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    Palatine Retail Space For Sale Title is generated by Realmo AI

    1131 East Dundee Road, Palatine, IL 60074

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    For Sale
    $1,275,000

    Retail space in Palatine, Illinois, available for purchase.

    Type:Retail
    Property size:
    5,323 SF
    Lot size:
    0.90 Acres
    Price / SF:
    $239/SF
    Added:
    Mar 25, 2026
    Days on Market:
    103
    Last Refresh:
    Mar 18 at 8:23 am

    Property Features for 1131 East Dundee Road

    General Information

    Standard status
    Active
    Size
    5,323 SF
    Lot size
    0.90 Acres
    Property subtype
    Retail

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    Peter Graham
    Peter Graham

    Listing office CBRE | Chicago

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Chicago

    HighLights

    • +\/-5,323 SF Ground Floor with +\/-1,347 SF Basement: Large building size.
    • Substantial Land Size: +\/- 0.9 SF.
    • Asking Price $1,275,000: High‑value property.
    • Pin Number 02‑12‑101‑041: Established property.
    • 2024 Taxes (payable in 2025): $96,281: Tax information available.
    • Includes a Basement

    Overview

    The property features a basement with approximately 1,347 square feet and a ground floor with approximately 5,323 square feet. The land size is approximately 0.9 square feet. The PIN number is 02-12-101-041. The 2024 taxes, payable in 2025, are $96,281.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $115.0k $21.60
    − Vacancy −$9.4k −$1.77
    EGI $105.5k $19.83
    − OpEx −$31.7k −$5.95
    NOI $73.9k $13.88
    5,323 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.06M
    $923.6K – $1.23M (±1% cap)
    NOI $73,884 @ 7.0% cap · market cap 5.79%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.84M
    $1.61M – $2.14M (±1% cap)
    NOI $128,645 @ 7.0% cap · market cap 10.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chase Bank Bank ATM (Chase Bank) Atm Chase ATM Atm Chase Mortgage Loan Service

    Suggested Use

    Law Firm Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Spa & Massage Center Dental Office Department Store Hotel & Motel Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0179126
    Latitude
    42.138708

    FAQs

    What type of property is this?
    Retail space - Retail space in Palatine, Illinois, available for purchase.
    Where is this retail space located?
    The property is located at 1131 East Dundee Road Palatine, IL.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: +\/-5,323 SF Ground Floor with +\/-1,347 SF Basement: Large building size.; Substantial Land Size: +\/- 0.9 SF.; Asking Price $1,275,000: High‑value property.
    More about this property
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