1530 Dundee RdPalatine, IL 60074

Property Details for 1530 Dundee Rd

Year built

1984

Lot size

2.79 AC

Property type

Retail properties

Property subtype

Retail space

APN

02-01-401-019

APU

201401019

Description

This exceptional investment opportunity encompasses two three-story office buildings totaling approximately 39,485 to 39,906 square feet, situated on 1530 and 1540 E Dundee Rd in Palatine, Illinois, 60074. The property boasts a prime location within Cook County, benefiting from easy access to the full 4-way interchange at Route 53 and proximity to over 20 restaurants. The buildings feature updated lobbies and landscaping, along with on-site management and engineering. This multi-tenant property presents a compelling investment opportunity, further enhanced by its location within a new Tax Increment Financing (TIF) District slated for approval in August. The property's APN numbers are 02-01-401-019-0000, 02-01-401-023-0000, and 02-01-401-022-0000. The asking price is $4,700,000. The potential for assemblage and redevelopment adds significant long-term value. This is a rare chance to acquire a well-maintained, strategically located office complex with substantial upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $32,659,594

  6.5%

  $30,147,318

  7%

  $27,993,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,491,708

  Geo Method

  $39,890,448

• Alternative Use

  Use

  Valuation

  Residential

  $25,430,390

  Hospitality

  $23,294,100

  Educational

  $19,380,418

  Medical

  $20,046,940

  Retail

  $30,147,318

Location Insight

City

Palatine

County

Cook

State

Illinois

Latitude

42.1401

Longitude

-88.0089

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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