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    1405 Palatine Rd Hoffman Estates, IL 60192

    For Lease
    $20 SF/Yr

    Hoffman Estates Retail Space Available

    Lot size:
    38,980 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Charles Plaza, a Class A retail center in Hoffman Estates, Cook County, offers a prime opportunity for businesses seeking high-visibility locations. Built in 2000 and renovated in 2014, this 38,980 square foot center boasts 19 suites, with 5,618 square feet currently vacant. The available space totals 3,368 square feet, ideal for a variety of retail uses. The property is strategically located on Palatine Road, near the intersection of Olmstead, providing excellent access and high traffic visibility. Its location within the affluent Hoffman Estates community, and close proximity to the high-income areas of Inverness and Barrington, ensures a strong customer base. The center is anchored by Jewel-Osco, a major area grocer, and is home to a diverse mix of successful tenants including Starbucks, Lou Malnati's Pizzeria, Subway, ATI Physical Therapy, and Orangetheory Fitness. This established center offers a strong tenant mix and a proven track record of success, making it an attractive investment opportunity for discerning businesses. The property's modern design and convenient location make it an ideal choice for businesses seeking to establish or expand their presence in a thriving retail market. The available space presents a unique chance to join a successful retail community in a highly desirable location.

    Property Features for 1405 Palatine Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,980 SF
    Class
    A
    Total Rate
    64966.67

    Building Details

    Year Built/Renovated
    2000/2014

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    3,368 SF
    Rate per SF
    $20

    HighLights

    • Class A, 38,980 SF retail center in Hoffman Estates, Cook County.
    • 19 suites, with 5,618 SF currently vacant.
    • One available space totaling 3,368 SF.
    • Built in 2000, renovated in 2014.
    • Anchored by Jewel‑Osco and features tenants including Starbucks, Lou Malnati's, and OrangeTheory.
    • Located on Palatine Road, near Inverness and Barrington.
    Property Profile Location Intelligence

    Current Use by Public Records

    Starbucks Coffee Shop

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoffman Estates
    County
    Cook
    State
    Illinois
    Longitude
    -88.1143893
    Latitude
    42.1105572

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    FAQs

    What type of property is this?
    Individual retail property - Hoffman Estates Retail Space Available
    Where is this individual retail property located?
    The property is located at 1405 Palatine Rd Hoffman Estates, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Class A, 38,980 SF retail center in Hoffman Estates, Cook County.; 19 suites, with 5,618 SF currently vacant.; One available space totaling 3,368 SF.
    Request Owner's contact information
    1405 Palatine Rd Hoffman Estates, IL 60192
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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
    1405 Palatine Rd Hoffman Estates, IL 60192
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