Mixed-Use Building with
New
For Sale
$850,000
552 E Northwest Highway, Palatine, IL 60074
Commercial Sale, Palatine, IL
Property SizeContact for details
Lot Size0.17 Acres
Days on Market2
Property Features for 552 E Northwest Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MULTI
Directions
North on Northwest HWY property on the right
Subdivision
Palatine
Standard status
Active
APN
02232140100000
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
15907
Utilities
Utilities
Natural Gas Available
Cooling system
Central Air
Amenities
in-unit laundry
hardwood floors
new kitchens with quartz countertops
new baths
open contemporary layout
kitchen with sub-zero refrigerator
restrooms
dock door
2.5 car garage
Building Details
Year built
1956
Floors in Building
2
Number of units
4
Flooring type
Tile, Wood
Building materials
Brick
Roof type
Tar/Gravel
Listing Agency:
Hometown Real Estate Group
(773) 625-1121
Listed By:
Jolanta Kazimierski · License #475126576
(773) 870-2773
Added: Oct 1
Last Checked: Oct 2 at 6:06AM
MLS# 12773893
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1956 brick mixed-use building contains 5,000 square feet of first-floor retail or office space and two remodeled apartments. The residences include an approximately 1,500-square-foot three-bedroom unit and an approximately 1,200-square-foot two-bedroom unit, each with in-unit laundry, hardwood floors, updated kitchens and baths, and separate utilities. Ground-floor features include two office areas, a kitchen, restrooms, and a rear dock door. One office is occupied by a dental lab and the other by an accounting service. Building systems include five furnaces, five air-conditioning units, and three water meters; a 2.5-car garage is also on site.
The property has 127 feet of frontage on Northwest Highway and is near IL Route 53. Parking includes six spaces in front and at least eight in the rear. Zoned MULTI, the building occupies a 0.1722-acre lot.
The property has 127 feet of frontage on Northwest Highway and is near IL Route 53. Parking includes six spaces in front and at least eight in the rear. Zoned MULTI, the building occupies a 0.1722-acre lot.
Key Highlights
- 5,000 SF of first‑floor commercial space with two office areas and a rear dock door
- Two remodeled apartments: approximately 1,500 SF with 3 bedrooms and 1,200 SF with 2 bedrooms
- 127' of frontage along Northwest Highway
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
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 Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two remodeled residences sit above ground-floor commercial space with separate utilities and a rear delivery door.
Where is this mixed-use property located?
The property is located at 552 E Northwest Highway Palatine, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,000 SF of first‑floor commercial space with two office areas and a rear dock door; Two remodeled apartments: approximately 1,500 SF with 3 bedrooms and 1,200 SF with 2 bedrooms; 127' of frontage along Northwest Highway
