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32-60 West Palatine Road, Palatine, IL 60067

$1,999,990

  • For Sale
  • Active
  • Commercial
  • 22,000 Sq. Ft.
  • Updated 6 days ago
32-60 West Palatine Road, Palatine, IL 60067View this property at 32-60 West Palatine Road, Palatine, IL 60067
32-60 West Palatine RoadPalatineIL60067
Property Description
Village Square Strip Center Is Located in The Heart Of Downtown Palatine. This Property Is Almost Fully Leased At A 7.0% Cap Rate. Excellent Cash Flow. Possible Redevelopment. Surrounded By Restaurants, Bars, Newer Condo Developmet, Metra Station.

Full Property Details for 32-60 W Palatine Rd

General

  • Price: $1,999,990
  • Taxes: $93,643 (2014)
  • Status: Active
  • Type: Commercial
  • MLS ID: 09006743
  • Updated: 8/8/2018
  • Added: 1, 101 day(s) ago

Additional Information

  • Security/Safety: None

Parking

  • Parking Features: 19 to 30 Spaces

Location

  • Area: Palatine
  • County: Cook
  • Township: PALATINE
  • Driving Directions: PALATINE RD. WEST OF PLUM GROVE, BETWEEN BOTHWELL & BROCKWAY. HEART OF DOWNTOWN PALATINE
  • Location Details: Central Business District, Mixed-Use Area, Public Transport Avail, Northwest Suburban

Heating & Cooling

  • Cooling Type: Central Air Conditioning, Exhaust Fan(s), Zoned, Ceiling Fans
  • Heating Type: Central Building Heat, Central Heat/Individual Controls, Gas

Structural Information

  • Construction: Brick, Steel
  • Exterior Const.: Brick
  • Foundation: Concrete
  • Roof: Rubber, Truss, Wood Joists
  • Stories/Levels: 1
  • Square Feet: 22,000
  • Current Bldg. Use: Commercial
  • Year Built: 1975

Unit Information

  • # Tenants: 13

Retail

  • Lease Min - Max: 21,819 - 21,819 Sq. Ft.

Lot Features

  • Lot Size (Sq. Ft.): 43,253
  • Lot Dimensions: 269 x 184
  • Lot Access: City Street, Public Road, Signal Intersection
  • Drainage: Floor Drains, Storm Sewers
  • Zoning: COMMR

Financial Considerations

  • Tax Amount: $93,643
  • Tax Year: 2014
  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electric, Heat, Insurance, Repairs and Maintenance, Scavenger, Varies by Tenant

Disclosures and Reports

  • Ownership: General Partnership
  • APN: 2154300220000

Listed by RE/MAX Destiny

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Schools

Schools serving 32-60 W Palatine Rd

School Districts:Palatine Community Consolidated School District 15, Township High School District 211
Score
Name
Grades
Distance
8
4335 Haman Ave, Hoffman Estates, IL 60195
PK-6
0.6 mi
9
2600 Plum Grove Rd, Rolling Meadows, IL 60008
7-8
3.5 mi
10
1000 S Quentin Rd, Palatine, IL 60067
9-12
2.1 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 32-60 W Palatine Rd Get Price Alerts

Date
Details
Price
Change
Source
8/02/2018
Price Reduced
$1,999,990
-4.76%
MLS
7/06/2018
Price Reduced
$2,099,900
-4.55%
MLS
12/28/2016
Price Reduced
$2,199,900
-4.35%
MLS
10/20/2015
Price Reduced
$2,300,000
-8%
MLS
8/09/2015
Listed
$2,500,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Community Info

Community Info for 32-60 W Palatine Rd

Listed by RE/MAX Destiny

32-60 West Palatine Road, Palatine, IL 60067 (MLS# 09006743) is a Commercial property. 32-60 West Palatine Road is currently listed for $1,999,990 and was received on August 09, 2015. Want to learn more about 32-60 West Palatine Road? 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.