753 Palatine RdPalatine, IL 60067

Property Details for 753 Palatine Rd

Year built

1971

Lot size

0.18 AC

Property type

Retail space

APN

02-22-100-002

APU

222100002

Description

This 2,400-square-foot retail space, located in a 7-Eleven anchored center at the highly visible southeast corner of Palatine Road and Quentin Road in Cook County, offers exceptional visibility and accessibility. The property boasts over 31,000 vehicles per day passing by. The space is currently a vanilla box, allowing for flexible build-out to suit various business needs. It can be demised to accommodate smaller tenants. The center provides ample parking with 30 spaces (a ratio of 6 per 1,000 square feet). Strong co-tenancy includes Jewel-Osco, Starbucks, Subway, Vini's Pizza, J&J Liquor, and Clark Gas Station. The location benefits from its proximity to major transportation arteries: Interstate 90 is just three miles south, and the Palatine Metra station is conveniently located one mile west. The building, constructed in 1970, offers a total of 5,000 square feet across one suite. This prime retail opportunity is situated within a thriving commercial area, providing excellent exposure and potential for significant business growth. The available space is part of a larger 5,000 square foot building.

• CAP approach

  CAP return

  Valuation

  6%

  $2,083,594

  6.5%

  $1,923,317

  7%

  $1,785,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,008,332

  Geo Method

  $2,576,606

• Alternative Use

  Use

  Valuation

  Residential

  $1,622,390

  Hospitality

  $1,486,101

  Educational

  $1,236,418

  Medical

  $1,278,940

  Retail

  $1,923,317

Location Insight

City

Palatine

County

Cook

State

Illinois

Latitude

42.11

Longitude

-88.0626

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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