206 E. Rand Road, Arlington Heights, IL 60004

206 E. Rand Road Arlington Heights, IL 60004

206 E. Rand Road, Arlington Heights, IL, 60004
206 E. Rand Road, Arlington Heights, IL, 60004
Property Type:
Street Retail
Last Verified:
Mar 06, 2021


  • Grocery Anchored Center
  • Strong Shopping Corridor
  • Hard Corner at Lighted Intersection
  • Sprinklered Space
  • Security Door
  • High Ceilings
  • Tenant Allowance


HARD CORNER available in GROCERY ANCHORED CENTER in Arlington Heights. Space is 3,013 sq. ft. in NORTHPOINT Shopping Center is positioned between Men's Warehouse and Game Stop. Jewel-Osco anchors center along with Marshall's, Ross Dress for Less, Corner Bakery, Lens Crafters, Hair Cuttery, Tuesday Morning, Office Depot, Chase Bank, Salons by JC, and Mattress Firm. Currently in shell condition with two (2) ADA bathrooms, double door front entrance, sprinklers, and rear access. Tenant Improvement Allowance available if lease signed by May 15, 2021. Area tenants include; Trader Joe's, Binny's, For Eyes, Goldfish Swim School, Chuckie Cheese, Petco, Burlington, Planet Fitness, Starbuck's, Harvest Fresh Market, Ulta, and Room Place. Located at the northeast corner of Arlington Heights Road (28K vpd) and Rand Road (30K vpd). Surrounded by a dense population of 329,246 with an average HH income of $94,612 in a 5-mile radius.

Arlington Heights is a town in Illinois with a population of 75,482. Arlington Heights is in Cook County and is one of the best places to live in Illinois. Living in Arlington Heights offers residents an urban-suburban mix feel and most residents own their homes. In Arlington Heights, there are a lot of restaurants, coffee shops, and parks. Many retirees live in Arlington Heights and residents tend to have moderate political views. The public schools in Arlington Heights are highly rated. NorthPoint, a 278,000 square foot open community center, has been a tradition in its trade area since it was developed in 1965. The center is located in the dynamic retail corridor along Route 12 at Arlington Heights Road, a truly "Main and Main" location. Three additional centers at the intersection comprise more than 1,000,000 square feet of retail space.

Building Size: 12130sq ft
Lot Size: 0 acres

Units for Lease

206 E. Rand Road
Space Available: 3103 SF
Lease Type: NNN

Price Per Sqft/Year: $35.0

Map of 206 E. Rand Road, Arlington Heights, IL, 60004

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.