For Sale
$425,000

410 Palatine Rd Palatine, IL 60074

Live/Work Retail Space, High Visibility

Overview

Added:
Feb 3
Days on market:
79
This exceptional Palatine property presents a unique mixed-use investment opportunity. Located at the highly visible northeast corner of Palatine Road and Northwest Highway, this free-standing building offers approximately 2,040 square feet of versatile space. The property features a 1,000 square foot storefront, ideal for retail, office, or showroom use, combined with a remodeled 950 square foot, two-bedroom ranch-style residential unit in the rear. The residential unit boasts a private entrance, a cherrywood kitchen with granite countertops and stainless steel appliances, hardwood floors, and a full finished attic with pull-down stairs, providing additional storage. The property benefits from significant recent upgrades, including a new roof (2023), newer windows, updated zoned systems, and a new asphalt parking lot (2022), accommodating 12 vehicles. Energy-efficient ComEd interior and exterior lighting further enhances operational efficiency. The residential component contributes to exceptionally low property taxes. The entire building is zoned B-1, allowing for potential expansion of business operations into the residential space, subject to village code requirements and restrictions. 24-hour notice is required for showings to avoid disturbing occupants.

Property Details for 410 Palatine Rd

Property type
Commercial real estate
Square Feet
2,040 SF
Year Built
1954

Location Insight

City
Palatine
County
Cook
State
Illinois
Latitude
42.11051
Longitude
-88.03308

FAQs

What type of property is this?
Commercial real estate - Live/Work Retail Space, High Visibility
Where is the commercial real estate located?
The property is located at 410 Palatine Rd Palatine, IL.
What is the asking price?
The asking price for this property is $425,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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410 Palatine Rd
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