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650 N 1st Bank Dr, Palatine, IL 60067

Office buildings

Property Size4,029 SF
Days on Market183

Property Features for 650 N 1st Bank Dr

General Information

Standard status Active
Size 4,029 SF
Class B
Property subtype Office
Zoning OT, Palatine
Occupancy 100%
Lease Type Modified Gross
Investment Type Owner/User

Building Details

Year Renovated 2025
Buildings 1
Stories 1
Tenancy Multi
Listing Agency: Moats Office Properties
Listed By: Ryan Moats · License #FLBO
Source: Crexi
Added: Feb 18 Changed: Aug 12 Last Checked: Aug 19 at 1:01PM

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 Moats Office Properties

Investment Insights

Based on property information with market context.

Key Highlights

  • Strategic location in Palatine's corporate corridor, east of Illinois Route 53, providing immediate regional connectivity.
  • Highly functional layout suitable for professional, medical, and service‑oriented users.
  • Efficient floor plates, generous surface parking, and professional exterior.

Property Analytics

Current Use

Morrison Associates Medical Clinic David E. Morrison ... Physician Behavioral Forensics Group Consultant

Suggested Use

Top Pick Auto Parts Store Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

891
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

Where is this office building located?
The property is located at 650 N 1st Bank Dr Palatine, IL.
What are key features of this property?
This property features: Strategic location in Palatine's corporate corridor, east of Illinois Route 53, providing immediate regional connectivity.; Highly functional layout suitable for professional, medical, and service‑oriented users.; Efficient floor plates, generous surface parking, and professional exterior.
More about this property
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