Former Arlington Hts. Applebee's sold
The former Applebee's restaurant location on Algonquin Road in Arlington Heights may not be empty for much longer.
Earlier this month, Sperry Van Ness, LLC announced the sale of the 5,500-square-foot building at 111 E. Algonquin Road for $1.36 million to Stephen Lieberman of Marcus and Millichap.
Although, Michael Mertes, business development coordinator for the village, said he has not yet received any plans or applications for the site, a representative for the seller said there could be movement on the property soon.
The former Applebee's, which closed in 2013, is now owned by the same people who own the former bank on the adjacent property along Algonquin Road near Arlington Heights Road. They are planning to tear down that building and redevelop the corner with new restaurant or retail properties, according to a representative from Sperry Van Ness. The new owners could not be reached for comment about the Applebee's location, but would need to get village approval to redevelop the site.