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    873 E Palatine Rd Prospect Heights, IL 60090

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    For Lease
    $16 SF/Yr ($2,000 /Mo)

    1,500 sqft retail space in a charming strip center.

    Property size:
    1,500 SF
    Lot size:
    0.47 Acres

    Property Features for 873 E Palatine Rd

    General Information

    Size
    1,500 SF
    Lot size
    0.47 Acres

    Source: Troy Companies Agent Steve Cioromski

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

    Overview

    Retail Space in Prospect Heights

    This 1,500 square foot retail space is located in a strip center. The property is positioned among national co-tenants such as Jimmy Johns and Enterprise Car Rental. Ample parking is available for customers.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Prospect Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.8915586
    Latitude
    42.1090483

    Nearby Similar for Lease

    • Contact for pricing
      904 SF

      Retail Spaces on Milwaukee Avenue

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      604-698 N Milwaukee Ave, Prospect Heights, IL 60070
      View Details
    • Contact for pricing
      1,125 SF

      Retail Spaces on Milwaukee Avenue

      Retail spaces for lease on high-traffic Milwaukee Avenue.
      650-692 N Milwaukee Ave, Prospect Heights, IL 60070
      View Details

    FAQs

    What type of property is this?
    Strip mall - 1,500 sqft retail space in a charming strip center.
    Where is this strip mall located?
    The property is located at 873 E Palatine Rd Prospect Heights, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - 1,500 sqft retail space.; - Located in a strip center.; - Abundant parking.
    (847) 612-8716
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    873 E Palatine Rd Prospect Heights, IL 60090
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    Prospect Heights, 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
    873 E Palatine Rd Prospect Heights, IL 60090
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