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Property profile & analytics
OFF-MARKET
Commercial real estate

855 Northwest Hwy Palatine, IL 60067

5,175 SF Built 1975
Property ID
Property summary
AI-generated overview

This exceptional Palatine commercial property, located at 855 W Northwest Highway, offers 5,175 square feet of versatile space ideal for a variety of businesses. Currently, 2,250 square feet is available for lease, encompassing a storefront and office area. The property boasts a newly remodeled showroom and two separate offices, perfect for businesses requiring both retail and office functionality. The rear of the building features ample warehouse space with high ceilings and an overhead door, providing excellent storage capabilities. Both the common hallway and warehouse area benefit from freshly renovated bathrooms. Significant recent upgrades include a brand-new TPO roof installed in 2024, along with two new 6-ton Bryant HVAC units and completed tuck-pointing, ensuring minimal maintenance costs and long-term efficiency. The property also offers convenient front and rear parking, maximizing accessibility for both employees and customers. Its prime location on Northwest Highway guarantees high visibility and significant traffic exposure, making it an exceptional opportunity for businesses seeking a prominent Palatine presence. The tenant is responsible for all utilities, snow removal, and landscaping. The asking price is $16 million.

Property profile
Verified
Property type Commercial real estate
Year built 1975
Total area 5,175 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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