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    753 Palatine Rd Palatine, IL 60067

    Sponsored
    For Lease
    $21 SF/Yr ($8,750 /Mo)

    7-Eleven anchored center, 2,400 sq ft.

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 2,400-square-foot retail space, located in a 7-Eleven anchored center at the highly visible southeast corner of Palatine Road and Quentin Road in Cook County, offers exceptional visibility and accessibility. The property boasts over 31,000 vehicles per day passing by. The space is currently a vanilla box, allowing for flexible build-out to suit various business needs. It can be demised to accommodate smaller tenants. The center provides ample parking with 30 spaces (a ratio of 6 per 1,000 square feet). Strong co-tenancy includes Jewel-Osco, Starbucks, Subway, Vini's Pizza, J&J Liquor, and Clark Gas Station. The location benefits from its proximity to major transportation arteries: Interstate 90 is just three miles south, and the Palatine Metra station is conveniently located one mile west. The building, constructed in 1970, offers a total of 5,000 square feet across one suite. This prime retail opportunity is situated within a thriving commercial area, providing excellent exposure and potential for significant business growth. The available space is part of a larger 5,000 square foot building.

    Property Features for 753 Palatine Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF
    Total Rate
    8750

    Building Details

    Year Built
    1970

    Unit(s) available at that property

    Space
    753 W Palatine Road
    Size
    2,400 SF
    Rate per SF
    $21

    HighLights

    • High‑visibility retail space at the hard corner of Palatine Rd & Quentin Rd, with over 31,000 vehicles per day.
    • Ample parking with 30 spaces (6/1,000 SF).
    • 7‑Eleven anchored center.
    • 2,400 SF vanilla box space available, divisible.
    • Excellent access to I‑90 (3 miles) and Palatine Metra station (1 mile).
    Property Profile Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Amazon Locker - Chin E-Commerce Service 7-Eleven Convenience 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
    -88.0627805
    Latitude
    42.1099785

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    FAQs

    What type of property is this?
    Individual retail property - 7-Eleven anchored center, 2,400 sq ft.
    Where is this individual retail property located?
    The property is located at 753 Palatine Rd Palatine, IL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: High-visibility retail space at the hard corner of Palatine Rd & Quentin Rd, with over 31,000 vehicles per day.; Ample parking with 30 spaces (6/1,000 SF).; 7-Eleven anchored center.
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    753 Palatine Rd Palatine, IL 60067
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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
    753 Palatine Rd Palatine, IL 60067
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