Incredible income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, two 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. One office space is leased to a dental lab. The other office space is leased for an accountant services. Office/ business spaces are responsible for water electric and heat bill. Residential apartments responsible for electric and gas bill. Additional rent info, profit and loss sheet you can find in additional info.
Property Details
Price:
$850,000
MLS #:
MRD12773893
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
palatine
Listed Date:
Oct 1, 2026
Total Sq Ft:
7,000
Year Built:
1956
See this Listing
Schools
Interior
Cooling
Central Air
Flooring
Tile, Wood
Exterior
Construction Materials
Brick
Roof
Tar/Gravel
Stories
2
Financial
Tax Year
2022
Taxes
$15,907
Map
Community
- Address552 E Northwest Highway Palatine IL
- CityPalatine
- CountyCook
- Zip Code60074
Market Summary
Current real estate data for Commercial in Palatine as of Oct 06, 2026
7
Commercial Listed
136
Avg DOM
$1,479,129
Avg List Price
Property Summary
- 552 E Northwest Highway Palatine IL is a Commercial for sale in Palatine, IL, 60074. It is listed for $850,000
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Copyright 2026. All rights reserved.
552 E Northwest Highway
Palatine, IL


