855 Northwest Hwy Palatine, IL 60067
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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