473 W Northwest Hwy - Office FOR SALE


Palatine, IL 60067- Downtown Palatine
$1,500,000 USD
773-396-4833
473 W Northwest Hwy, Palatine, IL for Sale
$1,500,000 USD
Office - FOR SALE
1/22
null | Request Cap Rate

473 W Northwest Hwy
Palatine, IL 60067
Downtown Palatine


HIGHLIGHTS

  • Open plan with exposed brick walls
  • Heavy daytime foot traffic
  • Lots of natural light

OVERVIEW

Don’t miss this outstanding income-producing opportunity! This two-story retail and office building offers approximately 10,800 square feet on a 0.56-acre lot within a B2 zoning district, delivering excellent visibility with traffic counts exceeding 20,000 vehicles per day. The property features strong street presence and a well-balanced mix of retail and office space. Each retail unit is equipped with a private restroom, and tenants pay their own utilities, contributing to efficient operations. The first floor includes four retail units, while the second floor offers seven office suites. The building is nearly fully leased, with only two spaces remaining—ideal for owner occupancy or additional income potential. Fully sprinklered and recently updated, this property represents a true turnkey, low-maintenance investment in a highly desirable commercial corridor. The available office spaces can be customized with flexible build-to-suit options to suit a variety of uses. Surrounded by a dense residential population and benefiting from strong exposure, this asset presents a prime investment opportunity with significant upside potential.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Whitehall Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

B2, Palatine

APN/PARCEL ID

02-15-102-095-0000

ASK ABOUT THIS PROPERTY

Adrianne HanMega USA Properties, Inc.More Info
773-396-4833

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

Adrianne HanMega USA Properties, Inc.More Info
773-396-4833

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