552 E Northwest Highway Palatine, IL $ 839,900
552 E Northwest Highway
$ 839,900
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552 E Northwest Highway

Palatine, IL, 60074
$ 839,900
Baths0.0 Sq 7,000

Monthly Estimate*

$ 5,582

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Studio

Commercial Property for sale in Palatine, IL

for $839,900. This 7,000 square foot building was built in 1956 on a lot size of 0.172176.

Great income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, a few minutes away from former Arlington Park Racecourse. Great Exposure on Northwest Hwy., Close Proximity to IL Rte 53, .Lots of parking- 6 in front and 8 or more in the back. 127' of Frontage along Northwest Hwy. Two completely remodeled apartments. 3 bedroom (apx. 1500 SF) and 2 bedroom (apx. 1200 SF) apartment, both with in-unit laundry, hardwood floors, new kitchens with quartz countertops, new baths, open, contemporary lay-out, and separate utilities..5000 SF of Retail space on first floor. 1stt floor has two separate offices, could be use for offices, warehouse, retail/stores, etc., separate utilities, kitchen with sub-zero refrigerator, restrooms, dock door in a back for deliveries, all newer and remodeled. 2.5 car garage. Building has 5 furnaces, 5 A/C units, 3 water meters, The building is in pristine condition. 3br apt 1 year lease at $2400 mo. 2 br apt owner occupied. One office space is leased to a dental lab for 5 years with apx 4 years left at $ 2500 mo. The other office space is occupied by owner. Office/ business spaces pay water electric and heat . Residential apartments pay electric and gas. Building owner pays water for apartments.

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Commercial Active

Price

$ 839,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 17,494

Style

Office

Lot Size

0.172176

Year Built

1956

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12061408

Features
General
Cooling Central Air
Utilities Electric to Site Gas to Site Sanitary Sewer Water-Municipal
Possession Closing
Roof Tar and Gravel
Zoning MULTI
Construction Materials Brick
Year Built 1956
Electric Circuit Breakers Service - 101 to 200 Amps Three Phase
Tenant Pays Air Conditioning Electricity Heat Sewer
Stories 2
Township Palatine
Property SubType Mixed Use
Tax Year 2021
Current Use Office
Gross Income 112800
County Cook
Operating Expense 0
Insurance Expense 1752
Property Type Commercial Sale Mixed Use
Possible Use Office and Research
Status Active
Directions North on Northwest HWY property on the right
City Palatine
NumberOfUnitsTotal 4
MLS Area Palatine
Lot Size Square Feet 7500
Street Name Northwest
Tax Annual Amount 17494
Electric Expense 0
Fuel Expense 0
Trash Expense 420
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 22
Standard Status Active
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Interior
Flooring Tile Wood
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 7000
Lot Dimensions 50 X 150
Street Suffix Highway
Exterior Brick
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* Excluded Features
List By
Hometown Real Estate

Broker

jolantaka@comcast.net;Jolantakaz4@gmail.com

Email

Affordability Calculator

$7,040
Per Month
79%
21%
0%
Monthly Principal & Interest
$5,582
Monthly Property Taxes
$1,458
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/4/2024$839,900 -1.19% Price Down
5/20/2024$850,000 Listed Price

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552 E Northwest Highway, Palatine, IL, 60074 is a Commercial Property for sale at $839,900 with 7,000 sqft and a lot size of 0.172176. 552 E Northwest Highway is a studio with 0.0 baths and was built in 1956. The property's zip code is 60074 which is in Palatine, IL