32-60 W Palatine Road Palatine, IL 60067

$2,199,900
32-60 W Palatine Road, Palatine, IL 60067
Call 1-800-839-1363
09006743

Commercial Property for sale in Palatine, IL

for $2,199,900. This 22,000 square foot building was built on a lot size of 269 X 184.

Property Information

  • $2,199,900
  • Commercial
  • 22,000 Square Feet
  • Taxes are $93,643
  • Retail
  • Active
  • 1 Floors
  • Lot size of 269 X 184
  • Palatine, IL
  • Downtown Neighborhood
  • Cook County
  • MLS/Web ID is 09006743

Description

VILLAGE SQUARE STRIP CENTER IS LOCATED IN THE HEART OF DOWNTOWN PALATINE. THIS PROPERTY IS ALMOST FULLY LEASED AT A 7.0% CAP RATE. EXCELLENT CASH FLOW. POSSIBLE REDEVELOPMENT. SURROUNDED BY RESTAURANTS, BARS, NEWER CONDO DEVELOPMET, METRA STATION.

Interior 3

Appliances

  • Exhaust Fan

Cooling System

  • Ceiling Fan(s)
  • Central Air
  • Zoned

Heating System

  • Central Heat
  • Gas

Exterior 6

Construction

  • Brick
  • Steel Frame

Foundation

  • Concrete

Parking

  • 21-40 Parking Spaces

Road Frontage

  • City Street
  • Public Road
  • Signal Intersection

Roof

  • Rubber
  • Steel Truss
  • Wood Joists

Siding

  • Brick

Miscellaneous 2

Land Documents

  • Aerial Photo
  • Lease Agreement
  • Rent Roll

Location

  • Business District
  • Mixed Use
  • Near Public Transportation

Rental 1

Tenant Pays

  • Air Conditioning
  • Common Area Maintenance
  • Electric
  • Heating
  • Insurance
  • Other Expenses

† Excluded Feature

Listed By

Broker: RE/MAX DESTINY

32-60 W Palatine Road, Palatine, IL, 60067 is a Commercial Property for sale at $2,199,900 with 22,000 sqft and a lot size of 269 X 184. The property's zip code is 60067 which is in Palatine, IL

Get an Immediate Callback from 9:00 AM - 9:00 PM EST
or Call us at 1-800-839-1363

Pricing History

Date Price Price Change Description
12/28/2016 $2,199,900 -4.35 % Price Change
12/28/2016 $2,300,000 Price Change
10/20/2015 $2,300,000 -8.00 % Price Change
10/20/2015 $2,500,000 Price Change
8/9/2015 $2,500,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Palatine $369,092 83 % below $325,000 85 % below
Commerical listings in Palatine $767,129 65 % below $617,450 72 % below

Get the facts about Palatine, IL!

Population 68,455
Population Growth (since 2000) 4 %
Median Income $73,320
Median Age 38.41
Households w/ Children 33 %

Residential Dwellings

  • Owned 19046
  • Vacant 1581
  • Rented 7734

Similar Listings

Get an Immediate Callback from 9:00 AM - 9:00 PM EST
or Call us at 1-800-839-1363