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$2,500,000
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Property Description
Welcome to Iconic Durty Nellies in downtown Palatine, across the street from the Palatine train station. Built in 2003, the 21,500 square feet building is comprised of a bar/restaurant with a full kitchen, a 7,000 square feet entertainment venue with a mezzanine leading to a rooftop deck, and an adjacent 2,500 square feet bank with one drive thru lane. Sitting on an acre of land, the site has been previously approved for redevelopment with a new 6 story mixed use building, complete with a rooftop amenity deck and 9,900 square feet of ground floor commercial space. The retail commercial space is divisible and includes approximately 1,250 square feet of covered patio area. The proposed development includes approximately 52 residential units located on floors 2-6, made up of 2 bedrooms/2 bath units and 2 bedrooms+den/2 bath units. The rooftop residential amenity deck includes an enclosed amenity area, terraces, and elevator access. The building is within the transit oriented development area parking requirements. With an existing 42 surface spaces. Palatine is a thriving commercial trade area - an ideal location for ambitious professionals and businesses alike. Contributing to an engaging and vibrant community atmosphere that's primed for continued growth and development.
Full Property Details
Full Property Details for 180 N Smith St
General
- Price: $2,500,000
- Taxes: $118,330 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12364736
- Updated: 6/10/2025
- Added to Site: 252 day(s) ago
Additional Information
- Security/Safety: Sprinklers
Location
- Area: Palatine
- County: Cook
- Township: Palatine
- Driving Directions: Smith Street North of Palatine
- Location Details: Central Business District, Mixed-Use Area, Public Transport Avail, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 2
- Square Feet: 21,500
- Current Bldg. Use: Commercial
- Year Built: 2003
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 43,560
- Lot Dimensions: 329 x 244.54 x 237.49 x 88.59
- Frontage: City Street, Paved
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Sprinklers
- Assessment Year: 2003
- Tax Amount: $118,330
- Tax Year: 2023
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 2154000550000
Listed by Compass and Century 21 S.G.R., Inc.
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Schools
Schools serving 180 N Smith St
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
Gray M Sanborn Elementary School 101 North Oak Street, Palatine, IL 60067 | K-5 | 0.6 mi |
Walter R Sundling Jr High School 1100 North Smith Street, Palatine, IL 60067 | 6-8 | 1.1 mi |
Palatine High School 1111 North Rohlwing Road, Palatine, IL 60074 | 9-12 | 1.9 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 180 N Smith St
Date
Details
Price
Change
Source
5/14/2025
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 180 N Smith St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$118,330
3%
$399,697
—
2022
$114,475
-47%
$399,697
-40%
2021
$214,674
2%
$661,000
—
2020
$211,469
17%
$661,000
5%
2019
$181,354
-4%
$632,362
4%
2018
$188,404
1%
$606,255
—
2017
$186,324
8%
$606,255
—
2016
$171,900
-8%
$606,255
-1%
2015
$187,560
1%
$610,446
—
2014
$185,280
3%
$610,446
—
2013
$180,545
17%
$610,446
6%
2012
$154,159
—
$574,999
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 180 N Smith St
180 N Smith Street, Palatine, IL 60067 (MLS# 12364736) is a Commercial property. 180 N Smith Street is currently listed for $2,500,000 and was received on May 14, 2025. Want to learn more about 180 N Smith 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.

