Property profile

317 East Dundee Rd Palatine, IL 60067

FOR LEASE
Retail space
Property ID
US28-0816921
1.34 ac lot Built 2000
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,200 square foot retail storefront is available for lease at 317 Dundee Road in Palatine, Illinois, within Cook County. Located in a 13,188 square foot shopping center, this space offers excellent visibility and accessibility, situated near the intersection of Hicks and Dundee Roads. Previously used as a dance studio, this versatile unit presents a blank canvas for a variety of retail businesses, boutiques, offices, or even a restaurant. The property boasts convenient ingress and egress, ensuring easy access for customers and employees. Ample parking is provided with 50 spaces available for tenants and shoppers. The location within the shopping center provides a synergistic environment, benefiting from the foot traffic generated by neighboring businesses. This prime Palatine location offers a unique opportunity for businesses seeking high visibility and convenient access in a thriving commercial area. The zip code is 60067. The property is categorized as a multi-tenant retail storefront.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2000
Lot 1.34 ac (58,370 SF)
APN 02-11-102-018
UPID US28-0816921

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Medical Clinic
  • Physician
  • Physician

Location

317 East Dundee Rd Palatine, IL 60067
Palatine metro Census 803604 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2004
$2.3M
2001
Price N/A
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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