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    233 Northwest Hwy Palatine, IL 60067
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    Property profile & analytics

    233 Northwest Hwy, Palatine, IL 60067

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    • Neighborhood centers
    • 137,187 SF
    Off-Market

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 233 Northwest Hwy

    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    Palatine Plaza Shopping Center, located at 233 E Northwest Hwy, Palatine, IL 60067, offers a unique blend of retail and office space in a thriving Cook County location. This multi-building complex totals 137,187 square feet and comprises 29 suites across three buildings. The property underwent renovations in 1998 and benefits from excellent visibility due to its placement on Northwest Highway, near the cross street of Hicks Road. Currently, four spaces are available, ranging from 1,475 to 1,850 square feet, ideal for a variety of businesses. The center boasts a strong tenant mix, including established national and local brands such as Ace Hardware, Dollar Tree, Planet Fitness, Pete N' Macs Pet Resort, Citibank, Sherwin Williams, Dairy Queen, Browns Chicken, and Fannie May Candies. Its strategic location across from a Mariano's Grocery Store (Kroger) ensures high foot traffic and visibility. This property presents a compelling investment opportunity in a bustling neighborhood center with big-box appeal, offering a diverse range of retail and office spaces to suit various business needs. The property type is classified as Retail and Office, with a subtype of Traditional Office, Big Box, and Neighborhood Center. The tenancy is multi-tenant.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0375
    Latitude
    42.1185
    More about this property
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