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    851 E Palatine Rd Wheeling, IL 60090

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    For Sale
    Contact for pricing

    Strategic location with high traffic and convenience near I-294.

    Property size:
    7,968 SF
    Lot size:
    0.43 Acres

    Property Features for 851 E Palatine Rd

    General Information

    Size
    7,968 SF
    Lot size
    0.43 Acres

    Source: DarwinPW Realty/CORFAC International Agent Laura Perlman

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

    Overview

    Prime Location Automotive Hub

    This 7,968 square foot property is positioned as a suitable location for investors and businesses. The site benefits from high visibility at the intersection of Palatine Road and Milwaukee Avenue, and is located near I-294, opposite Chicago Executive Airport. The property is presented as an automotive hub, offering the potential to continue its legacy or be reimagined for a new venture. The location provides strategic advantages due to high traffic and convenience.
    Insight Report Location Intelligence

    Current Use by Public Records

    Northstar Auto Car Dealer Semeria Imports, Inc. Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    Hertz Rent a Car

    Location Insight

    • Map
    • Local Demand
    City
    Wheeling
    County
    Cook
    State
    Illinois
    Longitude
    -87.8922275
    Latitude
    42.1089802

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    FAQs

    What type of property is this?
    Automotive property - Strategic location with high traffic and convenience near I-294.
    Where is this automotive property located?
    The property is located at 851 E Palatine Rd Wheeling, IL.
    What are key features of this property?
    This property features: - Strategic location near I-294 and opposite Chicago Executive Airport.; - High visibility at the intersection of Palatine Road and Milwaukee Avenue.; - Suitable for investors and businesses.
    (773) 677-6472
    Request Owner's contact information
    851 E Palatine Rd Wheeling, IL 60090
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    Wheeling, IL 60090
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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
    851 E Palatine Rd Wheeling, IL 60090
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