552 E Northwest Highway, Palatine, IL 60074

  • $815,000
  • $850,000
552 E Northwest Highway, Palatine, IL 60074
For Sale
552 E Northwest Highway, Palatine, IL 60074
  • $815,000
  • $850,000

Overview

Property ID: 21021948
  • Commercial Sale
  • Property Type
  • 1956
  • Year Built

Description

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.

  • Address 552 E Northwest Highway
  • City Palatine
  • State/county IL
  • Zip/Postal Code 60074
  • Country United States

Details

Updated on August 29, 2024 at 6:52 pm
  • Property ID: 21021948
  • Price: $815,000
  • Year Built: 1956
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 7000
  • MLS#: MRD12061408
  • Office Name: HOMETOWN REAL ESTATE
  • Agent Name: Jolanta Kazimierski
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD15391
  • List Agent MLSID: MRD143229
  • List Date: 2024-05-20T23:02:51.000Z
  • Roof: Tar and Gravel
  • Cooling: Central Air
  • Tax Annual: 17232
  • Tax Year: 2022
  • Flooring: Tile,Wood
  • County: Cook
  • Property SubType: Mixed Use

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