1530 East Dundee Rd, Palatine, IL 60074
For Lease
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This exceptional investment opportunity encompasses two three-story office buildings totaling approximately 39,485 to 39,906 square feet, situated on 1530 and 1540 E Dundee Rd in Palatine, Illinois, 60074. The property boasts a prime location within Cook County, benefiting from easy access to the full 4-way interchange at Route 53 and proximity to over 20 restaurants. The buildings feature updated lobbies and landscaping, along with on-site management and engineering. This multi-tenant property presents a compelling investment opportunity, further enhanced by its location within a new Tax Increment Financing (TIF) District slated for approval in August. The property's APN numbers are 02-01-401-019-0000, 02-01-401-023-0000, and 02-01-401-022-0000. The asking price is $4,700,000. The potential for assemblage and redevelopment adds significant long-term value. This is a rare chance to acquire a well-maintained, strategically located office complex with substantial upside potential.
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Vestis Group Industrial Manufacturer Production Facility
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Uniquesoft LLC (Bike/Boat/Book/etc) Store Corporate Office
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Capital Forensics, Inc. Financial Advisor
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Consolidated Mill Supply Inc Logistics Company
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J.S. Held Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.