Ignite FB Tracking Pixel552 E Northwest Highway, Palatine, IL 60074 - Sherry Apollo
Hometown Real Estate
Sherry Apollo, Hometown Real EstatePhone: (312) 816-4785
Email: [email protected]
listing
1 of 0
Commercial
$814,900
552 E Northwest Highway
Palatine, IL 60074
Courtesy of Hometown Real Estate
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID
7,000Sq Ft
Est. Mortgage
$4,306/mo

Incredible income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, a few minutes away from former Arlington Park Racecourse. Great Exposure on Northwest Hwy., Close Proximity to IL Rte 53, .Lots of parking- 6 in front and 8 or more in the back. 127' of Frontage along Northwest Hwy. Two completely remodeled apartments. 3 bedroom (apx. 1500 SF) and 2 bedroom (apx. 1200 SF) apartment, both with in-unit laundry, hardwood floors, new kitchens with quartz countertops, new baths, open, contemporary lay-out, and separate utilities..5000 SF of Retail space on first floor. 1stt floor has two separate offices, could be use for offices, warehouse, retail/stores, etc., separate utilities, kitchen with sub-zero refrigerator, restrooms, dock door in a back for deliveries, all newer and remodeled. 2.5 car garage. Building has 5 furnaces, 5 A/C units, 3 water meters, The building is in pristine condition. 3br apt 1 year lease at $2400 mo. 2 br apt owner occupied. One office space is leased to a dental lab at $ 2500 mo. The tenant is In a process of moving out. The other office space is occupied by owner. Office/ business spaces pay water electric and heat . Residential apartments pay electric and gas. Building owner pays water for apartments.

Get in touch

Based on information submitted to the MLS GRID as of 02/07/2025 03:10 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Some IDX listings may have been excluded from this website. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MTP or MRED, and that the use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
Community / School Information