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    Northwest Hwy Palatine, IL 76051

    Sponsored
    For Lease
    $15 SF/Yr

    High-traffic retail & office suites available.

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Invest in this exceptional 40,000 square foot retail and office center located in Grapevine, Texas, within Tarrant County. This single-story, 1980-built property sits on a 2.79-acre lot at the prominent intersection of E Northwest Hwy and W Northwest Hwy & N Plum Grove Rd, boasting excellent visibility and signage opportunities. Currently, 6,280 square feet of space is available, divisible into units ranging from 532 to 1,864 contiguous square feet, perfect for a variety of businesses. The center features 70 parking spaces for ample customer and employee convenience. Common areas underwent a significant renovation in 2019, enhancing the overall appeal and functionality of the space. A key advantage is the property's strategic location, anchored by Quest Academy, an elementary school with approximately 300 students, ensuring consistent foot traffic and a strong community presence. This presents a unique opportunity to establish a thriving business in a high-demand area. The property's multiple tenancy allows for flexibility and diverse tenant options. Don't miss this chance to secure a prime location in a thriving community. Contact us today to learn more about leasing opportunities.

    Property Features for 0 Northwest Hwy

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF
    Total Rate
    50000

    Building Details

    Year Built
    1980
    Stories
    14

    Unit(s) available at that property

    Space
    Suite 19-A
    Size
    321 SF
    Space
    Suite 15-B
    Size
    815 SF
    Rate per SF
    $15

    HighLights

    • 1,074 SF of immediately available retail/office space for lease.
    • High‑visibility location on Northwest Hwy with excellent street exposure.
    • Convenient access to Route 53 and I‑90 via Northwest Hwy.
    • Anchored by Quest Academy, a 300‑student elementary school.
    • Seller is highly motivated.
    • Suites offer efficient layouts ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Palatine
    County
    Tarrant
    State
    Illinois
    Longitude
    -88.0364749
    Latitude
    42.1183518

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail & office suites available.
    Where is this neighborhood center located?
    The property is located at Northwest Hwy Palatine, IL.
    What is the lease rate?
    The lease rate is $0.00-$15 SF/Yr.
    What are key features of this property?
    This property features: 1,074 SF of immediately available retail/office space for lease.; High-visibility location on Northwest Hwy with excellent street exposure.; Convenient access to Route 53 and I-90 via Northwest Hwy.
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    Northwest Hwy Palatine, IL 76051
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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
    Northwest Hwy Palatine, IL 76051
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