1540 Northwest Hwy Palatine, IL 60074
- Land
Current Use by Public Records
- Butler Corp / Air Conditioning System Supplier
- Easy Move Company / Moving Supply Store / Transportation Service
Property Details for 1540 Northwest Hwy
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 30,207 square foot industrial land parcel presents a unique development opportunity in Palatine, Illinois. Situated on a substantial 326-acre lot, this single-tenant property boasts a prime location directly across from the proposed new home of the Chicago Bears, offering unparalleled visibility and potential for significant future growth. The site is conveniently located near the intersection of State Highway and Northwest Highway, providing easy access to IL-53. Commuters will appreciate the proximity to the Arlington Park Metra station (Union Pacific Northwest line). This thriving area is home to a diverse range of established businesses, including McDonald's, Dunkin', Orbit Skate Center, and Soccer City Palatine, ensuring a strong and vibrant commercial environment. The property is available for ground lease or build-to-suit options, providing flexibility for various development plans. Cook County location and 60074 zip code offer further advantages. This is an exceptional opportunity to acquire a strategically located industrial land site with significant long-term potential. The substantial lot size and prime location make this property an ideal investment for developers seeking a high-impact project in a rapidly growing area. The property's proximity to major transportation routes and established businesses ensures strong accessibility and a robust commercial landscape.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palatine
- County
- Cook
- State
- Illinois
- Longitude
- -88.0066
- Latitude
- 42.095
