805 E Palatine Rd - Office FOR SALE


Palatine, IL 60074
$360,000 USD
630-956-3013
805 E Palatine Rd, Palatine, IL for Sale
$360,000 USD
Office - FOR SALE
1/33
null | Request Cap Rate

NEW


805 E Palatine Rd
Palatine, IL 60074


OVERVIEW

Outstanding opportunity to own a versatile and well-maintained commercial property set on a beautifully landscaped 1/2-acre lot surrounded by mature trees, offering exceptional privacy and a serene setting. Originally built as a single-family home, the property has been rezoned for office use, offering unique character and warmth not often found in commercial spaces. There may be potential to convert the property back to residential use; buyers are advised to verify zoning and permitted uses with the village. The main office building features a functional and flexible layout, including two oversized private offices, a central reception area, and a smaller room ideal for storage or a third private office. A full bathroom and convenient kitchenette-complete with refrigerator, cabinet storage, and space for a microwave and coffee station-add to the property's practicality. Additional highlights include a detached two-car garage and a dedicated parking lot with space for at least six vehicles, plus additional parking as needed. A separate standalone building on the property provides even more flexibility-perfect for a private conference room, additional office space, workshop, or storage. Major mechanical updates have already been completed, with both the furnace and hot water heater replaced within the last two years. Ideally located just over a mile from the proposed future home of the Chicago Bears stadium in Arlington Heights, this property offers strong potential for long-term value and growth. Ideal for a variety of business uses, this property combines functionality, privacy, and room to grow.

FOR SALE DETAILS

PRICE

$360,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1944

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

PUD

APN/PARCEL ID

02-24-100-016-0000

ASK ABOUT THIS PROPERTY

Morgan DanukLegacy Properties, A Sarah Leonard Company, LLCMore Info
630-956-3013

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Morgan DanukLegacy Properties, A Sarah Leonard Company, LLCMore Info
630-956-3013

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