600 1st Bank Dr, Palatine, IL 60067-8185
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.
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Valley Financial Planners Financial Advisor
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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