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$980,000
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Property Description
Cap rate 7.76!! Discover an exceptional value-added opportunity with this strategically located strip mall, perfect for savvy investors. This property boasts great visibility and is situated in a high-income neighborhood, with an impressive average household income of 163K within a 1-mile radius. The area is bustling with a large population of 255,350 residents within a 5-mile radius, ensuring a steady stream of potential customers. * Leasable Area (GLA): 7,241 sf * Total number of parking: 40 * Lot size: 0.614 acre * High Traffic: Approximately 20,000 cars pass by daily, offering maximum exposure for your tenants. * Low Maintenance: Tenants are responsible for all utilities. * Modern Upgrades: Recently sealed parking lot, new LED lights in the common area, and a refreshed facade enhance the property's appeal. * Versatile Space: The current vacant space was previously a dental office, featuring medical/dental office-ready plumbing and layout, perfect for similar businesses. * 0.6 miles from the Highway 53 interchange - 157,000 VPD Seize this fantastic opportunity to invest in a property with immense potential in a thriving area. Contact us today to learn more and schedule a viewing!
Full Property Details
Full Property Details for 4880 W Euclid Ave
General
- Sold For: $980,000
- Taxes: $48,068 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12338601
- Added to Site: 276 day(s) ago
Business
- Business Type: Retail
Additional Information
- Security/Safety: Other
Location
- Area: Palatine
- County: Cook
- Driving Directions: From Plum Grove Rd, Turn west on Euclid.
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Central Heat/Individual Controls
Structural Information
- Construction: Brick, Concrete
- Exterior Const.: Brick, Concrete
- Foundation: Concrete Perimeter
- Stories/Levels: 1
- Square Feet: 7,241
- Current Bldg. Use: Medical/Dental
- Year Built: 1988
Unit Information
- # Tenants: 5
Lot Features
- Lot Size (Sq. Ft.): 26,541
- Lot Dimensions: 296 x 89
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Other
- Assessment Year: 1988
- Tax Amount: $48,068
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Scavenger, Sewer, Varies by Tenant
Disclosures and Reports
- Property ID: 2272070060000
Listed by Platinum Partners Realtors
Sold by USA Realty Group Inc
Get Pre-Approved Today
Schools
Schools serving 4880 W Euclid Ave
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
Pleasant Hill Elementary School, Palatine, IL 434 West Illinois Avenue, Palatine, IL 60067 | K-5 | 0.7 mi |
Plum Grove Jr High School 2600 Plum Grove Road, Rolling Meadows, IL 60008 | 6-8 | 0.4 mi |
Wm Fremd High School 1000 South Quentin Road, Palatine, IL 60067 | 9-12 | 1.1 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 4880 W Euclid Ave
Date
Details
Price
Change
Source
8/18/2025
Sold
$980,000
-10.91%
MLS
4/15/2025
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4880 W Euclid Avenue, Palatine, IL 60067 (MLS# 12338601) is a Commercial property that was sold at $980,000 on August 18, 2025. Want to learn more about 4880 W Euclid Avenue? 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.

