Property profile

616 North Ct Palatine, IL 60067

OFF-MARKET
Office Spaces
17,310 SF Built 1979
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Property summary

AI-generated overview

This two-story, 17,310 square foot office building in Palatine, IL offers multiple suites for lease, ranging from 811 to 2,292 contiguous square feet. Built in 1979 and renovated in 2013, the property features 50 parking spaces and an elevator. Available space totals 5,261 square feet. Amenities include 24/7 access, on-site property management, prominent signage, energy-efficient improvements, and tenant-controlled temperature. High-speed internet options (DSL, cable, Comcast, and fiber optic) are available. Suites are customizable for medical or general office use. The building enjoys a highly desirable location near major retailers like Target, Home Depot, and Best Buy, within a thriving community boasting an average household income of $127,415 within a five-mile radius. Its proximity to O'Hare International Airport (25 minutes) and Chicago (under an hour) provides exceptional accessibility. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space in a prosperous Northwest Chicago suburb. The property is located at 616 N North Ct, Palatine, IL 60067.

Property profile

Verified
Property type Office Spaces
Year built 1979
Total area 17,310 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Production Facility
  • Law Firm
  • Financial Advisor
  • Law Firm
  • Language School Training Center

Location

616 North Ct Palatine, IL 60067
Palatine metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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