220 Hicks Pl Palatine, IL 60067
- Retail properties
- 6,800 SF
Current Use by Public Records
- Retail properties
Property Details for 220 Hicks Pl
- Year built
- 1950
- Property size
- 6,800 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional mixed-use property, located at 220 N Hicks Pl in Palatine, IL 60067, presents a unique investment opportunity. The 6,800 square foot building, constructed in 1950 and extensively renovated in 2020, sits on a 9,150 square foot lot. The property features a desirable creative office subtype, perfect for a variety of businesses. The two-story building comprises three units, offering flexibility for both owner-occupancy and rental income generation. The permitted mixed zoning allows for diverse uses, maximizing potential returns. The building's location in Cook County provides convenient access to major transportation routes and amenities. The substantial renovation ensures modern functionality and aesthetics, minimizing immediate capital expenditure needs. Several units are situated on the ground floor, while a spacious apartment occupies the upper level. This presents a compelling opportunity for a savvy investor seeking a blend of income-producing space and potential for future appreciation in a thriving Illinois market. The property's strong fundamentals and versatile layout make it an ideal addition to any portfolio.
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
- -88.0349
- Latitude
- 42.1145
