410 Palatine Rd, Palatine, IL 60074-5119
This exceptional Palatine property presents a unique mixed-use investment opportunity. Located at the highly visible northeast corner of Palatine Road and Northwest Highway, this free-standing building offers approximately 2,040 square feet of versatile space. The property features a 1,000 square foot storefront, ideal for retail, office, or showroom use, combined with a remodeled 950 square foot, two-bedroom ranch-style residential unit in the rear. The residential unit boasts a private entrance, a cherrywood kitchen with granite countertops and stainless steel appliances, hardwood floors, and a full finished attic with pull-down stairs, providing additional storage. The property benefits from significant recent upgrades, including a new roof (2023), newer windows, updated zoned systems, and a new asphalt parking lot (2022), accommodating 12 vehicles. Energy-efficient ComEd interior and exterior lighting further enhances operational efficiency. The residential component contributes to exceptionally low property taxes. The entire building is zoned B-1, allowing for potential expansion of business operations into the residential space, subject to village code requirements and restrictions. 24-hour notice is required for showings to avoid disturbing occupants.
-
Minoos Beauty Salon - An Aveda Salon Hair Salon Nail Salon
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.