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855 W Northwest Hwy

5,160 SF Retail Building Palatine, IL 60067 $499,900 ($97/SF)

Investment Highlights

  • Newly remodeled commercial property with exceptional traffic exposure, perfect for boosting your business presence.
  • Ample storage space with high ceilings, an overhead door, and easy access to rear parking.
  • Highly visible commercial property on Northwest Highway, offering unmatched traffic visibility to elevate your business.
  • Spacious showroom, two offices, and freshly renovated bathrooms for ultimate convenience.
  • Brand-new TPO roof, two 6-ton Bryant HVAC units, and tuck-pointing ensure low maintenance and reliability.

Executive Summary

Prime Commercial Property on Northwest Highway Seize the opportunity to acquire a highly visible building with exceptional traffic exposure on bustling Northwest Highway. This newly remodeled property features a spacious showroom, freshly updated and includes two separate offices to suit various business needs. The rear of the property offers ample warehouse space with high ceilings and an overhead door, ideal for storage . The building also boasts freshly renovated bathrooms with convenient access from both the common hallway and the warehouse area. Recent upgrades include a brand-new TPO roof. Brand -new HVAC two 6 -ton Bryant units and tuck-pointing-all completed in 2024-ensuring minimal maintenance and long-term reliability. With front and rear parking available, this property is perfectly positioned to capitalize on high traffic counts and excellent visibility. Don't miss out on this outstanding opportunity to enhance your business presence in a prime location!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,160 SF
Building Class
B
Year Built/Renovated
1975/2024
Price
$499,900
Price Per SF
$97
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.49
Lot Size
0.24 AC
Zoning
B-1 - Neighborhood Shopping District
Parking
8 Spaces (1.55 Spaces per 1,000 SF Leased)
Frontage
69 FT on Northwest

Amenities

  • Pylon Sign

Nearby Major Retailers

Anytime Fitness
The YMCA
BMO
Chase Bank
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-16-205-001-0000
Land Assessment
$40,901
Improvements Assessment
$140,902
Total Assessment
$181,803
  • Listing ID: 33301105

  • Date on Market: 9/25/2024

  • Last Updated:

  • Address: 855 W Northwest Hwy, Palatine, IL 60067

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