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    404 E Palatine Rd Palatine, IL 60067

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    For Sale
    $4,300,000

    3,010 SF building on 0.79 acre site for sale.

    Property size:
    3,010 SF
    Lot size:
    0.37 Acres

    Property Features for 404 E Palatine Rd

    General Information

    Size
    3,010 SF
    Lot size
    0.37 Acres

    Source: Secure Net Lease - Dallas Agent Bob Moorhead

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

    Overview

    Palatine Retail Building For Sale

    Constructed in 2021, this property features a 3,010 square foot building situated on a 0.79 acre site. The property has a 15-year lease with 12 years remaining, structured as NNN with 7.5% rental increases every 5 years. Located at a signalized corner, the site benefits from high visibility and accessibility. The intersection sees a combined traffic volume of over 42,200 vehicles per day. The property is less than 1 mile from downtown Palatine and less than 10 miles from O’Hare International Airport. It offers convenient access to major roads including Route 53, Interstate 90 (I-90), and Interstate 290 (I-290). The tenant, 7-Eleven, is the largest chain store operator globally, with over 85,000 stores and an S&P rating of A. The property is located in Palatine, approximately 30 miles from downtown Chicago, Illinois, within a metropolitan statistical area with a population of over 9.57 million and a local population of over 67,223.
    Location Intelligence

    Current Use by Public Records

    7-Eleven Convenience Store Mobile Gas Station

    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

    Jewel-Osco

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0332892
    Latitude
    42.1106283

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    FAQs

    What type of property is this?
    Grocery and convenience store - 3,010 SF building on 0.79 acre site for sale.
    Where is this grocery and convenience store located?
    The property is located at 404 E Palatine Rd Palatine, IL.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: - 7-Eleven (S&P Rated A) NNN Lease with 12 Years Remaining, featuring 7.5% Rental Increases Every 5 Years.; - Signalized Corner Location with HIGH VISIBILITY at 42,200+ VPD, less than 1 Mile from Downtown Palatine.; - New Construction (2021) 3,010 SF Building on 0.79 Acre Site.
    (214) 522-7200
    Request Owner's contact information
    404 E Palatine Rd Palatine, IL 60067
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    Palatine, IL 60067
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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
    404 E Palatine Rd Palatine, IL 60067
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