Flex Building with Showroom
For Sale
$1,100,000
201 E Dundee Rd, Palatine, IL 60074
Flexible commercial layout combines office areas, showroom space, private rooms, and enclosed storage for varied business operations.
Property Size7,070 SF
Lot Size0.80 Acres
Price / SF$143.79
Days on Market53
Property Features for 201 E Dundee Rd
General Information
Standard status
Active
Size
7,070 SF
Class
B
Lot size
0.80 Acres
Property subtype
Office - General Office
Zoning
B-2
Additional Details
Public Transit
Yes
Amenities
volume ceilings
Bose sound systems
multiple private offices
garage/storage areas
kitchen
bathrooms
Building Details
Building Size
7,070 SF
Year Built
1989
Buildings
1
Units
23
Listing Agency:
Jameson Commercial
Listed By:
Steven Goldstein
(312) 216-8000
Source:
Commercialcafe
Added: Aug 23
Changed: Oct 3
Last Checked: Oct 12 at 4:47PM
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 Jameson Commercial
Investment Insights
Based on property information with market context.
Built in 1989, this flex property occupies approximately 0.8 acres and includes 7,650 SF of commercial space. The layout combines office and showroom areas with volume ceilings, multiple private offices, a kitchen, bathrooms, garage areas, and storage space. Bose sound systems are also installed within the building.
The property is zoned B-2 and is located at 201 E Dundee Road in Palatine, Illinois. Nearby amenities include dining, shopping, and recreational destinations, with Deer Grove Forest Preserve and the Palatine Metra Station identified among the surrounding points of interest.
The combination of customer-facing showroom space, dedicated offices, and enclosed areas for vehicles, equipment, or inventory supports a range of flex-space operations under one roof.
The property is zoned B-2 and is located at 201 E Dundee Road in Palatine, Illinois. Nearby amenities include dining, shopping, and recreational destinations, with Deer Grove Forest Preserve and the Palatine Metra Station identified among the surrounding points of interest.
The combination of customer-facing showroom space, dedicated offices, and enclosed areas for vehicles, equipment, or inventory supports a range of flex-space operations under one roof.
Key Highlights
- 7,650 SF office and showroom building on approximately 0.8 acres
- B‑2 zoning at 201 E Dundee Road, Palatine, IL 60074
- Volume ceilings and installed Bose sound systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,555
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,611,100
$1.6M
Cap Rate 7%
$1,150,786
$1.2M
Cap Rate 9%
$895,056
$895.1K
Market Conditions
NOI Build-Up for 7,650 SF
Gross rent
$137.7K $18.00/SF
− Vacancy
−$13.8K −$1.80/SF
EGI
$123.9K $16.20/SF
− OpEx
−$43.4K −$5.67/SF
NOI
$80.6K $10.53/SF
Area
Cook County, IL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,611,100
Cap Rate 7%
$1,150,786
Cap Rate 9%
$895,056
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,183 @ 7.0% cap · market cap 9.65%
Second Best
Office B
$1.51M
$1.32M – $1.76M
NOI $105,481 @ 7.0% cap · market cap 9.59%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,884 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial layout combines office areas, showroom space, private rooms, and enclosed storage for varied business operations.
Where is this flex space located?
The property is located at 201 E Dundee Rd Palatine, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7,650 SF office and showroom building on approximately 0.8 acres; B‑2 zoning at 201 E Dundee Road, Palatine, IL 60074; Volume ceilings and installed Bose sound systems
