OFFERING MEMORANDUM
Gas Station · Auto Service · Redevelopment Opportunity 304 S. Arlington Heights Road // Arlington Heights, IL 60005
EXCLUSIVELY OFFERED BY:
ARI TOPPER, CFA Managing Director / Broker 312.275.3113 [email protected]
TYLER DECHTER Associate / Broker 312.275.3132 [email protected]
BAUM REALTY GROUP, LLC 1030 W. Chicago Avenue, Suite 200 Chicago, IL 60642 www.baumrealty.com
Offering Summary
3 // OFFERING MEMOR ANDUM
Offering Summary // 3 0 4 S. ARLINGTON HEIGHTS ROAD // ARLINGTON HEIGHTS, IL
Offering Summary Baum Realty Group, LLC has been exclusively retained to market for
sale 304 S. Arlington Heights Road (the “Property”), a gasoline ser-
vice station and auto body repair shop located in Arlington Heights,
IL. The Property offers considerable upside in terms of both the
business operations and future development value of the underly-
ing real estate.
The property consists of 13,068 square feet of land, improved with
a 57-year-old, one story, masonry constructed building of roughly
2,546 SF that houses the convenient store and 3-bay auto repair
business. The gas station boasts a 1,350 SF illuminated canopy and
four (4) dual-sided gas dispensers.
The property is zoned B-2. The Property is within 0.5 miles of down-
town Arlington Heights where the Metra stop, and primary retail
corridor is located.
There are two (2) leases currently encumbering the property.
Genesis Auto leases the three (3) auto repair bays and 5 parking
space spaces along the southern portion of the premises through
April 30, 2020. The gasoline service station is leased to a local oper-
ator through September 30, 2020.
The property not only offers upside in the gasoline and car wash
businesses but also represents an attractive future redevelopment
site. Additionally, the property features over 140 feet of frontage
along the highly traveled S Arlington Heights Road.
4 // OFFERING MEMOR ANDUM
Offering Summary // 3 0 4 S. ARLINGTON HEIGHTS ROAD // ARLINGTON HEIGHTS, IL
Investment SummaryASKING PRICE: $750,000
5 // OFFERING MEMOR ANDUM
Offering Summary // 3 0 4 S. ARLINGTON HEIGHTS ROAD // ARLINGTON HEIGHTS, IL
Property DescriptionAddress: 304 S. Arlington Heights Road
Arlington Heights, 60005
County: Cook County
Total Land Area: 13,068 SF
Description: Gas Station, C-store, and Auto Repair Center
Zoning: B-2
PIN: 03-32-114-007-0000
2018 Taxes: $30,507.78
Frontage: ±140 feet along Arlington Heights Road
±80 feet along South Street
Lease Information: Repair Shop $2,700 per month gross – exp. 4/30/2020
Gas Station / Convenient Store $5,500 per month gross – exp 9/30/2020
Volume: Approximately 30,000 gallons per month
Inside C-store Sales: Unknown
Pumps: 4 dual-sided (8 fueling positions); 20 years old
Tanks: Unknown material and quantity; 49 years old
6 // OFFERING MEMOR ANDUM
Offering Summary // 3 0 4 S. ARLINGTON HEIGHTS ROAD // ARLINGTON HEIGHTS, IL
S. ARLINGTON HEIGHTS ROAD
ALLEY
NORTH
1 STORY BRICKGAS STATION & SERVICE CENTER
CONCRETE SIDEWALK
CO
NC
RETE SIDEWALK
CONCRETE AREAA S P H A L T A R E A A S P H A L T A R E A
89.2’
67.6’
25.4’
15.8
’
28.8’
30.0022’
30.004’
PumpIsland
PumpIsland
PumpIsland
PumpIsland
SignPost
SOU
TH STR
EET135’
97’
(Gravel) (Gravel)
SURVEY
7 // OFFERING MEMOR ANDUM
Offering Summary // 3 0 4 S. ARLINGTON HEIGHTS ROAD // ARLINGTON HEIGHTS, IL
8 // OFFERING MEMOR ANDUM
Offering Summary // 3 0 4 S. ARLINGTON HEIGHTS ROAD // ARLINGTON HEIGHTS, IL
ZONING MAP
Market Overview
10 // OFFERING MEMOR ANDUM
market Overview // 3 0 4 S. ARLINGTON HEIGHTS ROAD // ARLINGTON HEIGHTS, IL
11 // OFFERING MEMOR ANDUM
market Overview // 3 0 4 S. ARLINGTON HEIGHTS ROAD // ARLINGTON HEIGHTS, IL
DEMOGRAPHIC SUMMARY2000-2010 Census, 2019 Estimates with 2024 Projections
1 mile 3 miles 5 miles
Popu
latio
n
2019 Estimated Population 18,243 119,212 299,872
2024 Projected Population 18,151 118,010 297,321
2010 Population (U.S. Census) 18,146 120,182 302,113
2000 Population (U.S. Census) 17,811 122,261 306,306
% Projected Growth 2019-2024 -0.5% -1.0% -0.9%
% Historical Growth 2000-2019 2.4% -2.5% -2.1%
2019 Median Age 43.9 43.1 41.4
Hous
ehol
ds
2019 Estimated Households 7,626 47,365 118,077
2024 Projected Households 7,573 46,863 117,006
2010 Total Households (U.S. Census) 7,598 47,758 118,599
2000 Total Households (U.S. Census) 7,415 47,383 118,334
% HH Projected Growth 2019-2024 -0.7% -1.1% -0.9%
% HH Historical Growth 2000-2019 2.8% -1.0% -0.8%
Inco
me 2019 Average Household Income $136,746 $111,525 $106,717
2019 Median Household Income $106,865 $83,451 $80417
2019 Per Capita Income $56,758 $44,406 $42,122
Busi
ness 2019 Total Businesses 777 4,931 14,552
2019 Total Employees 13,645 74,568 220,731
2019 Estimated Daytime Population 26,982 135,375 370,949
Educ
atio
n (A
ge 2
5+)
2019 Adult Population (Ages 25+) 13,085 85,615 215,061
2019 Elementary (Grade Level 0 to 8) 1.4% 4.0% 4.8%
2019 Some High School (Grade Level 9 to 11) 2.8% 3.4% 3.7%
2019 High School Diploma 11.4% 17.3% 17.2%
2019 Some College/No Degree 13.8% 17.3% 17.2%
2019 Associate Degree 5.9% 6.9% 7.3%
2019 Bachelor Degree 38.0% 30.7% 30.4%
2019 Graduate Degree 25.4% 18.7% 17.6%
% Any College 83.0% 73.6% 72.6%
Race
& E
thni
city
2019 White Population 89.4% 81.9% 75.7%
2019 Black/African American Population 0.9% 1.5% 1.7%
2019 Asian Population 6.7% 9.4% 13.2%
2019 American Indian/Alaska Native Population 0.1% 0.2% 0.3%
2019 Pacific Islander Population 0.0% 0.0% 0.0%
2019 Other Race 1.2% 4.7% 6.6%
2019 Population of Two or More Races 1.8% 2.3% 2.4%
2019 Hispanic Population 76.1% 58.5% 53.8%
Source: Esri, Esri and Infogroup, U.S. Census
DemOgraPHiCS
1 MilesEstimated Population: 18,243
Daytime Population: 26,982
Estimated Households: 7,626
Average Household Income: $136,746
3 MilesEstimated Population: 119,212
Daytime Population: 135,375
Estimated Households: 47,365
Average Household Income: $111,525
5 MilesEstimated Population: 299,872
Daytime Population: 370,949
Estimated Households: 118,077
Average Household Income: $106,717
12 // OFFERING MEMOR ANDUM
market Overview // 3 0 4 S. ARLINGTON HEIGHTS ROAD // ARLINGTON HEIGHTS, IL
Arlington Heights, ILArlington Heights is a town in Illinois with a population of 75,724.
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.
Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AeroGRID, IGN, and the GIS User Community
I L L I N O I SPeoria
Springfield
Naperville Chicago
Arlington Heights
B E S T PL AC E S IN IL L IN O IS A CC E S S & T R A N S P O R TAT I O N
Arlington Heights is located near I-90 and
IL-53, offering quick travel by car to Chicago and
surrounding suburbs.
2 Metra train stations provide daily service to
Chicago and Harvard. Pace Suburban Bus Service
provides local travel throughout the town.
O’Hare International Airport 20 min drive
Midway International Airport 74 min drive
Best Suburbs for Young Professionals
#44 of 3613611
Best Suburbs to Live
#52 of 3613611
Best Places to Raise a Family
#53 of 6366361
R E P O R T C A R D
A+ OVERALL GRADE
Public Schools Crime & Safety I N CO M E & H O U S I N G Median Household
$90,835Housing NightlifeOWN - 74%
RENT - 26%
RENT VS. OWN
Good for Families Diversity Median Home Value
$350,000A R E A F E E L
SuburbanJobs Weather
Cost of Living Health & Fitness Median Rent
$1,350Outdoor Activities Commute
Sources: Town of Arlington Heights & Niche.com. Niche ranks thousands of places to live based on key statistics from the U.S. Census and expert insights.
OFFERING MEMORANDUM
Gas Station · Auto Service · Redevelopment Opportunity 304 S. Arlington Heights Road // Arlington Heights, IL 60005
EXCLUSIVELY OFFERED BY:
ARI TOPPER, CFA Managing Director / Broker 312.275.3113 [email protected]
TYLER DECHTER Associate / Broker 312.275.3132 [email protected]
BAUM REALTY GROUP, LLC 1030 W. Chicago Avenue, Suite 200 Chicago, IL 60642 www.baumrealty.com
