637-651 1St Bank Dr, Palatine, IL 60067
This exceptional office property, located at 637-651 N 1st Bank Dr in Palatine, IL, offers 8,034 square feet of traditional office space in a thriving Northwest Chicago suburb. Currently, 2,242 square feet are available, divisible into suites ranging from 935 to 1,307 square feet, perfect for various businesses. The building boasts 49 parking spaces and provides tenants with 24/7 access, energy-efficient improvements, and individually controlled climate systems. High-speed internet options, including DSL, cable, Comcast, and fiber optic service, are readily available. Suites are easily customizable to suit medical or general office needs. The property benefits from a highly desirable location near major retailers such as Target, Home Depot, and Best Buy, within a 10-minute drive. The surrounding community boasts an average annual household income of $127,415 within a five-mile radius, significantly exceeding the county average. This prime location offers easy access to Chicago (within an hour's drive) and O'Hare International Airport (25 minutes). On-site property management and prominent signage further enhance the appeal of this exceptional opportunity. The property is situated in Cook County, Illinois, and has a zip code of 60067.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.