180 N Smith Street Palatine, IL $ 2,500,000
180 N Smith Street
$ 2,500,000
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180 N Smith Street

Palatine, IL, 60067
$ 2,500,000
Bedrooms-- Baths-- Sq 21,500

Monthly Estimate*

$ 15,597

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Commercial Property for sale in Palatine, IL

for $2,500,000. This 21,500 square foot building was built in 2003 on a lot size of 1.

Welcome to Iconic Durty Nellies in downtown Palatine, across the street from the Palatine train station. Built in 2003, the 21,500 square feet building is comprised of a bar/restaurant with a full kitchen, a 7,000 square feet entertainment venue with a mezzanine leading to a rooftop deck, and an adjacent 2,500 square feet bank with one drive thru lane. Sitting on an acre of land, the site has been previously approved for redevelopment with a new 6 story mixed use building, complete with a rooftop amenity deck and 9,900 square feet of ground floor commercial space. The retail commercial space is divisible and includes approximately 1,250 square feet of covered patio area. The proposed development includes approximately 52 residential units located on floors 2-6, made up of 2 bedrooms/2 bath units and 2 bedrooms+den/2 bath units. The rooftop residential amenity deck includes an enclosed amenity area, terraces, and elevator access. The building is within the transit oriented development area parking requirements. With an existing 42 surface spaces. Palatine is a thriving commercial trade area - an ideal location for ambitious professionals and businesses alike. Contributing to an engaging and vibrant community atmosphere that's primed for continued growth and development.

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Commercial Active

Price

$ 2,500,000

Property Type

Commercial

Taxes

$ 118,330

Style

Commercial

Lot Size

1

Year Built

2003

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12364736

Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Year Built 2003
Electric Circuit Breakers
Tenant Pays Varies by Tenant
Stories Count 2
Township Palatine
Tax Year 2023
Current Use Commercial
County Cook
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions Smith Street North of Palatine
City Palatine
MLS Area Palatine
Lot Size Square Feet 43560
Tax Annual Amount 118330
Additional Parcels Y/N N
Leasable Area 21500
Standard Status Active
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Exterior
Building Area Total 21500
Lot Dimensions 329X244.54X237.49X88.59
Frontage Type City Street Paved
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* Excluded Features
List By
Compass

Broker

Sharon.Dolezal@compass.com

Email

Affordability Calculator

$25,458
Per Month
61%
39%
0%
Monthly Principal & Interest
$15,597
Monthly Property Taxes
$9,861
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
5/14/2025$2,500,000 Listed Price

Map


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180 N Smith Street, Palatine, IL, 60067 is a Commercial Property for sale at $2,500,000 with 21,500 sqft and a lot size of 1. 180 N Smith Street was built in 2003. The property's zip code is 60067 which is in Palatine, IL