Press Releases
Marcus & Millichap Arranges $3.35M Sale of 8.34-Acre Land Site in Arlington Heights
May 29, 2025
ARLINGTON HEIGHTS, Ill., May 29, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 2015 S. Arlington Heights Road, an 8.34-acre land property in Arlington Heights, Illinois. The property sold for $3,352,500.
“Arlington Heights is a desirable Chicago suburb with a vibrant downtown and growing appeal as a potential location for a new Chicago Bears stadium and mixed-use entertainment district,” said Richard Kozarits, first vice president investments. “The buyer acted quickly, closing in 90 days, and plans to pursue approvals for a new ground-up development on the site.”
Kozarits, Eric Bell and Jordan Callaway, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a Trust, and secured the buyer, a national commercial real estate investor and developer.
The site features frontage along South Arlington Heights Road and is located about a half mile north of the Interstate 90 interchange.
“Arlington Heights is a desirable Chicago suburb with a vibrant downtown and growing appeal as a potential location for a new Chicago Bears stadium and mixed-use entertainment district,” said Richard Kozarits, first vice president investments. “The buyer acted quickly, closing in 90 days, and plans to pursue approvals for a new ground-up development on the site.”
Kozarits, Eric Bell and Jordan Callaway, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a Trust, and secured the buyer, a national commercial real estate investor and developer.
The site features frontage along South Arlington Heights Road and is located about a half mile north of the Interstate 90 interchange.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
