756 Northwest Hwy Palatine, IL 60074
- Land
Current Use by Public Records
- Palatine Prestige Limo / Limousine Service / Transportation Service
Property Details for 756 Northwest Hwy
- Property type
- Land
Description
This exceptional commercial land parcel, encompassing approximately 24,383 square feet, presents a remarkable investment opportunity in Palatine, Illinois. Situated at the highly visible northwest corner of Northwest Highway and Rohlwing Road, this property benefits from exceptional visibility and accessibility. The location boasts high traffic counts, ensuring significant exposure for any future development. Its proximity to Route 53 provides convenient access to major transportation arteries, enhancing its appeal to a wide range of businesses. Furthermore, the property is conveniently located within a 5-minute drive of the Arlington Park Metra Station, which serves 1,672 passengers on a weekday basis, providing a substantial pool of potential customers. The strategic location less than two miles from the Arlington International Racecourse, a destination attracting 800,000 visitors annually, further enhances the property's value. This proximity is amplified by the ongoing $350 million Arlington Downs mixed-use development project, which will introduce 263 apartments, 40,000 square feet of new retail space, and a four-story, 116-room hotel to the area, creating a vibrant and expanding commercial landscape. This presents a unique chance to capitalize on the significant growth and development projected for this dynamic location. The address is 756 E. Northwest Highway, Palatine, IL 60074, in McHenry County.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palatine
- County
- McHenry
- State
- Illinois
- Longitude
- -88.0245
- Latitude
- 42.103
