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    OFF-MARKET
    Retail space

    600 1st Bank Dr, Palatine, IL 60067-8185

    1.39 ac lot Built 1979
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US28-1964564
    Property summary
    AI-generated overview

    This exceptional 17,304 square foot office and flex space property, situated on a 1.27-acre lot in Cook County (APN: 02-14-100-068-0000), presents a unique leasing opportunity. The building, constructed in 1960 and renovated in 2019, is a single, two-story Class B structure offering a blend of traditional office and flexible warehouse space. Currently, 7,075 square feet is available for lease. The space features a 10-foot ceiling height and boasts a convenient single-tenant occupancy. The property includes 54 total parking spaces, a significant advantage for employees and clients. Its B-1 zoning allows for a variety of commercial uses. Enjoy excellent access to Route 53 via Dundee Road, Palatine Road, or Northwest Highway. The location is highly desirable, with nearby amenities including restaurants, a Mariano's grocery store, and banks. Commuters will appreciate the proximity to public transportation, being just 1.8 miles from the Palatine Metra station (Union Pacific Northwest Line) and 2.6 miles from the Arlington Heights Metra station (Union Pacific Northwest Line). The flex space itself offers an 18-foot clear height and a convenient drive-in door, ideal for efficient loading and unloading.

    Property profile
    Verified
    Property type Retail space
    Use group STORE, RETAIL OUTLET
    Year built 1979
    Lot 1.39 ac (60,548 SF)
    APN 02-14-100-068
    UPID US28-1964564
    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
    • Grow Music Academy Vocational School Training Center
    • Moore Mac-Michael Inc Consultant
    • Palatines Rivers Heating & Cooling R.E.P.A.I.R. HVAC Service General Contractor
    • Grow Montessori Academy High School
    • Valley Financial Planners Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Mdit Schorvitz LLC Palatine Se · 7 yrs held
    Mdit Schorvitz LLC Palatine Se
    since 2018
    4 recorded transactions
    2018
    2004
    2003
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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