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    502 N Plum Grove Rd Palatine, IL 60067

    Sponsored
    For Sale
    $350,000

    COMMERCIAL - Palatine, IL

    Type:Office
    Lot size:
    0.23 Acres
    Days on Market:
    105
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 502 N Plum Grove Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    PUD
    APN
    02152080220000
    Lot size
    0.23 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1989
    Floors in Building
    1
    Number of units
    4
    Building materials
    Brick

    MisterHomes Real Estate (847) 849-1797 x501 [email protected]

    Listing agent Matt Hernacki (847) 366-8822

    Listing date Sep 23, 2025

    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

    Palatine Office Building For Sale

    Located in Plum Grove Office Park of Palatine, this commercial building offers a solid location with ample parking at the intersection of Plum Grove Road and Northwest Highway. The all-brick, low-maintenance building is currently configured into four separate office suites with common area bathrooms, offering flexibility to be divided into one to four units based on specific needs. The roof was replaced two years ago. Situated along the busy Route 14 corridor, this property presents a great value for owner-occupiers or investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Callea Charles DDS Dentist Law Office of Thomas ... Attorney Bechtold Insurance Agency Insurance Agency Kenneth E Kaiser Real Estate Attorney MisterHomes Real Estate Real Estate 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.

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.044334
    Latitude
    42.1195593

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    FAQs

    What type of property is this?
    Office building - Commercial building in Plum Grove Office Park, Palatine, Illinois.
    Where is this office building located?
    The property is located at 502 N Plum Grove Rd Palatine, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Own an entire brick office building in Plum Grove Office Park.; - Located in a high-traffic area on Route 14.; - Flexible space divisible into 1-4 units.
    (847) 849-1797
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    502 N Plum Grove Rd Palatine, IL 60067
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    Palatine, IL 60067
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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
    502 N Plum Grove Rd Palatine, IL 60067
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