Retail
204 North Hicks Place, Palatine, IL 60067
For Sale
New
$525,000
The space sits among restaurants, shops, and everyday amenities in a walkable Palatine retail area.
Property Size3,000 SF
Price / SF$175
Days on Market2
Property Features for 204 North Hicks Place
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Building Details
Building Size
Listing Agency:
Joseph Rossi & Associates, Inc (JRA) - Corporate
Listed By:
Sam Tamimi
(708) 289-7678
Source:
Jrossiandassociates
Added: Nov 12
Last Checked: Nov 12 at 2:54PM
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 Joseph Rossi & Associates, Inc (JRA) - Corporate
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Investment Insights
Based on property information with market context.
This 3,000-square-foot retail space is located at 204 North Hicks Place in Palatine, Illinois. Its setting includes a mix of restaurants, boutique shops, and daily-use amenities, placing retail and service businesses within an established neighborhood corridor.
Historic downtown Palatine and the Birchwood Plaza and Deer Grove Crossing shopping centers are nearby. The area is described as walkable, with neighborhood customers and foot traffic supporting a range of retail and service uses.
Historic downtown Palatine and the Birchwood Plaza and Deer Grove Crossing shopping centers are nearby. The area is described as walkable, with neighborhood customers and foot traffic supporting a range of retail and service uses.
Key Highlights
- 3,000‑square‑foot retail space
- Address: 204 North Hicks Place, Palatine, IL 60067
- Near historic downtown Palatine, Birchwood Plaza, and Deer Grove Crossing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,196
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,920
$843.9K
Cap Rate 7%
$602,800
$602.8K
Cap Rate 9%
$468,844
$468.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$65.9K $21.96/SF
− Vacancy
−$5.6K −$1.87/SF
EGI
$60.3K $20.09/SF
− OpEx
−$18.1K −$6.03/SF
NOI
$42.2K $14.07/SF
Area
Cook County, IL
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,920
Cap Rate 7%
$602,800
Cap Rate 9%
$468,844
Alternative Uses
Best Use
Retail
$602.8K
$527.5K – $703.3K
NOI $42,196 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,640 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,180
Businesses Nearby
136k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 25%
Shops & Services 24%
Home Improvements & Furnishings 6%
Mariano's
Groceries
33,540 visits/mo
0.4 miles
Wendy's
Dining
16,135 visits/mo
0.1 miles
Starbucks
Dining
15,404 visits/mo
0.1 miles
Dollar Tree
Shops & Services
13,908 visits/mo
0.3 miles
Taco Bell
Dining
13,247 visits/mo
0.2 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
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Market
Properties on Market for Retail space in Cook County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The space sits among restaurants, shops, and everyday amenities in a walkable Palatine retail area.
Where is this retail space located?
The property is located at 204 North Hicks Place Palatine, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,000‑square‑foot retail space; Address: 204 North Hicks Place, Palatine, IL 60067; Near historic downtown Palatine, Birchwood Plaza, and Deer Grove Crossing
