Search
Freestanding Auto Service Property
For Sale
Contact for pricing

850 E Northwest Hwy, Palatine, IL 60074

Freestanding property with former gasoline service station and mechanics shop, currently closed, with B2 zoning.

Property SizeContact for details
Days on Market121

Property Features for 850 E Northwest Hwy

General Information

Standard status Active
Property subtype Retail
Listing Agency: Infiniti Properties Inc
Listed By: Ned Malley · License #IL 471007341
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 8:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Infiniti Properties Inc

Investment Insights

Based on property information with market context.

This freestanding commercial property combines a former gasoline service station with a mechanics shop. The station is currently closed, and all fuel tanks have been removed. The site may support multiple retail and service-oriented concepts under its B2 zoning.

The property is located on E Northwest Hwy in Palatine, IL.

With the existing station and shop improvements already in place, this is a straightforward conversion candidate for uses permitted under B2 zoning.

Key Highlights

  • Freestanding property that previously operated as a gasoline service station and mechanics shop, currently closed
  • B2 zoning with listed potential for conversion to uses such as gas station, retail, or restaurant
  • Gasoline service station and mechanics shop setup on‑site

Property Analytics

Current Use

Gas stations

Suggested Use

Top Pick Law Firm Grocery & Convenience Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Daycare Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,047
Businesses Nearby
10k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Mobil Shops & Services
5,279 visits/mo 0.4 miles
Citgo Shops & Services
2,934 visits/mo 0.3 miles
Public Storage Shops & Services
1,571 visits/mo 0.4 miles

Demographics for 60074, IL

37,705
Population
14,953
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
85%
High-School Grad
7.1 sq mi
ZIP Area
5,311
Density / Sq Mi
$81,911
Median Household Income
$45,217
Median Earnings
$1,429
Median Rent
$307,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Gas station - Freestanding property with former gasoline service station and mechanics shop, currently closed, with B2 zoning.
Where is this gas station located?
The property is located at 850 E Northwest Hwy Palatine, IL.
What are key features of this property?
This property features: Freestanding property that previously operated as a gasoline service station and mechanics shop, currently closed; B2 zoning with listed potential for conversion to uses such as gas station, retail, or restaurant; Gasoline service station and mechanics shop setup on‑site
(708) 859-7846 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message