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    145 Smith St Palatine, IL 60067

    Sponsored
    For Sale
    $210,000

    High-traffic retail center; 40,000 sq ft available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 40,000 square foot retail property, located in Los Angeles County, presents a unique opportunity for multiple tenants. The entire space is currently vacant, offering a blank canvas for a diverse range of businesses. Situated at a full 4-way interchange at Grand Avenue and the 210 Freeway, this location boasts unparalleled visibility and accessibility. The property benefits from a highly desirable "going-home" side of the street location, ensuring consistent customer traffic. The surrounding area is anchored by a strong mix of established retailers, including Sprouts Farmers Market, Carl's Jr., LA Fitness, Orangetheory Fitness, Marshalls, US Bank, El Pollo Loco, America's Tire, a 76 Station, and an ARCO station, creating a vibrant and thriving commercial environment. This prime location offers significant potential for businesses seeking high visibility and convenient access for customers. The property is classified as a commercial retail space with multiple tenancy options. The total building square footage is 40,000 square feet, all of which is currently available for lease. This presents a rare opportunity to establish a significant presence in a high-demand retail area.

    Property Features for 145 Smith St

    General Information

    Property type
    Land
    Lot Size
    6,970 SF

    HighLights

    • $210,000 asking price for 0.16‑acre land parcel.
    • Located at 145 W Northwest Hwy or 565 & 567 Smith Street, Palatine, IL 60067.
    • B‑2 zoning, adjacent to a strip mall.
    • Two wooded lots, each 60 x 130 feet, can be sold separately or together.
    • Potential for residential development (R‑2 zoning, buyer to verify).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0475602
    Latitude
    42.1217471

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    FAQs

    What type of property is this?
    Land - High-traffic retail center; 40,000 sq ft available.
    Where is this land located?
    The property is located at 145 Smith St 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: $210,000 asking price for 0.16-acre land parcel.; Located at 145 W Northwest Hwy or 565 & 567 Smith Street, Palatine, IL 60067.; B-2 zoning, adjacent to a strip mall.
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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
    145 Smith St Palatine, IL 60067
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