Property profile

756 Northwest Hwy Palatine, IL 60074

OFF-MARKET
Land
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land

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
  • Limousine Service Transportation Service

Location

756 Northwest Hwy Palatine, IL 60074
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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