Palatine Mixed-Use Multi-Tenant
110 N Brockway Street, Palatine, IL 60067
For Sale
$5,395,000
Architecturally distinct mixed-use building in downtown Palatine with Metra access.
Property Size37,890 SF
Price / SF$142.39
Days on Market231
Property Features for 110 N Brockway Street
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Year Built
Listing Agency:
Chicagoland Commercial Real Estate
Listed By:
Randy Olczyk · License IL #471018001
(847) 246-9611
Source:
Commercialcafe
Added: Mar 27
Changed: Nov 7
Last Checked: Nov 10 at 5:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicagoland Commercial Real Estate
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Investment Insights
Based on property information with market context.
Constructed in 2005, the 37,890 square foot mixed-use building at 110 N. Brockway Street was developed as a permanent fixture within Palatine's downtown environment and as part of the Village's broader effort to establish a walkable, transit-oriented core. The building features brick and steel construction, elevator service, modern life-safety systems, and flexible floorplates. Approximately 75% of the office suites have been refreshed within the past three to five years. The ground floor is anchored by Emmett's Brewing Co., while the upper floors are occupied by professional office tenants that benefit from the property's transit adjacency and downtown setting. The property benefits from city-owned adjacent parking with secured owner parking rights. The building is located approximately 2.5 miles northwest of the proposed Chicago Bears $6 Billion stadium and redevelopment project. The property has a long-term anchor tenant, Emmett’s Brewing Company & Restaurant, operating since 2005 with a lease expiring in December 2034. The property has direct access to the Metra Train. The roof surface area limits unexpected future capital expenses. The property is ideal for 1031 buyers and yield-focused investors. The building is 100% occupied with a 2026 scheduled net income of approximately $403,516.
Key Highlights
- 100% Occupancy with strong tenant retention and stable historical occupancy consistently outperforming the market.
- Anchored by Long Term lease to Emmett's Restaurant & Micro Brew (17,890 SF) lease expire December 2034, providing consistent foot traffic and long‑term visibility.
- Unmatched Downtown Palatine Location with Direct access to Metra Train, establishing a walkable, transit‑oriented core.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,104
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,262,080
$3.3M
Cap Rate 7%
$2,330,057
$2.3M
Cap Rate 9%
$1,812,267
$1.8M
Market Conditions
NOI Build-Up for 37,890 SF
Gross rent
$245.5K $6.48/SF
− Vacancy
−$12.5K −$0.33/SF
EGI
$233.0K $6.15/SF
− OpEx
−$69.9K −$1.84/SF
NOI
$163.1K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,262,080
Cap Rate 7%
$2,330,057
Cap Rate 9%
$1,812,267
Alternative Uses
Best Use
Mixed Use
$9.13M
$7.99M – $10.66M
NOI $639,394 @ 7.0% cap · market cap 11.85%
Second Best
Office B
$7.72M
$6.75M – $9.00M
NOI $540,160 @ 7.0% cap · market cap 10.01%
Theoretical Best
Office A
$14.55M
$12.73M – $16.97M
NOI $1,018,483 @ 7.0% cap · market cap 18.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,305
Businesses Nearby
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Business Placement
Demographics for 60067, IL
39,324
Population
16,039
Households
2.5
Avg Household Size
43
Median Age
59%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
3,025
Density / Sq Mi
$121,572
Median Household Income
$64,520
Median Earnings
$1,521
Median Rent
$427,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Cook County, IL
Properties on Market for Mixed-use properties in Cook County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Architecturally distinct mixed-use building in downtown Palatine with Metra access.
Where is this mixed-use property located?
The property is located at 110 N Brockway Street Palatine, IL.
What is the asking price?
The asking price for this property is $5,395,000.
What are key features of this property?
This property features: 100% Occupancy with strong tenant retention and stable historical occupancy consistently outperforming the market.; Anchored by Long Term lease to Emmett's Restaurant & Micro Brew (17,890 SF) lease expire December 2034, providing consistent foot traffic and long‑term visibility.; Unmatched Downtown Palatine Location with Direct access to Metra Train, establishing a walkable, transit‑oriented core.
