Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    502 N Plum Grove Rd Palatine, IL 60067

    For Sale
    $350,000

    Commercial Sale - Palatine, IL

    Property size:
    3,778 SF
    Lot size:
    0.23 Acres
    Days on Market:
    84
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 502 N Plum Grove Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    PUD
    APN
    02152080220000
    Size
    3,778 SF
    Lot size
    0.23 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1989
    Number of units
    4
    Architectural style
    Other

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

    Listing agent Matt Hernacki (847) 849-1797 License #471000354

    Listing date Sep 23, 2025

    MLS# 12472445 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

    Palatine Office Building For Sale

    Located in Plum Grove Office Park of Palatine, this commercial building offers a solid location with ample parking. Situated where Plum Grove Road intersects Northwest Highway, the property is currently configured into four distinct office suites, complemented by shared restroom facilities. The layout allows for flexible division, accommodating one to four units based on specific needs and objectives. Constructed as a low-maintenance, all-brick building, it features a roof that was replaced two years ago. The property benefits from its location along the busy Route 14 corridor. The building has a total area of 3778 square feet and is situated on a 0.23-acre lot. The zoning is PUD. The property is located in Cook County, Illinois.
    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

    Nearby Similar for Sale

    • $475,000
      2,961 SF

      Remodeled Commercial Building with Manufacturing Zoning

      Remodeled commercial building in Palatine, IL, with manufacturing zoning.
      707 W Colfax St, Palatine, IL 60067
      View Details
    • $399,800
      1,782 SF

      Spacious Townhome with Finished Basement

      Updated 2-bedroom townhome with finished basement and private outdoor space.
      1535 W Ethans Glen Dr, Palatine, IL 60067
      View Details
    • $2,500,000
      21,500 SF

      Iconic Palatine Commercial Redevelopment Opportunity

      21,500 SF building with redevelopment potential in downtown Palatine.
      180 N Smith St, Palatine, IL 60067
      View Details
    • $4,300,000
      3,010 SF

      Palatine Retail Building For Sale

      3,010 SF building on 0.79 acre site for sale.
      404 E Palatine Rd, Palatine, IL 60067
      View Details
    • $173,500

      Bayside Drive Condo with Potential

      Fixer-upper condo with communal amenities and convenient location.
      3400 Bayside Dr, Palatine, IL 60074
      View Details
    • Contact for pricing
      2,300 SF

      Turn-Key Dental Office Space

      Fully equipped dental office in prime location ready for immediate occupancy.
      741 E Dundee Rd, Palatine, IL 60074
      View Details

    FAQs

    What type of property is this?
    Office building - Office building in Plum Grove Office Park with ample parking.
    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: - Prime location in Plum Grove Office Park at the intersection of Plum Grove Road and Northwest Highway (Route 14).; - Versatile building adaptable to 1-4 office suites, suitable for various business needs.; - Low-maintenance, all-brick construction.
    (847) 849-1797
    Request Owner's contact information
    502 N Plum Grove Rd Palatine, IL 60067
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    502 N Plum Grove Rd
    Palatine, IL 60067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.