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    293 N Northwest Hwy Palatine, IL 60067

    For Lease
    $20 SF/Yr

    Shopping Center - Palatine, IL

    Days on Market:
    161
    Last Refresh:
    Dec 7 at 4:06 am

    Property Features for 293 N Northwest Hwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Roof type
    Rubber
    Architectural style
    Other

    USA Real Estate LTD (847) 640-6800 [email protected]

    Listing agent Joe Zivoli (847) 640-6800 License #471001855

    Listing date Jun 30, 2025

    MLS# 11818879 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Palatine Center

    This 1,500 square foot retail space, formerly a State Farm office, is available for lease in a shopping center located on Northwest Highway in Palatine, Illinois. The property benefits from high traffic and is situated next to Wendy's and Taco Bell. Several anchor tenants occupy this shopping center. The space features an illuminated sign, ample parking, and 14-foot ceilings. The total monthly rent is $2,500, which includes base rent, CAM, and real estate taxes. The zoning is COMMR.
    Location Intelligence

    Current Use by Public Records

    Kimberly Stokes State ... Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM, Palatine Plaza, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.033347
    Latitude
    42.116147

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    FAQs

    What type of property is this?
    Shopping center - 1500 SF retail space in high-traffic shopping center.
    Where is this shopping center located?
    The property is located at 293 N 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: - High-traffic location on Northwest Highway, ensuring excellent visibility.; - Total monthly rent of $2,500 includes base rent, CAM, and real estate taxes.; - Located next to Wendy's and Taco Bell, attracting consistent customer flow.
    (847) 640-6800
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    293 N Northwest Hwy Palatine, IL 60067
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