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Premier Palatine Office and Medical
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579 N 1st Bank Dr, Palatine, IL 60067

Move-in-ready suites in Chicago’s Northwest suburbs.

Space Size756 SF - 1,417 SF
Property Size18,560 SF
Days on Market601

Property Features for 579 N 1st Bank Dr

General Information

Standard status Active
Size 756 SF - 1,417 SF
Class B
Total Parking Spaces 60
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 18,560 SF
Year Built 1970
Tenancy Multiple

Spaces For Lease

at 579 N 1st Bank Dr Contact us

Suite 140 - Turnkey Dental Suite

Size
1,417 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 265

Size
756 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Moats Office Properties
Listed By: Ryan Moats · License #FLBO
Source: Crexi
Added: Dec 27, 2024 Changed: Aug 14 Last Checked: Aug 20 at 4:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Moats Office Properties

Investment Insights

Based on property information with market context.

Located within the Office Park of Palatine, 579 N First Bank Drive is a premier office and medical campus offering move-in-ready suites. This property provides a flexible, professional environment suitable for medical users, service providers, and growing office-based businesses. Suites can be tailored for medical, dental, therapy, professional office, or tech users. The Office Park of Palatine offers building and monument signage, enhancing visibility within a professionally managed campus. The location is near top national retailers such as Target, The Home Depot, Jewel-Osco, Best Buy, Walmart, and TJ Maxx, all within a 10-minute drive. The property is supported by an affluent population with an average household income of $127,415 within five miles. It is less than 1 hour to downtown Chicago and just 25 minutes to O’Hare International Airport. Tenants benefit from 24/7 secure building access, on-site property management, energy-efficient improvements, tenant-controlled HVAC, and high-speed internet options, including DSL, cable, Comcast, and fiber optic connectivity.

Key Highlights

  • Move‑in ready suites adaptable for medical, dental, professional office, or tech users
  • Premier office park location in Chicago's Northwest suburbs
  • Excellent regional connectivity: less than 1 hour to downtown Chicago and 25 minutes to O'Hare Airport

Property Analytics

Current Use

Greater Palatine Chamber-Commerce Business Service Center Liquid Capital of Illinois Business To Business Service Albers Theresa DDS Dental Office Mature Health Services Insurance Agency Aetna National List Insurance Agency

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Parts Store Big Box & Wholesale Store Auto Repair Shop Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,042
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60067, IL

39,324
Population
16,039
Households
2.5
Avg Household Size
43
Median Age
59%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
3,025
Density / Sq Mi
$121,572
Median Household Income
$64,520
Median Earnings
$1,521
Median Rent
$427,900
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Move-in-ready suites in Chicago’s Northwest suburbs.
Where is this medical office space located?
The property is located at 579 N 1st Bank Dr Palatine, IL.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: Move‑in ready suites adaptable for medical, dental, professional office, or tech users; Premier office park location in Chicago's Northwest suburbs; Excellent regional connectivity: less than 1 hour to downtown Chicago and 25 minutes to O'Hare Airport
More about this property
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