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Financial
Distress signals
Property profile

865 E Wilmette Rd Palatine, IL 60074

FOR LEASE
Retail space
Property ID
US28-0238707
4.59 ac lot Built 1979
Last sale Nov 2023 · $5,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Twin Lakes Office Complex comprises three single-story, multi-unit office buildings totaling 15,500 square feet each, situated on 4.6 acres of developed land. The buildings provide multiple exterior entrances and exits and include building systems and envelope and interior updates, including newer HVAC units, replaced roofs, and remodeled interior spaces. The complex includes a 4,000-square-foot corner window-line unit that is configured for office use. The property is zoned B-1 Shopping Center…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$211k
Tax billed · 2022
Assessed value$718k
Assessed land$657k
Assessed improvement$61k
Effective rate29.38%

Value estimate

· Oct 2026
$4.71M
$4.23M – $5.18M
AI approach$4.60M
NOI build-up
Gross scheduled income$99k
Vacancy & credit loss−$25k
Operating expenses−$19k
NOI · 338,024.24% cap applied$56k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$149/SF
County average, outlier-cleaned · 2350 recorded sales of this use type
Observed band · Q1–Q3$70 – $271

Cap rate analysis

How does the asset earn?
338,024.24%
$56k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant30.3
Hair Salon19.8
Clothing Store17.6

Location

865 E Wilmette Rd Palatine, IL 60074
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1589 Rand, Palatine, IL 60074-2919 $1,825,000 Feb 2026 No data
646 48th Enw, Palatine, IL 60074 $475,000 Jan 2026 No data
2001 Rand Rd, Palatine, IL 60074-2573 $1,100,000 Jan 2026 No data
132 Snw, Palatine, IL 60074-6233 $375,000 Dec 2025 No data
1597 Rand, Palatine, IL 60074-2919 $625,000 Dec 2025 No data
1800 Rand Rd, Palatine, IL 60074-1130 $726,000 Dec 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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