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Brick Office Building With Four Suites
For Sale
$325,000

502 N Plum Grove Road, Palatine, IL 60067

Flexible office configuration with common-area bathrooms and parking.

Property Size3,778 SF
Days on Market329

Property Features for 502 N Plum Grove Road

General Information

Standard status Active
Size 3,778 SF
Property subtype Commercial
Zoning PUD

Additional Details

Road Access Yes
Office Units 4

Taxes and HOA fees

Annual Taxes $30,784

Building Details

Building Size 3,778 SF
Year Built 1989
Buildings 1
Stories 1
Units 4
Construction brick
Listing Agency: MisterHomes Real Estate
Listed By: Matt Hernacki · License #471000354
Source: Allinonerealestateco
Added: Sep 17, 2025 Changed: Aug 7 Last Checked: Aug 10 at 11:01AM

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 MisterHomes Real Estate

Investment Insights

Based on property information with market context.

This 1989 office building is constructed of brick and currently arranged as four separate suites, with shared bathrooms serving the occupants. The layout can be configured as one through four office units, providing flexibility for different ownership or occupancy plans. The roof was replaced two years ago, and the property is zoned PUD.

The building is located at 502 N Plum Grove Road in Palatine, where Plum Grove Road meets Northwest Highway. It sits within Plum Grove Office Park near the Route 14 corridor and includes on-site parking. The property offers a standalone office configuration with adaptable suite divisions and common-area facilities.

Key Highlights

  • Four separate office suites with common‑area bathrooms
  • Configurable from 1‑4 office units
  • Brick construction with a 1989 year built

Property Analytics

Current Use

Callea Charles DDS Dental Office Law Office of Thomas ... Law Firm Bechtold Insurance Agency Insurance Agency Kenneth E Kaiser Law Firm MisterHomes Real Estate Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Bakery Hotel & Motel Storage Facility Tech Support Center Nursing Home

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

4
Office units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,453
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Flexible office configuration with common-area bathrooms and parking.
Where is this office building located?
The property is located at 502 N Plum Grove Road Palatine, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four separate office suites with common‑area bathrooms; Configurable from 1‑4 office units; Brick construction with a 1989 year built
More about this property
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