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Retail Space with Central Air
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141-189 W NORTHWEST Highway, Palatine, IL 60067

Commercial Lease, Palatine, IL

Space SizeContact for details
Days on Market4

Property Features for 141-189 W NORTHWEST Highway

General Information

Property type Commercial Lease
Property subtype Retail
Zoning RTAIL
Directions CORNER OF NORTHWEST HIGHWAY AND SMITH RD
Subdivision Palatine
Standard status Active

Taxes and HOA fees

Tax Year 2025

Utilities

Cooling system Central Air

Building Details

Year built 1980
Floors in Building 1
Number of units 18
Building materials Brick
Listing Agency: USA Real Estate Ltd.
Listed By: Joe Zivoli · License #ILLINOIS471-001855
Added: Oct 28 Last Checked: Oct 31 at 4:06PM
MLS# 12795975

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This retail space is in a brick building constructed in 1980 and has central air conditioning. The lease’s total monthly rent includes base rent, CAM, and real estate taxes.

The property is at the intersection of Northwest Highway and Smith Road in Palatine, across from CVS Pharmacy and Chase Bank. Ample parking is available.

Key Highlights

  • Retail space at Northwest Highway and Smith Road
  • Across the street from CVS Pharmacy and Chase Bank
  • Ample parking

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Bakery Grocery & Convenience Store Garden Center Travel Agency

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,009
Businesses Nearby
98k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 56% Shops & Services 34% Home Improvements & Furnishings 9% Beauty & Spa 1%
Wendy's Dining
16,135 visits/mo 0.3 miles
Starbucks Dining
15,404 visits/mo 0.2 miles
Dollar Tree Shops & Services
13,908 visits/mo 0.4 miles
Taco Bell Dining
13,247 visits/mo 0.3 miles
Mutual Ace Hardware Corp Home Improvements & Furnishings
7,880 visits/mo 0.5 miles

Demographics for 60067, IL

39,324
Population
16,039
Households
2.5
Avg Household Size
43
Median Age
59%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
3,025
Density / Sq Mi
$121,572
Median Household Income
$64,520
Median Earnings
$1,521
Median Rent
$427,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Total monthly rent combines base rent, CAM, and real estate taxes.
Where is this retail space located?
The property is located at 141-189 W NORTHWEST Highway Palatine, IL.
What are key features of this property?
This property features: Retail space at Northwest Highway and Smith Road; Across the street from CVS Pharmacy and Chase Bank; Ample parking
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