1400 Northwest Hwy Palatine, IL 60074
- Land
- 2.51 lot acres
Current Use by Public Records
- Motion Kids Interactive Fitness & Exergaming Products / Kindergarten / Professional Services
- Aspen Exterior Company / Siding Contractor / Window Installation Service
- Scott Cruse / Chiropractor
- Dr. Ryan Felde / Chiropractor
- Buehler YMCA / Gym
Property Details for 1400 Northwest Hwy
- Lot size
- 2.51 lot acres
- Property type
- Land
Description
This exceptional 2.51-acre commercial land parcel in Palatine, Illinois, presents a unique investment opportunity. Located at 1400 E Northwest Hwy, this property boasts a highly desirable B-2 General Business zoning designation, offering considerable flexibility for development. Its strategic location directly across from the Arlington Park Metra Train Station and the Arlington International Racecourse provides unparalleled accessibility and visibility. The site is also situated across from the proposed Arlington Downs Redevelopment Project, a significant development that promises to further enhance the area's value and appeal. The Chicago Bears' potential acquisition of the racecourse adds to the long-term growth potential. The property benefits from its proximity to the Route 53 interchange (a quarter-mile away), experiencing high traffic counts of 136,500 vehicles daily on Route 53 and 20,700 vehicles daily on Northwest Highway. Potential uses include self-storage facilities or senior housing, capitalizing on the area's growing demand. The property consists of two parcels, 02-24-400-010 and 02-24-405-007, and has an annual tax assessment of $80,050.42. The asking price is subject to offer. Contact us for further details and to explore this exciting development opportunity.
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
- -88.0107
- Latitude
- 42.0972
