SQUARE FEET10,800
MLS#12615492
STATUSNew
PROPERTY TYPECommercial - Retail
Property Description
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.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.57 Acres
Stories: 2.0
Taxes: $47,762
Year Built: 1981
Feature Descriptions
Current Use: Commercial
Electric: Circuit Breakers
Exterior: Brick, Other
Fire Protection: Alarm Monitored, Alarm On Site, Fire Extinguisher/s
Foundation: Concrete Perimeter
Frontage Type: Public Road, Signal Intersection
HVAC: Gas
Lot Dimensions: 169X109X197X175
Number of Tenant(s): 9
Parcel#: 02151020950000
Tenant Pays: Other
Units: 11
Utilities: Electric to Site, Natural Gas Available
Listed By / Shown By
Listed By
Agency Name: Mega USA Properties, Inc.
Agency Phone: 847-947-2478
Shown By
Agent Name: Melody Williams
Agent Phone: (815) 505-9284
Agency Title: Gambino Realtors
Melody Williams
Office: (815) 282-2222 ext. 1726
Cell: (815) 505-9284
Fax: (815) 282-2268
Direct: (815) 316-4050
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473 W Northwest Highway | MLS# 12615492
This commercial property located at 473 W Northwest Highway , Palatine, IL 60067 is currently listed for sale with an asking price of $1,500,000. Search Palatine real estate on melody.gogambino.com today.