200 W Northwest Hwy - Drug Store FOR SALE


Palatine, IL 60067
$2,600,000 USD
847-877-9854
200 W Northwest Hwy, Palatine, IL for Sale
$2,600,000 USD
Drug Store - FOR SALE
1/10
null | Request Cap Rate

200 W Northwest Hwy
Palatine, IL 60067


HIGHLIGHTS

  • • 13,000 SF former CVS building on 1.36 acres
  • • Signalized hard corner at Northwest Highway (US 14) & Smith Road
  • • Flexible reuse potential for retail, medical, fitness, grocery, automotive, service, or specialty users
  • • Prime redevelopment opportunity for national or regional tenants
  • • Rare freestanding building availability in a tight corridor
  • • Minutes from downtown Palatine and the Metra station

OVERVIEW

200 W. Northwest Highway presents a rare redevelopment or reuse opportunity in the heart of Palatine. Positioned at the signalized intersection of Northwest Highway (US 14) and Smith Road, this former CVS sits on a generous 1.36 acre corner with excellent visibility, strong traffic counts, and multiple access points. The property includes an existing drive through lane, making it highly adaptable for a wide range of retail, medical, service, or food oriented users. Palatine is one of Chicago’s most established northwest suburbs, known for its stable residential base, strong incomes, and diverse commercial corridors. The site benefits from immediate proximity to dense rooftops, commuter traffic, and the broader Northwest Highway retail and service corridor. With limited availability of large, freestanding buildings in the area, this property offers exceptional flexibility for both owner users and developers seeking a high profile suburban corner. Whether reusing the existing 13,000 SF building or pursuing a ground up redevelopment, the site’s size, access, and visibility make it a standout opportunity in a supply constrained market.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$199 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Cvs/pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Service Station, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

N/Av

APN/PARCEL ID

02-15-200-037-0000

ASK ABOUT THIS PROPERTY

Jim TsevisEprus Group, Inc.More Info
847-877-9854

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jim TsevisEprus Group, Inc.More Info
847-877-9854

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.