3111 Meadow Drive, Rolling Meadows, 60008

3111 Meadow Rolling Meadows, IL 60008

3111 Meadow, Rolling Meadows, IL, 60008
3111 Meadow, Rolling Meadows, IL, 60008
FOR SALE
Property Type:
Other Hospitality
Amount:
$549,000
Last Verified:
Jan 07, 2021

Highlights

  • 120' of frontage on Meadow Drive
  • Across street from new 106 unit development
  • Ideally situated within the downtown district of Rolling Meadows
  • Adjacent to a newly renovated Jewel-Osco anchored shopping center
  • Just south of Arlington International Racecourse
  • Metra Station - 5 minute drive

Description

FOR SALE 5,400 sq.ft. former Firehouse on 18,000 sq.ft of land. Comprehensive plan recommends commercial re-use (possible brew pub or restaurant re-use) or commercial redevelopment, and requires rezoning of southern parcel to C-2. Property is directly across the street from new Meadow Square Townhome 106 unit development. Easy access to IL-53,I-90 & 290 & short 5 minute drive to Metra Station. Located across the street from 134,000 square foot shopping center is anchored by Jewel Osco. Area tenants include; Anytime Fitness, Great Clips, The Great American Bagel, Dollar Tree, Subway, Hallmark, Little Caesars, Northwest Community Hospital and Chase Bank


Rolling Meadows is a suburb of Chicago with a population of 23,229. Rolling Meadows is in Cook County and is one of the best places to live in Illinois. Living in Rolling Meadows offers residents an urban suburban mix feel and most residents own their homes. In Rolling Meadows there are a lot of restaurants, coffee shops, and parks. The public schools in Rolling Meadows are highly rated.

Rolling Meadows is home to many corporate headquarters of Fortune 500 companies as well as small businesses. These businesses employ about 44,000 people and comprise a major part of the City's stable revenue base. Rolling Meadows is ranked the #9 Best Suburbs for Young Professionals in Illinois.

Nestled in the heart of the Golden Corridor near Woodfield Shopping Center and Arlington International racetrack, Rolling Meadows is close to O'Hare airport and an excellent public transportation and expressway system.

Building Size: 5400sq ft
Lot Size: 0.41 acres

Map of 3111 Meadow, Rolling Meadows, IL, 60008

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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.