Value-Add Mixed-Use Building on Northwest Hwy.
No Longer Available
100-106 S. Northwest Hwy.
Palatine, IL 60074
7,860 SF
Mixed-Use
The Details
- 7,860 SF mixed-use building
- Divided into seven units:
- Three storefronts ranging from 600 SF to 2,700 SF
- One 2-bedroom and three 1-bed apartments
- Potential to add value thru leasing
- Strong income & upside potential
- Pro Forma 2019 NOI: $59,953
- Potential to rehab or redevelop
- Highly visible signage
- 20 dedicated parking spaces
- Land Area: 9,975 SF
- Zoning: B-2, general business
Highly visible, this seven unit mixed-use building is located near the corner of Palatine Rd. and Northwest Hwy. The property features three storefronts, a 2-bedroom and three 1-bedroom apartments plus a dedicated parking lot. Two of the storefront units, with 2,700 and 1,350 square feet, are available for lease. All of the apartments are leased to long-term tenants. This building has great potential for a user or investor looking to add value.
Part of the northwest suburbs, Palatine is the seventh largest city in Cook County. Northwest Hwy. is a strong commercial corridor, attracting local and national businesses, with a number of mixed-use, retail and office properties.
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