For Lease
$20/SF/YR

233 Northwest Hwy Palatine, IL 60067

Prime Palatine Retail/Office Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
127
Palatine Plaza Shopping Center, located at 233 E Northwest Hwy, Palatine, IL 60067, offers a unique blend of retail and office space in a thriving Cook County location. This multi-building complex totals 137,187 square feet and comprises 29 suites across three buildings. The property underwent renovations in 1998 and benefits from excellent visibility due to its placement on Northwest Highway, near the cross street of Hicks Road. Currently, four spaces are available, ranging from 1,475 to 1,850 square feet, ideal for a variety of businesses. The center boasts a strong tenant mix, including established national and local brands such as Ace Hardware, Dollar Tree, Planet Fitness, Pete N' Macs Pet Resort, Citibank, Sherwin Williams, Dairy Queen, Browns Chicken, and Fannie May Candies. Its strategic location across from a Mariano's Grocery Store (Kroger) ensures high foot traffic and visibility. This property presents a compelling investment opportunity in a bustling neighborhood center with big-box appeal, offering a diverse range of retail and office spaces to suit various business needs. The property type is classified as Retail and Office, with a subtype of Traditional Office, Big Box, and Neighborhood Center. The tenancy is multi-tenant.

Highlights

  • Palatine Plaza Shopping Center, a 137,187 SF multi-building retail and office complex in Palatine, IL.
  • 29 suites available across three buildings, with four spaces currently available ranging from 1,475 to 1,850 SF.
  • Excellent visibility on Northwest Hwy near Hicks Rd, recently renovated (1998).
  • Strong tenant mix including national brands like Ace Hardware, Dollar Tree, Planet Fitness, and Mariano's Grocery Store across the street.
  • Ideal for a variety of businesses, offering a compelling investment opportunity in a high-traffic neighborhood center.

Property Details for 233 Northwest Hwy

Property type
Neighborhood centers, Community centers
RSF (Rentable sq. ft)
137,187 SF
Year Renovated
1998
Buildings
3

Unit(s) available at that property

Space
255 E Northwest Highway
Size
1,475 SF
Rate per SF
$20
Space
247 E. Northwest Highway
Size
1,495 SF
Rate per SF
$20
Space
311 E Northwest Highway
Size
1,789 SF
Rate per SF
$20
Space
309 E. Northwest Highway
Size
1,850 SF
Rate per SF
$20

Location Insight

City
Palatine
County
Cook
State
Illinois
Latitude
42.118488
Longitude
-88.0375123
233 Northwest Hwy, Palatine, Illinois

FAQs

What type of property is this?
Neighborhood center - Prime Palatine Retail/Office Opportunity
Where is the neighborhood center located?
The property is located at 233 Northwest Hwy Palatine, IL.
What is the lease rate?
The lease rate is $20/SF/YR.
What are key features of this property?
This property features: Palatine Plaza Shopping Center, a 137,187 SF multi-building retail and office complex in Palatine, IL.; 29 suites available across three buildings, with four spaces currently available ranging from 1,475 to 1,850 SF.; Excellent visibility on Northwest Hwy near Hicks Rd, recently renovated (1998).
How can I contact the broker?
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233 Northwest Hwy
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