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    Palatine, IL
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    Iconic Palatine Commercial Redevelopment Opportunity
    Updated: Jul 4, 2025
    Iconic Palatine Commercial Redevelopment Opportunity

    180 N Smith St, Palatine, IL

    Contact for pricing
    21,500 sqft 1.06 AC lot
    Approved for redevelopment with a 6‑story mixed‑use building including 52 residential units and 9,900 sq ft of commercial space.
    Existing iconic bar/restaurant (Durty Nellies) with full kitchen and 7,000 sq ft entertainment venue including a rooftop deck.
    Prime downtown Palatine location** across from the train station.
    Includes an adjacent 2,500 sq ft bank with a drive‑thru lane.
    Sits on a one‑acre lot with 42 surface parking spaces.
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    Retail, Land, Special Purpose
    Updated: Jun 3, 2024
    Retail, Land, Special Purpose

    180 N Smith St, Palatine, IL 60067

    Contact for pricing
    21,500 sqft 1.00 AC lot
    Approved for redevelopment: 6‑story mixed‑use building with 52 residential units and 9,900 sq ft of commercial space.
    Prime downtown Palatine location, directly across from the train station.
    Existing building includes a bar/restaurant with full kitchen and a 7,000 sq ft entertainment venue with rooftop deck access.
    Sits on one acre of land within a transit‑oriented development area.
    Features approximately 1,250 sq ft of covered patio area.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Palatine, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Freestanding Restaurant with PPA License
    Freestanding Restaurant with PPA License

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    0.14 AC lot

    Freestanding, corner restaurant with a PPA, liquor, and food license plus a fully equipped kitchen and central air

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    Turnkey Corner Restaurant with PPA
    Turnkey Corner Restaurant with PPA

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    0.14 AC lot

    Fully renovated corner restaurant with PPA, liquor, and food licenses, a commercial kitchen, and seating for 95.

    View details
    Wood-Fired Pizzeria
    Wood-Fired Pizzeria

    123 S Main Street, Algonquin, IL 60102

    $250,000
    0.18 AC lot

    Operating restaurant with a liquor bar, private party room, carryout business, and approximately 90 seats.

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    Freestanding Restaurant with Gaming
    Freestanding Restaurant with Gaming

    1320 S Main St, Algonquin, IL 60102

    Contact for pricing
    3,545 sqft 0.40 AC lot

    Freestanding restaurant and pizzeria with full wrap-around bar, separate dining and carryout entry, plus video gaming machines.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land in Itasca, IL
    Commercial Land in Itasca, IL

    100 S Walnut Street, Itasca, IL 60143

    Contact for pricing
    0.17 AC lot

    Commercial land available for sale in Itasca, Illinois.

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    Commercial Land Zoned B-2
    Commercial Land Zoned B-2

    21835 State Road 120, Elkhart, IN 46516

    $330,000
    1.93 AC lot

    Commercial land zoned B-2 with an existing building that could be used as an office.

    View details
    Commercial Land in C-2
    Commercial Land in C-2

    1400 LYNN Avenue, Fond Du Lac, WI 54935

    $275,000
    2.57 AC lot

    C-2 zoned commercial land off Highway 23 with natural gas available and public water and public sewer.

    View details
    Corner Parcel for Commercial Development
    Corner Parcel for Commercial Development

    LYNN Avenue, Fond Du Lac, WI 54935

    $260,000
    1.30 AC lot

    C-2 general business corner parcel with public water, public sewer, and natural gas available.

    View details

    Palatine, IL Bars & Pubs Market Trends and Statistics

    Explore 2 bars & pubs for sale in Palatine, IL on our real estate platform. These investment opportunities span a total of 43,000 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Drive through restaurants 4
    Bars & Pubs 3
    Conventional restaurants 2
    Coffee shops 1

    Demographics Overview

    Population 74K
    Population Growth (5Y) -4.1%
    Median Household Income $102,227
    College Educated 19.9%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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