with an average size of 45,496 square feet. The largest shopping center available for sale is 69,100 square feet. In addition to shopping centers, Arlington Heights also offers other investment opportunities, including restaurants, specialty properties, land, and office properties. For example, the village's downtown area is home to a variety of restaurants, including those located in the Metropolis Performing Arts Centre. Specialty properties, such as the Arlington Heights Memorial Library, offer unique investment opportunities. Land is also available for development, with several parcels located near major transportation hubs. Office properties, including those in the Central Business District, offer a range of investment opportunities for businesses looking to establish a presence in Arlington Heights. Overall, Arlington Heights provides a diverse range of investment opportunities for businesses and investors.
What is the average cap rate for shopping centers in Arlington Heights?
For investors seeking shopping centers in Arlington Heights, the average cap rate is 7.84%, providing a promising return on investment in this desirable northwest Chicago suburb.
