552 E Northwest Highway Palatine, IL $ 850,000
552 E Northwest Highway
$ 850,000
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552 E Northwest Highway

Palatine, IL, 60074
$ 850,000
Bedrooms-- Baths-- Sq 7,000

Monthly Estimate*

$ 5,367

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Commercial Property for sale in Palatine, IL

for $850,000. This 7,000 square foot building was built in 1956 on a lot size of 0.172176.

Incredible income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, two 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. One office space is leased to a dental lab. The other office space is leased for an accountant services. Office/ business spaces are responsible for water electric and heat bill. Residential apartments responsible for electric and gas bill. Additional rent info, profit and loss sheet you can find in additional info.

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Commercial Active

Price

$ 850,000

Property Type

Commercial

Taxes

$ 15,907

Style

Office

Lot Size

0.172176

Year Built

1956

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12773893

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available Sewer Connected
Possession Closing
Roof Tar/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 Count 2
Township Palatine
Property Subtype Mixed Use
Tax Year 2022
Current Use Office
Gross Income 105956
County Cook
Net Operating Income 74674
Operating Expense 0
Insurance Expense 5000
Property Type Commercial Sale Mixed Use
Possible Use Office
Status New
Directions North on Northwest HWY property on the right
City Palatine
Number Of Units Total 4
MLS Area Palatine
Lot Size Square Feet 7500
Tax Annual Amount 15907
Electric Expense 0
Fuel Expense 0
Trash Expense 420
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Interior
Flooring Tile Wood
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 7000
Lot Dimensions 50 X 150
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* Excluded Features
List By
Hometown Real Estate Group

Broker

jolantaka@comcast.net;Jolantakaz4@gmail.com

Email

Affordability Calculator

$6,693
Per Month
80%
20%
0%
Monthly Principal & Interest
$5,367
Monthly Property Taxes
$1,326
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
10/1/2026$850,000 Listed Price

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552 E Northwest Highway, Palatine, IL, 60074 is a Commercial Property for sale at $850,000 with 7,000 sqft and a lot size of 0.172176. 552 E Northwest Highway was built in 1956. The property's zip code is 60074 which is in Palatine, IL