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117 W Slade Street

Palatine, IL 60067
  • $950,000
  • STATUS: Active Under Contract
  • ON SITE: 91 Days
  • MLS #: 11618529
Under Contract
$950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1943
County:
Area:

School Ratings & Info

Description

This building is 80% occupied with a mixture of retail, restaurant and service. There is ample street parking as well as municipal lots in front of the building. Seven spaces behind the building are rarely used because free public lot space is always available. Very good visibility to the downtown area and steps from the train station. The building has been very well kept and has a newer roof and recent tenant build outs. The location is ideal, situated a short walk from the Metro stop and in close proximity to the proposed new Bears stadium. The restaurant is a local staple and althoug under newer ownership has been around for many years. The ice cream shop, photography studio and violin shop are all long term established businesses that thrived even through pandemic challenges. The only open space is a former dance studio with 20 ft beamed ceilings with floor to ceiling windows, ceiling fans, central air and heat, a full kitchen, 3 bathrooms, a large changing room off the entryway, additional expansive office space, storage and a smaller warm up space in the back. Ideal for a dance studio, martial arts dojo, yoga studio, fitness, event/banquet space and more!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-30T23:58:42.09 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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117 W Slade Street Palatine, IL 60067

  • Price: $950,000
  • Status: Active Under Contract
  • On Site: 91 Days
  • MLS #: 11618529
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1943
Built
Neighborhood:
Palatine
County:
Cook
Area:
Palatine
Property Description
This building is 80% occupied with a mixture of retail, restaurant and service. There is ample street parking as well as municipal lots in front of the building. Seven spaces behind the building are rarely used because free public lot space is always available. Very good visibility to the downtown area and steps from the train station. The building has been very well kept and has a newer roof and recent tenant build outs. The location is ideal, situated a short walk from the Metro stop and in close proximity to the proposed new Bears stadium. The restaurant is a local staple and althoug under newer ownership has been around for many years. The ice cream shop, photography studio and violin shop are all long term established businesses that thrived even through pandemic challenges. The only open space is a former dance studio with 20 ft beamed ceilings with floor to ceiling windows, ceiling fans, central air and heat, a full kitchen, 3 bathrooms, a large changing room off the entryway, additional expansive office space, storage and a smaller warm up space in the back. Ideal for a dance studio, martial arts dojo, yoga studio, fitness, event/banquet space and more!
Exterior Features

Exterior Building Type Block Foundation Details Concrete Perimeter Outdoor Parking 6-12 SpacesPublic Lot Parking Total 7

Interior Features

Cooling Wall Sleeve Flooring Wood Heat Ventilation ElectricWall Unit Miscellaneous Inside Handicapped AccessInside Corridor/SMulti-TenantPublic Restroom/S Number Of TLDocks 0

Property Features

Additional Parcels YN No Building Area Total 10000 Contingency Attorney/Inspection Continue To Show Yes Electric Circuit Breakers Fire Protection Alarm MonitoredFire Extinguisher/SSmoke Or Fire Protectors Gross Income 171900 Gross Scheduled Income 150204 Leasable Area 5000 Location Central Business District Mls Actual Status Contingent Net Operating Income 95700 Number Of Tenants 5 Operating Expense 32210 Property Offered For Sale Only Tax Annual Amount 43990 Tax Year 2020 Tenant Pays Varies By Tenant Total Monthly Income 14325 Township Palatine Type Retail/Stores Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Thomas P. Jacobs Realty Group Inc.: 312-561-8954.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-30T23:58:42.09 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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