1.85 Acre C-4 Redevelopment Opportunity with Telecom Income
1.85 Acres | C-4 Zoning | Existing Telecom Income | Redevelopment & Mixed-Use Potential
Marketing description
Rare opportunity to acquire approximately 1.85 acres of commercially zoned C-4 land in unincorporated Cook County/Arlington Heights featuring an existing two-story residence, approximately 3,200 SF detached warehouse building, outdoor storage/yard potential, and income-producing cell tower component. Properties offering this combination of commercial zoning, usable land area, existing improvements, recurring income, and redevelopment flexibility are increasingly uncommon in the northwest suburbs.
Existing telecom lease currently generates approximately $4,599.94/month with 10% increases every 5 years and multiple remaining renewal options potentially extending through approximately 2073 if fully exercised pursuant to lease terms. Telecom agreements include right of first refusal provisions. Additional rental income is generated from an existing landscaper tenant leasing the entire warehouse building together with portions of the yard/storage areas at $1,200/month.
The property offers exceptional flexibility for developers, contractors, owner-users, investors, live/work scenarios, warehouse/flex use, outside storage operations, redevelopment opportunities, or long-term hold strategies. Existing residence offers approximately 2,771 SF with 5 bedrooms, 3 baths, basement, and attached garage. Detached warehouse building provides substantial utility for contractor operations, storage, vehicles, equipment, workshop, flex-space, or business use potential.
Strong location near Dundee Rd and Buffalo Grove Rd with excellent accessibility and surrounding commercial/residential development. Existing improvements may support renovation, repurposing, expansion, or future redevelopment subject to buyer verification and applicable approvals. 2 of the 3 existing telecom infrastructure/easement areas may offer future site flexibility subject to existing agreements and buyer independent verification.
Existing telecom agreements, leases, easements, surveys, and related due diligence materials available upon request for qualified interested parties. Residence is currently vacant, in need of renovation/rehab, and property is conveyed strictly AS-IS. Heat, cooling, and power to residence are currently OFF. Electricity remains active in warehouse building; warehouse does not currently have heat or A/C. Full basement exists but was not photographed or included within floorplan measurements. Exterior security cameras throughout property are actively recording, owned by current warehouse/yard tenant, and will NOT convey with sale. Please do not walk property without confirmed appointment.
Investment highlights
• Approximately 1.85 acres of commercially zoned C-4 land in unincorporated Cook County/Arlington Heights.
• There are 3 existing telecom infrastructure areas located on the property. One telecom area remains subject to an active income-producing lease currently generating $4,599.94/month (per Seller) with 10% increases every 5 years and multiple remaining renewal options potentially extending through approximately 2073 if fully exercised pursuant to lease terms.. The remaining telecom infrastructure areas are subject to existing easement agreements which replaced prior lease arrangements and are no longer income-producing to the current ownership. Rights associated with those easement areas and related infrastructure are governed by the applicable recorded agreements.
• Additional rental income generated from existing landscaper tenant leasing approximately 3,200 SF warehouse building together with portions of the yard/storage areas.
• Rare opportunity combining commercial zoning, existing income, usable land area, warehouse/flex utility, and redevelopment potential within one property.
• Existing approximately 2,771 SF residence with basement and attached 2-car garage offering renovation, repurposing, live/work, or future redevelopment potential.
• Detached warehouse/flex building ideal for contractor operations, storage, vehicles, equipment, workshop, outside storage support, or business use.
• Strong fit for developers, contractors, investors, owner-users, outdoor storage users, flex/industrial users, and long-term land hold strategies.
• Potential future site flexibility associated with portions of existing telecom infrastructure/easement areas subject to existing agreements and buyer independent verification.
• Excellent accessibility near Dundee Rd and Buffalo Grove Rd within established northwest suburban commercial/residential corridor.
Required Disclaimer: All information contained herein has been obtained from sources believed reliable but is not guaranteed by Seller or Listing Broker. Buyers, brokers, developers, contractors, attorneys, and all interested parties are responsible for independently verifying all information including, but not limited to: zoning, permitted uses, redevelopment potential, square footage, lot size, income and expense figures, lease terms, easement rights, telecom agreements, renewal options, utility availability, environmental matters, outdoor storage allowances, parking, building conditions, occupancy status, taxes, code compliance, and all governmental approvals. Any references to future redevelopment, site flexibility, expansion potential, or permitted uses are conceptual only and subject to independent verification with applicable municipalities, counties, utility providers, and governing authorities. Property is conveyed strictly AS-IS. No warranties or representations are made by Seller or Listing Broker regarding the accuracy or completeness of the information provided.
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