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    317-351 E Dundee Rd Palatine, IL 60074

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    For Lease
    $24 SF/Yr ($2,400 /Mo)

    Two retail storefronts available in Palatine shopping center.

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

    Property Features for 317-351 E Dundee Rd

    General Information

    Size
    1,200 SF
    Lot size
    1.37 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 Storefronts in Palatine Center

    Two commercial storefronts are available for rent as part of an 11,798 square foot neighborhood shopping center. One space is a 1,000 square foot former dance studio, and the other is a 1,600 square foot end-cap space that was formerly an audio equipment store. The center's tenants include a marine corps career center, an army career center, a podiatrist office, a grocery store, and a cleaners. The property benefits from a prime location near the corner of Hicks and Dundee Roads, with close proximity to Route 83. Ample parking is available. Nearby retailers include Jewel-Osco, Target, Home Depot, Hobby Lobby, Walgreens, Ross Dress for Less, Panera, Well Fargo, and Petco. The location benefits from a traffic count of 19,962 vehicles daily.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0358646
    Latitude
    42.1388253

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    FAQs

    What type of property is this?
    Strip mall - Two retail storefronts available in Palatine shopping center.
    Where is this strip mall located?
    The property is located at 317-351 E Dundee Rd Palatine, IL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Prime location near the corner of Hicks and Dundee Roads with high traffic count.; - Two commercial storefronts available: 1,000 sf and a 1,600 sf end cap.; - Part of an 11,798 sf neighborhood shopping center with diverse tenants.
    (312) 338-3000
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    317-351 E Dundee Rd Palatine, IL 60074
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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
    317-351 E Dundee Rd Palatine, IL 60074
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