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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Retail space
2401 Plum Grv Rd, Palatine, IL 60067-7486
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-1292988
Property summary
AI-generated overview
This exceptional two-story office building, located at 2401 S Plum Grove Road in Palatine, Illinois (zip code 60067), offers a total of 36,288 square feet of versatile space. The property is classified as Class B and underwent renovations in 2018. Multiple tenancy options are available, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 15,260 square feet. Currently, the entire 36,288 square feet is vacant, presenting a unique opportunity for a single tenant or multiple occupants. The building caters to various office needs, encompassing both executive and traditional office subtypes. Ample parking is provided, with a ratio of 4.5 spaces per 1,000 square feet of building area. This strategically located Palatine property offers easy access to major transportation routes and amenities, making it an ideal location for businesses of all sizes. The building's modern design and recent renovations ensure a comfortable and efficient work environment. Contact us today to explore the possibilities of establishing your business in this exceptional office space.
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1984
Lot
1.72 ac (74,923 SF)
APN
02-27-407-030
UPID
US28-1292988
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Stanley M. Sims, MD Physician
-
FedEx Drop Box Postal Service Courier Service
-
CareerPlace™ Employment Agency
-
American Portfolio Mortgage Corporation Loan Service Bank
-
Bryan Swenson Mortgage NMLS #133380 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
2401 Mpc Holding LLC · 1 yrs held
2401 Mpc Holding LLC
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palatine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palatine submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$143,225
Tax year 2022
Assessed value
$471,215
Assessed 2022
Previous assessed
$450,000
+4.7% YoY
Effective rate
30.39%
On assessed value
Assessed land
$243,789
Assessed improvement
$227,426
Land market value
$975,156
Improvement market value
$909,704
Total market value
$1,884,860
Applied tax rate
29,061.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1984
Heating
NONE
Lot
1.72 ac (74,923 SF)
APN
02-27-407-030
UPID
US28-1292988
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Lot
1.72 ac
Current owner
From public records · entity-resolved
2401 Mpc Holding LLC
Entity
Mailing address
800 ENW HWYHWY821, PALATINE, IL 60074-6519
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
$2,500,000
2401 Mpc Holding LLC
2401 Plum Grove Road Holdings LLC
Special Warranty Deed
$1,025,000 · Somorcor 504 LLC
Apr 15, 2025
—
2401 Mpc Holding LLC
—
Deed
related
$100,000 · Jpmorgan Chase Bank NA
Apr 5, 2019
$1,800,000
2401 Plum Grove Road Hldgs LLC
2401 Plum Grove Rd LLC
Warranty Deed
$1,440,000 · Cornerstone Nat'l Bk
Jan 13, 2012
—
2401 Plum Grove Rd LLC
Wright,w Andrew
Quit Claim Deed
related
—
Mar 5, 2008
—
W Andrew Wright
—
Deed Of Trust
related
$1,657,500 · Barrington Bank & Trust Co NA
Sep 6, 2006
$500
People Of St/il Dept/transportati
Wright,w Andrew
Warranty Deed
related
—
—
—
W A Wright
—
Deed Of Trust
related
$2,750,000 · Barrington Bank & Trust Co NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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