180 N Smith St Palatine, IL 60067

This 21,500 square foot building, constructed in 2003, is located in downtown Palatine, across from the Palatine train station. The building includes a bar and restaurant with a full kitchen, a 7,000 square foot entertainment venue featuring a mezzanine that leads to a rooftop deck, and an adjacent 2,500 square foot bank with a drive-thru lane. Situated on one acre, the site has received prior approval for redevelopment into a six-story mixed-use building. The approved plans include a rooftop amenity deck and 9,900 square feet of ground-floor commercial space, which is divisible and incorporates approximately 1,250 square feet of covered patio area. The proposed development features around 52 residential units on floors 2-6, consisting of two-bedroom/two-bath units and two-bedroom-plus-den/two-bath units. The rooftop residential amenity deck includes an enclosed amenity area, terraces, and elevator access. The building is within the transit-oriented development area parking requirements, with 42 existing surface spaces. Palatine is a thriving commercial trade area.