Commercial: MLS #12575907 Palatine, IL ^$ 549,900

Commercial: MLS #12575907

^$ 549,900

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Commercial: MLS #12575907

Name: address
Address: IL, 60074

Palatine, IL, 60074

^$ 549,900

Bedrooms-- Baths-- Sq 3,500

Monthly Estimate*

^$ 3,386

Commercial Property for sale in Palatine, IL

for $549,900. This 3,500 square foot building was built in 1950.

This prime commercial warehouse offers approximately 3,500 square feet of versatile space in a high-traffic, high-visibility corner location. Situated on a desirable corner lot with a large parking area, the property provides excellent accessibility and exposure for a wide range of businesses, including auto repair, vehicle sales, service operations, or light industrial use. The building features two 10' x 10' drive-in garage doors, a newer roof, and updated exterior stucco, making it a solid and well-maintained investment. There is a reception space area, garage space plus large basement for extra storage. Ideal for an owner-occupant or investor, this property combines functionality, visibility, and strong business potential in one exceptional opportunity.

Commercial Active

Price

^$ 549,900

Property Type

Commercial

Taxes

^$ 32,284

Style

Year Built

1950

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12575907

Features

General

Cooling Central Air

Roof Membrane

Zoning COMMR

Construction Materials Block

Year Built 1950

Electric Circuit Breakers Service - 101 to 200 Amps

Tenant Pays Other

Stories Count 1

Township Wheeling

Property Subtype Other

Tax Year 2024

Gross Income 0

County Cook

Net Operating Income 0

Operating Expense 0

Property Type Commercial Sale Industrial

Status New

Directions WEST OF RTE 53 ON NORTHWEST HWY AND ELMWOOD

City Palatine

Number Of Units Total 1

MLS Area Palatine

Lot Size Square Feet 14240

Tax Annual Amount 32284.6

Additional Parcels Y/N N

Leasable Area 0

Standard Status Active

Cap Rate 0

Exterior

Foundation Details Concrete Perimeter

Building Area Total 3500

Lot Dimensions 161x52x171x78

Lot Size Acres 0

Frontage Type City Street

* Excluded Features

List By

Real Broker Llc

Broker

rafay@qamargroup.com

Affordability Calculator

$6,076

Per Month

Monthly Principal & Interest: $3,386
Monthly Property Taxes: $2,690
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Commerical listings in Palatine, IL

Average List Price ^$559,978

Percent of Sale Price 2%

About Palatine, IL

67,137 Population

2% Since 2002

^$76,021 Median Income

39.39 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/4/2026	$549,900		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 3/6/2026.

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Commercial: MLS #12575907

Commercial Property for sale in Palatine, IL

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