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    315 W Northwest Hwy Palatine, IL 60067

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    For Lease
    $500 /Mo ($5 SF/Yr)

    Retail/office spaces available in a shopping center with ample parking.

    Property size:
    1,200 SF
    Lot size:
    3.36 Acres

    Property Features for 315 W Northwest Hwy

    General Information

    Size
    1,200 SF
    Lot size
    3.36 Acres

    Source: Millennium Properties Real Estate Agent Susan B. Silver

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Office Space in Palatine

    Available for lease are retail and office spaces totaling 530 square feet, situated within a 37,200 square foot shopping center. The property benefits from elevator service to the office suites and pylon signage opportunities. Ample parking is available. The location offers strong commercial presence near US Route 14, with excellent visibility and easy access. Nearby attractions include Jewel-Osco, Taphouse Grill, Mariano’s, EuroFresh Market, McDonald’s, Subway, 7-Eleven, Dunkin, CVS Pharmacy, Chase, and BMO Harris Bank. The average household income exceeds $100,000 within a one-mile radius.
    Location Intelligence

    Current Use by Public Records

    Team Rehabilitation Physical ... Physical Therapist Pep Boys Tire Shop

    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

    Quentin Corners Shopping Center, Coin Time Bitcoin ATM, Century Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.052069
    Latitude
    42.123329

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    FAQs

    What type of property is this?
    Shopping center - Retail/office spaces available in a shopping center with ample parking.
    Where is this shopping center located?
    The property is located at 315 W Northwest Hwy Palatine, IL.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Strong commercial location near US Rte 14; - **Excellent visibility and easy access**; - Ample parking
    (312) 338-3000
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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
    315 W Northwest Hwy Palatine, IL 60067
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