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    1540 Northwest Hwy Palatine, IL 60074

    Sponsored
    For Lease
    Contact for pricing

    ±30,207 SF Industrial Land, Build-to-Suit Available

    Lot size:
    30,207 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 30,207 square foot industrial land parcel presents a unique development opportunity in Palatine, Illinois. Situated on a substantial 326-acre lot, this single-tenant property boasts a prime location directly across from the proposed new home of the Chicago Bears, offering unparalleled visibility and potential for significant future growth. The site is conveniently located near the intersection of State Highway and Northwest Highway, providing easy access to IL-53. Commuters will appreciate the proximity to the Arlington Park Metra station (Union Pacific Northwest line). This thriving area is home to a diverse range of established businesses, including McDonald's, Dunkin', Orbit Skate Center, and Soccer City Palatine, ensuring a strong and vibrant commercial environment. The property is available for ground lease or build-to-suit options, providing flexibility for various development plans. Cook County location and 60074 zip code offer further advantages. This is an exceptional opportunity to acquire a strategically located industrial land site with significant long-term potential. The substantial lot size and prime location make this property an ideal investment for developers seeking a high-impact project in a rapidly growing area. The property's proximity to major transportation routes and established businesses ensures strong accessibility and a robust commercial landscape.

    Property Features for 1540 Northwest Hwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,207 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    30,207 SF

    HighLights

    • ±30,207 SF industrial land parcel available for ground lease or build‑to‑suit.
    • Directly across from the proposed new Chicago Bears facility (326 acres).
    • Close proximity to IL‑53.
    • Across from Arlington Park Metra Station (Union Pacific Northwest Line).
    • Strong surrounding tenant base including McDonald's, Dunkin', Orbit Skate Center, and Soccer City Palatine.
    Property Profile Location Intelligence

    Current Use by Public Records

    Butler Corp Air Conditioning System Supplier Easy Move Company Moving Supply Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0066092
    Latitude
    42.095041

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    FAQs

    What type of property is this?
    Land - ±30,207 SF Industrial Land, Build-to-Suit Available
    Where is this land located?
    The property is located at 1540 Northwest Hwy Palatine, IL.
    What are key features of this property?
    This property features: ±30,207 SF industrial land parcel available for ground lease or build-to-suit.; Directly across from the proposed new Chicago Bears facility (326 acres).; Close proximity to IL-53.
    Request Owner's contact information
    1540 Northwest Hwy Palatine, IL 60074
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    Palatine, IL 60074
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1540 Northwest Hwy Palatine, IL 60074
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