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 Details
Price:
$1,500,000
MLS #:
MRD12615492
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Retail
Neighborhood:
palatine
Listed Date:
Apr 10, 2026
Total Sq Ft:
10,800
Year Built:
1981
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick, Other
Stories
2
Financial
HOA Fee Frequency
Monthly
Tax Year
2023
Taxes
$47,762
Map
Community
- Address473 W Northwest Highway Palatine IL
- CityPalatine
- CountyCook
- Zip Code60067
Market Summary
Current real estate data for Commercial in Palatine as of Jun 15, 2026
5
Commercial Listed
163
Avg DOM
$1,042,800
Avg List Price
Property Summary
- 473 W Northwest Highway Palatine IL is a Commercial for sale in Palatine, IL, 60067. It is listed for $1,500,000
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Copyright 2026. All rights reserved.
473 W Northwest Highway
Palatine, IL


