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    1530 Dundee Rd Palatine, IL 60074

    Sponsored
    For Sale
    $4,700,000

    Multi-tenant office buildings, excellent location.

    Property size:
    39,485 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses two three-story office buildings totaling approximately 39,485 to 39,906 square feet, situated on 1530 and 1540 E Dundee Rd in Palatine, Illinois, 60074. The property boasts a prime location within Cook County, benefiting from easy access to the full 4-way interchange at Route 53 and proximity to over 20 restaurants. The buildings feature updated lobbies and landscaping, along with on-site management and engineering. This multi-tenant property presents a compelling investment opportunity, further enhanced by its location within a new Tax Increment Financing (TIF) District slated for approval in August. The property's APN numbers are 02-01-401-019-0000, 02-01-401-023-0000, and 02-01-401-022-0000. The asking price is $4,700,000. The potential for assemblage and redevelopment adds significant long-term value. This is a rare chance to acquire a well-maintained, strategically located office complex with substantial upside potential.

    Property Features for 1530 Dundee Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    39,485 SF

    Building Details

    Buildings
    2
    Stories
    3

    HighLights

    • $4,700,000 asking price for this multi‑tenant office property.
    • 39,485 - 39,906 square feet across two, three‑story buildings.
    • Located at 1530‑1540 E Dundee Rd, Palatine, IL 60074, Cook County.
    • Property features updated lobbies and landscaping, on‑site management and engineering.
    • Situated near Route 53 with easy access to a full 4‑way interchange and over 20 restaurants.
    • Potential assemblage/redevelopment opportunity in a new Tax Increment Financing (TIF) District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vestis Group Manufacturer Uniquesoft LLC Software Company Capital Forensics, Inc. Financial Consultant Consolidated Mill Supply ... Exporter J.S. Held Consultant

    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
    -88.0086032
    Latitude
    42.1397892

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    FAQs

    What type of property is this?
    Office Property / Space - Multi-tenant office buildings, excellent location.
    Where is this office property / space located?
    The property is located at 1530 Dundee Rd Palatine, IL.
    What is the asking price?
    The asking price for this property is $4,700,000.
    What are key features of this property?
    This property features: $4,700,000 asking price for this multi-tenant office property.; 39,485 - 39,906 square feet across two, three-story buildings.; Located at 1530-1540 E Dundee Rd, Palatine, IL 60074, Cook County.
    (847) 698-8269
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    1530 Dundee Rd 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
    1530 Dundee Rd Palatine, IL 60074
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