473 W Northwest Highway Palatine, IL $ 1,500,000
473 W Northwest Highway
$ 1,500,000
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473 W Northwest Highway

Palatine, IL, 60067
$ 1,500,000
Bedrooms-- Baths-- Sq 10,800
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Property for Rent in Palatine, IL

for $1,500,000. This 10,800 square foot property was built in 1981 on a lot size of 0.56933.

Don't miss this outstanding income-producing opportunity! This two-story retail and office building offers approximately 10,800 square feet on a 0.56-acre lot within a B2 zoning district, delivering excellent visibility with traffic counts exceeding 20,000 vehicles per day. The property features strong street presence and a well-balanced mix of retail and office space. Each retail unit is equipped with a private restroom, and tenants pay their own utilities, contributing to efficient operations. The first floor includes four retail units, while the second floor offers seven office suites. The building is nearly fully leased, with only two spaces remaining-ideal for owner occupancy or additional income potential. Fully sprinklered and recently updated, this property represents a true turnkey, low-maintenance investment in a highly desirable commercial corridor. The available office spaces can be customized with flexible build-to-suit options to suit a variety of uses. Surrounded by a dense residential population and benefiting from strong exposure, this asset presents a prime investment opportunity with significant upside potential.

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Rental Active

Price

$ 1,500,000

Taxes

$ 47,762

Style

Commercial

Lot Size

0.56933

Year Built

1981

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12615492

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available
Zoning COMMR
Construction Materials Brick Other
Year Built 1981
Electric Circuit Breakers
Tenant Pays Other
Stories Count 2
Township Palatine
Property Subtype Retail
Tax Year 2023
Current Use Commercial
Gross Income 134500
Assoc Fee Paid Per Monthly
County Cook
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions W PALATINE RD 2 W NORTHWEST HWY TO 473 BUILDING
City Palatine
Number Of Units Total 11
MLS Area Palatine
Lot Size Square Feet 24800
Tax Annual Amount 47762
Additional Parcels Y/N N
Leasable Area 10800
Lease Type Gross
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 10800
Lot Dimensions 169X109X197X175
Frontage Type Public Road Signal Intersection
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* Excluded Features
List By
Mega Usa Properties, Inc.

Broker

adrianne.han@gmail.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/10/2026$1,500,000 Listed Price

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473 W Northwest Highway, Palatine, IL, 60067 is a Property for Rent at $1,500,000 with 10,800 sqft and a lot size of 0.56933. 473 W Northwest Highway was built in 1981. The property's zip code is 60067 which is in Palatine, IL