Marcus & Millichap has completed the sale of 2015 S. Arlington Heights Road, an 8.34-acre land property in Arlington Heights, Illinois. The property sold for $3.35 million.

“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.