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$810,000
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Property Description
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 has been around for many years. The ice cream shop, photography studio are all long term established businesses that thrived even through pandemic challenges. The upper level has an open space and was 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!
Full Property Details
Full Property Details for 117 W Slade St
General
- Sold For: $810,000
- Taxes: $57,359 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12169902
- Added to Site: 483 day(s) ago
Interior
- Interior Features: Accessible Entrance, Inside Corridor(s), Multi-Tenant, Public Restroom(s)
- Flooring: Wood
Additional Information
- Security/Safety: Alarm Monitored, Fire Extinguisher(s), Smoke or Fire Protectors
Location
- Area: Palatine
- County: Cook
- Driving Directions: Palatine road to Brockway North to Slade West to 117 West. Green Awnings.
- Location Details: Central Business District
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Electric, Wall Unit
Structural Information
- Construction: Block
- Exterior Const.: Block
- Foundation: Concrete Perimeter
- Sub-Flooring: Wood
- Stories/Levels: 2
- Square Feet: 10,000
- Year Built: 1943
Unit Information
- # Tenants: 5
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 8,515
- Lot Dimensions: 65 x 131
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm Monitored, Fire Extinguisher/s, Smoke or Fire Protectors
- Assessment Year: 1943
- Tax Amount: $57,359.6
- Tax Year: 2023
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 2154290030000
Listed by Kevin McCaskey, Broker
Sold by Advantage Realty Group
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Schools
Schools serving 117 W Slade St
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
Stuart R Paddock School 225 West Washington Street, Palatine, IL 60067 | K-5 | 0.3 mi |
Plum Grove Jr High School 2600 Plum Grove Road, Rolling Meadows, IL 60008 | 6-8 | 1.9 mi |
Wm Fremd High School 1000 South Quentin Road, Palatine, IL 60067 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 117 W Slade St
Date
Details
Price
Change
Source
11/05/2025
Sold
$810,000
-1.21%
MLS
1/06/2025
Price Reduced
$819,900
-0.5%
MLS
10/06/2024
Price Reduced
$824,000
-2.94%
MLS
9/21/2024
Listed
$849,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
117 W Slade Street, Palatine, IL 60067 (MLS# 12169902) is a Commercial property that was sold at $810,000 on November 05, 2025. Want to learn more about 117 W Slade Street? Do you have questions about finding other Commercial real estate for sale in Palatine? You can browse all Palatine real estate or contact a Coldwell Banker agent to request more information.

