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    32-60 W Palatine Road

    Palatine, IL 60067
    • $1,850,000
    • STATUS: Active
    • ON SITE: 257 days
    • MLS #: 10798876
    UPDATED: 42 min ago
    $1,850,000
    • 0
      BEDS
    • 0.99
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,000
      SQFT
    • $84
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:
    Area:

    School Ratings & Info

    Description

    Village Square offers the savvy investor a unique opportunity to obtain a National Tenant anchored investment property on almost 1 acre of land in the heart of downtown Palatine. Surrounded by locals shops, restaurants, bars, condo developments, entertainment, and the Metra station. Could also be a potential re-development opportunity. Great cash flow. Contact Vickie for financials.

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    © 2021 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 2021-04-13T11:00:58.76 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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    32-60 W Palatine Road Palatine, IL 60067

    • Price: $1,850,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: 10798876
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.99
    Acres
    22,000
    SQFT
    $84
    $/SQFT
    1975
    Built
    Neighborhood:
    Palatine
    County:
    Cook
    Area:
    Palatine
    Property Description
    Village Square offers the savvy investor a unique opportunity to obtain a National Tenant anchored investment property on almost 1 acre of land in the heart of downtown Palatine. Surrounded by locals shops, restaurants, bars, condo developments, entertainment, and the Metra station. Could also be a potential re-development opportunity. Great cash flow. Contact Vickie for financials.
    Exterior Features

    Construction Materials BrickSteel Siding Foundation Details Concrete Perimeter Frontage Type City StreetPublic RoadSignal Intersection Location Central Business DistrictMixed Use AreaPublic Transport Avail Number Of Drive In Doors 0 Number Of TLDocks 0 Outdoor Parking 19-30 Spaces Roof Rubber Roof Structure TrussWood Joists

    Interior Features

    Cooling Central AirExhaust FanZonedCeiling Fans Electric Circuit BreakersFusesSeparate Meters101-200 Amps3 Phase Fire Protection None Heat Ventilation Central Bldg HeatCentral Heat/Indiv ControlsGas Leasable Area 21819 Miscellaneous Inside Multi-TenantPrivate Restroom/S

    Property Features

    Additional Parcels YN Yes Cap Rate 7.8 Current Use Commercial Electric Expense 5964 Existing Lease Type N/A Expense Year 2019 Exterior Building Type Brick Extra Storage Spaces Available YN Yes Financial Amounts For Total Building Rental Yes Fuel Expense 2482 Gross Income 292743 Insurance Expense 13579 Investment YN Yes Lot Size Dimensions 269 X 184 Min Avail Sq Ft Rentable 21819 Net Operating Income Year 2019 Number Of Tenants 13 Operating Expense 140083 Property Offered For Sale Only Tax Annual Amount 104312 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatInsuranceRepairsScavengerVaries By Tenant Total Monthly Income 24395 Water Drainage Floor DrainsStorm Sewers Water Sewer Expense 3819 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Destiny.


    © 2021 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 2021-04-13T11:00:58.76 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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