Property profile

637-651 1St Bank Dr Palatine, IL 60067

OFF-MARKET
Office Spaces
8,034 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Total area 8,034 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

637-651 1St Bank Dr Palatine, IL 60067
Palatine metro
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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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