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Palatine Retail Land Opportunity
For Sale
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Pending

145 W Northwest Hwy or 565 & 567 Smith Street Palatine, Palatine, IL 60067

Prime retail land with B-2 zoning in Palatine, Illinois.

Property SizeContact for details
Lot Size0.36 Acres
Days on Market1443

Property Features for 145 W Northwest Hwy or 565 & 567 Smith Street Palatine

General Information

Standard status Pending
Lot size 0.36 Acres
Property subtype Land
Zoning B-2
Listing Agency: Home Smart Connect
Listed By: Lewis Kaplan · License #475156218
Source: Crexi
Added: Aug 30, 2022 Changed: Aug 8 Last Checked: Aug 10 at 2:04PM

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 Home Smart Connect

Investment Insights

Based on property information with market context.

Located at 145 W Northwest Hwy, also known as 565 & 567 Smith Street in Palatine, IL 60067, this property consists of retail land with B-2 zoning, situated next to a strip mall. The combined area of these adjacent parcels totals 15,600 square feet, presenting opportunities for commercial or residential projects. The two wooded lots each have frontage footage of 60 x 130 and can be purchased separately or together. The property's location offers a high mobility score, making it suitable for a retail store. The land is located close to schools and special assessments. It may be possible to rezone the land as a residential area with R-2 zoning.

Key Highlights

  • Prime location retail land with B‑2 zoning.
  • Total of 15,600 sq ft, suitable for commercial or residential projects.
  • High mobility score, ideal for retail business.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Real Estate Agency Pharmacy Locksmith Barber Shop

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

Location Intelligence

Trade Area within ½ mile

611
Businesses Nearby

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Prime retail land with B-2 zoning in Palatine, Illinois.
Where is this commercial land located?
The property is located at 145 W Northwest Hwy or 565 & 567 Smith Street Palatine Palatine, IL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Prime location retail land with B‑2 zoning.; Total of 15,600 sq ft, suitable for commercial or residential projects.; High mobility score, ideal for retail business.
(847) 280-3200 Call to check price and availability
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