Freestanding Office
For Sale
$375,000
500 N Plum Grove Road, Palatine, IL 60067
The office layout can accommodate up to three separate suites, with three HVAC units serving the building.
Property Size3,778 SF
Price / SF$99.26
Days on Market61
Property Features for 500 N Plum Grove Road
General Information
Standard status
Active
Size
3,778 SF
Total Parking Spaces
100
Property subtype
COMMERCIAL
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$54,600
Office Units
1
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$23,469
Amenities
private bath and shower
three HVAC units
Building Details
Building Size
3,778 SF
Year Built
1989
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Patrick Jeffrey Realty
(312) 375-9653
Listed By:
Jeffrey Olichwier
Source:
Purveyproperties
Added: Sep 2
Changed: Oct 31
Last Checked: Oct 31 at 3:27AM
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 Patrick Jeffrey Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,778-square-foot office condominium is a freestanding, brick building constructed in 1989. The interior can be arranged as as many as three separate commercial units. A private bath and shower are located in the executive office, and three HVAC units serve the property. Two tenants currently occupy space on month-to-month arrangements, offering an existing tenancy structure alongside the option to reconfigure the offices.
The property is at 500 N Plum Grove Road in Palatine, with roadway access and nearby public transportation, including proximity to a train station. Approximately 100 common parking spaces serve the building. The office configuration and shared parking support a range of professional business uses without requiring a single-occupant layout.
The property is at 500 N Plum Grove Road in Palatine, with roadway access and nearby public transportation, including proximity to a train station. Approximately 100 common parking spaces serve the building. The office configuration and shared parking support a range of professional business uses without requiring a single-occupant layout.
Key Highlights
- 3,778‑square‑foot freestanding office condominium
- Brick exterior; built in 1989
- Can be configured into as many as three commercial units
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,530
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The office layout can accommodate up to three separate suites, with three HVAC units serving the building.
Where is this office building located?
The property is located at 500 N Plum Grove Road Palatine, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,778‑square‑foot freestanding office condominium; Brick exterior; built in 1989; Can be configured into as many as three commercial units
