INCREDIBLE DEVELOPMENT OPPORTUNITY ON A 2.33 ACRE PARCEL WITH 150' OF PRIME RAND ROAD FRONTAGE IN BOOMING ARLINGTON HEIGHTS CURRENTLY ZONED (B-2) FOR BUSINESS/MIXED USE ALLOWING ROUGHLY 28 RESIDENTIAL UNITS ABOVE COMMERCIAL SPACE FOR OUTSTANDING RESALE/CASH FLOW POTENTIAL; SEVERAL NEW/NEWER RESIDENTIAL DEVELOPMENTS NEARBY; EXCELLENT RETAIL AND RESTAURANT CORRIDOR; TOP RATED SCHOOL DISTRICTS; 8 MINUTES TO METRA; CALL YOUR ARCHITECT!
Vacant landProperty Type
2.33 acresLot Size
$395,579Price/Acres
Listed by Mario Greco• Berkshire Hathaway HomeServices Chicago
Listed by Cyrus Seraj• Berkshire Hathaway HomeServices Chicago
Bought with Mario Greco• Berkshire Hathaway HomeServices Chicago
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
1.97 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Cook County
APN
03182040080000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Mar 1, 2025.
Jul 31, 2024 • Final
Conveyance - modification
Work on an elevator.
Electrical
May 15, 2024 • Final
Electrical - panel upgrade
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Driveway: Concrete
Interior
Additional Rooms Information
Basement Description: None
Exterior
Property Information
Property Type: Land
Ownership: Fee Simple
General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
Parcel Number: 03182040080000
Land Information
Building(s) on Land: No
Approx Land Sq Footage: 101,559
Lot Information
Dimensions: 151 X 508 X 150 X 576
Lot Size: 2.0-2.99 Acres
Frontage Type: Public Road
Frontage Length: 151
Road Surface Type: Asphalt
Financial
Tax Information
Tax Annual Amount: $18,101.92
Tax Year: 2019
Financial Information
Finance Code: Conventional
Special Service Area: N
Utilities
Utility Information
Utilities: Electric Nearby, Gas Nearby, Water Nearby
Location
School Information
Elementary School District: 25
Elementary School: Ivy Hill Elementary School
Middle Or Junior School District: 25
Middle Or Junior School: Thomas Middle School
High School District: 214
High School: Buffalo Grove High School
Location Information
Township: Wheeling
Corporate Limits: Arlington Heights
Directions: Rand Road North of Palatine, South of Hintz
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 1.97 acres
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Cook County
APN: 03182040080000
Home facts updated by county records on Mar 1, 2025
Other
Listing Information
Holds Earnest Money: Yes
Possession: Closing
Teams Information
Buyer Team Name: The MG Group
Around this home
Schools
Ivy Hill Elementary School
Public PreK-5 • Assigned • 0.8mi
10/10
Thomas Middle School
Public 6-8 • Assigned • 1.1mi
8/10
Buffalo Grove High School
Public 9-12 • Assigned • 1.6mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Arlington Heights, IL • 60004
Average low and high temperatures (°F)
29
15
38
21
55
33
62
42
69
48
81
62
85
68
81
64
79
58
67
47
50
37
36
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
10.3 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$876,000 – $1.06M
Sell confidently with a local market expert in Arlington Heights. 3 minutes to get started.