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Shopping Center Retail-Office Suite
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315 W Northwest Hwy, Palatine, IL 60067

Retail/office space within a 37,200 SF shopping center, served by an elevator and ample parking.

Property Size500 SF
Days on Market367

Property Features for 315 W Northwest Hwy

General Information

Standard status Active
Size 500 SF
Property subtype RETAIL
Lease Type SF/mo

Additional Details

Pylon Signage Yes

Amenities

elevator

Building Details

Building Size 37,200 SF
Tenancy Multi
Listing Agency: Millennium Properties Real Estate
Listed By: Susan B. Silver · License #475136992
Source: Moodyscre
Added: Jul 29, 2025 Changed: Jul 29 Last Checked: Jul 29 at 3:42PM

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 Millennium Properties Real Estate

Investment Insights

Based on property information with market context.

This offering consists of a retail/office suite totaling 530 SF, located within a 37,200 SF shopping center. Elevator service is available for the office suites, supporting convenient access to the interior space. Pylon signage is available, along with ample parking for customers and visitors.

The center is positioned near US Rte 14 and is described as having strong visibility and easy access. The surrounding area includes well-known retailers and restaurants such as Jewel-Osco, Taphouse Grill, Mariano’s, EuroFresh Market, McDonald’s, Subway, 7-Eleven, Dunkin, CVS Pharmacy, Chase, BMO Harris Bank, and more.

As part of an active retail environment, the suite is best suited for users seeking a straightforward retail/office configuration with on-site access amenities and signage options.

Key Highlights

  • Approximately 530 SF of retail/office space
  • Part of a 37,200 SF shopping center
  • Elevator serves the office suites

Property Analytics

Current Use

Team Rehabilitation Physical ... Physician Pep Boys (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Barber Shop Storage Facility

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

642
Businesses Nearby
11k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 76% Dining 18% Beauty & Spa 6%
7-Eleven Shops & Services
7,671 visits/mo 0.0 miles
Papa John's Pizza Dining
1,877 visits/mo 0.1 miles
Elements Massage Beauty & Spa
637 visits/mo 0.4 miles
Napa Auto Parts Shops & Services
449 visits/mo 0.1 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

Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Retail space - Retail/office space within a 37,200 SF shopping center, served by an elevator and ample parking.
Where is this retail space located?
The property is located at 315 W Northwest Hwy Palatine, IL.
What is the lease rate?
The lease rate is $500 /Mo.
What are key features of this property?
This property features: Approximately 530 SF of retail/office space; Part of a 37,200 SF shopping center; Elevator serves the office suites
(312) 338-3001 Call to check price and availability
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