855 Palatine Rd Palatine, IL 60074-5500
- Retail space
- 0.79 lot acres
Current Use by Public Records
- Candre Francis C DDS / Dentist
- Winston Dental Care / Dentist
- Palatine Smiles Dental Center , Dr. David Froggatt / Dentist
- Blackstone Lawrence A DDS / Dentist
- Palatine Dentistry, PC / Dentist / Cosmetic Dentist
Property Details for 855 Palatine Rd
- Year built
- 1971
- Lot size
- 0.79 lot acres
- Property type
- Retail space
- APN
- 02-24-100-008
- APU
- 224100008
Description
This exceptional two-story, 14,500 square foot Class B medical office building is situated on a 0.79-acre lot at 855 E Palatine Rd, Palatine, IL 60074. Built in 1971, the property boasts a multi-tenant occupancy, currently at approximately 93% leased, with most tenants having occupied their spaces for over fourteen years. There are only two vacant units available. Each unit benefits from individual utility metering, ensuring efficient cost management. The building features ample parking with 46 paved spaces, two public restrooms, and a chair lift providing convenient access to the second floor. Almost all units include private bathrooms. The property is zoned R-1 and offers a typical floor size of 7,083 square feet. Its strategic location provides easy access to major roadways, including I-53 and I-290, and is just five minutes from the proposed Chicago Bears stadium, making it a highly desirable location in Palatine, Cook County. The building's strong tenancy history and prime location present a compelling investment opportunity. The asking price is $700,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $305,000
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Location Insight
- Map
- Local Demand
- City
- Palatine
- County
- Cook
- State
- Illinois
- Longitude
- -88.0222
- Latitude
- 42.1098
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
