Jason Bitton

Premier Redevelopment Opportunity in Arlington Heights Address: 666 E Northwest Hwy, Arlington Heights, IL 60004 Price: $2,500,000 Lot Size: 0.62 Acres (26,954 SF) Building Size: 12,000 SF Property Overview: Welcome to an exceptional investment opportunity located at 666 E Northwest Hwy in Arlington Heights, IL.​ This 0.62-acre property, featuring a 12,000 SF building currently occupied by three tenants engaged in auto repair and auto sales, is a prime candidate for redevelopment under the Arlington Heights Hickory-Kensington Plan.​ Strategic Location: Core Area Redevelopment: Situated in the heart of Arlington Heights, this property is pivotal to the Hickory-Kensington Plan, which envisions the transformation of this Core area into a dynamic mixed-use neighborhood.​ The Village encourages developments that integrate commercial and residential uses, fostering a vibrant community atmosphere.​ Proximity to New Developments: A brand-new four-story residential development is rising directly to the north, highlighting the area's rapid growth and potential for future development.​ Accessibility: The property is conveniently located near Downtown Arlington Heights, enhancing its appeal for future commercial and residential tenants.​ Development Potential: The Hickory-Kensington Plan outlines a vision for this Core area to be redeveloped with at least two floors, with potential for higher structures upon further discussion.​ The Village's guidelines aim to create a lively mixed-use neighborhood that supports the local tax base and addresses housing demands.​ Village Recommendations: Mixed-Use Development: The Village encourages the incorporation of restaurants and service-oriented businesses that complement a mixed-use neighborhood.​ Commercial First Floor: Ideal for businesses such as breweries or other community-focused enterprises, with residential units above to maximize land use and community integration.​ Investment Highlights: High Demand Area: With much of the surrounding area already redeveloped or undergoing transformation, this property is uniquely positioned to become a cornerstone of the new neighborhood.​ Village Support: The Village of Arlington Heights is keen on facilitating developments that align with the Hickory-Kensington Plan, offering a supportive environment for investors and developers.​ Potential for Significant ROI: The combination of strategic location, village support, and redevelopment potential makes this property an attractive investment with the promise of substantial returns.​ Summary: This property represents a unique opportunity to be at the forefront of Arlington Heights' growth and redevelopment.​ Whether you envision a bustling commercial space with vibrant residential units above or a new community hotspot, 666 E Northwest Hwy offers the foundation for a transformative project that will shape the future of Arlington Heights.​

Professional offices on the second floor. 1,500 SF, 3,000 SF, 3,500 SF and 19,000 SF options. Units available would be perfect for dentist, chiropractor, attorney, lawyer, doctor, sales office and more.

250 SF office space available for lease at 1740 Waukegan Rd in downtown Glenview, IL.​ The office is located in a clean, modern building that adds professionalism and legitimacy to your business.​ All utilities including water, electricity, gas, and garbage are included in the rent.​ The building also features beautifully updated bathrooms available for tenant use at no additional cost.​ Located on Waukegan Rd, this space offers excellent visibility and easy access.​ Ideal for professionals seeking a functional and well-maintained office in a prime location.​

Nice new rehab on a 3,100 SF two-story building plus full basement.​ First floor is set up for commercial use and second floor is an apartment.​ Great zoning C2-1 retail shopping centers.​ Allows more business types than B1 districts, including liquor stores, warehouses, and auto shops.​ Apartment was just rented at $1,500/mo, the First floor renovations are almost done and soon ready to rent at $1,500/o

Prime Location! Modern Brick Office Building in North Barrington Presenting an exceptional opportunity to own a professional office or medical office space in a prime North Barrington location.​ This beautiful brick building, constructed in 2009, boasts a modern appearance and has been meticulously maintained, ensuring it still looks brand new.​ Strategically located just off Route 12 (Rand Road), north of Lake Zurich, this office space offers unparalleled convenience for clients and staff alike.​ The building is flooded with natural light, thanks to its numerous windows, creating a bright and inviting work environment that promotes productivity and well-being.​ Currently in shell condition, this office space provides a blank canvas for you to design the perfect layout to suit your business needs—without any additional demolition costs.​ Seize this unique opportunity to customize your workspace in a highly desirable location.​

Nice 3,570 SF building with front showroom and warehouse with 16 x 8 drive in door

A rare opportunity to acquire a high-performing, 6-unit multifamily apartment building in the heart of Mundelein, IL.​ This all-brick property sits on a large lot of 32,513 SF (.7464 acres) and has undergone substantial renovations, ensuring low maintenance and high cash flow.​ Four of the six rental units were newly built out in 2024, featuring brand-new HVAC, plumbing, appliances, flooring, kitchens, and bathrooms.​ The two upper-floor units remain in excellent condition with long-term tenants, ensuring stable cash flow.​ This turnkey investment a prime opportunity for an investor seeking a stable and strong return in a growing community that generates $129,000 in annual gross rental income , with low annual expenses of $38,573 , resulting in a strong net operating income (NOI) of $90,427 .​ The building is priced at $1,465,000 , offering an attractive 6.17% CAP rate , with significant future appreciation potential in a growing market.​ FINANCIAL OVERVIEW Income & Expenses Annual Gross Rental Income $129,000 Operating Expenses $38,573 - Real Estate Taxes $19,888 - Fire Protection $2,400 - Insurance $3,685 - CAM (Utilities, Landscaping, Maintenance) $12,600 Net Operating Income (NOI) $90,427 Asking Price $1,465,000 CAP Rate 6.17% .​ Investment Summary Property Type: Multifamily Apartment Building Building Size: 8,424 SF (per Remine) Parking: 30 Spaces Units: 6 Rental Units Asking Price: $1,465,000 Net Operating Income (NOI): $90,427 Cap Rate: 6.17% Lot Size: 32,513 SF / 0.7464 Acres Zoning: C-5-C (Corridor District) Construction: All-brick exterior, new windows Location: Centrally positioned in downtown Mundelein, amidst substantial residential and commercial development

Jason Bitton

About Jason Bitton

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Recent property sales & transaction history

8 properties

Chicago

Family Home, Other

$650,000 to $1,200,000

4,400 ft² to 7,100 ft²

Properties for sale by listing agent Jason Bitton

$249,500

$281,400

$429,000

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