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$24 Just Listed
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Property Description
Retail or office opportunity located along Palatine Road within a well-established strip center in the heart of downtown Palatine. This approximately 1,050 square foot suite is surrounded by long-term tenants, including a popular cafe, restaurants, and service-based businesses that contribute to steady foot traffic and a stable retail environment. The space features 10 to 12 foot ceilings, 200-amp electrical service, and a flexible layout suitable for a variety of retail, service, or office users. The property is positioned one block from Palatine Town Square and within walking distance to downtown Palatine and the Metra station, offering accessibility for both local clientele and daily commuters. Located along Palatine Road with approximately 20,000 to 25,000 vehicles per day, the property provides strong exposure along a key commuter route. Zoning is B-3 Central Business District, supporting a wide range of retail and service uses in a high-demand downtown location. The property includes approximately 28 on-site parking spaces, including 2 designated handicap spaces, providing convenient access for both employees and customers. The unit is currently leased through September 2026, making it suitable for future occupancy or investment. Contact listing agent for additional information.
Full Property Details
Full Property Details for 56 W Palatine Rd
General
- Price: $24
- Taxes: (2024)
- Status: Active
- Type: Commercial Lease
- Source: MRED
- MLS ID: 12605371
- Updated: 3/30/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Retail
Interior
- Interior Features: Private Restroom(s), Storage Inside
- Flooring: Vinyl
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s), Hydrants on Site
Location
- Area: Palatine
- County: Cook
- Township: Palatine
- Driving Directions: Corner of W Palatine Rd and N Brockway St.
- Location Details: Central Business District, Corner, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Ceiling Height: 10
- Sub-Flooring: Vinyl
- Stories/Levels: 1
- Current Bldg. Use: Commercial
- Year Built: 1957
Lot Features
- Frontage: City Street, Public Road
- Zoning: RTAIL
Financial Considerations
- Lease Price: $24
- For Sale/Rent/Lease: For Rent Only
- Security Deposit: Alarm On Site, Fire Extinguisher/s, Hydrants On Site
- Assessment Year: 1957
- Tax Year: 2024
- Tenant Pays: Electricity, Heat, Other
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 56 W Palatine Rd
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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 56 W Palatine Rd
Date
Details
Price
Change
Source
3/29/2026
Listed
$24
—
MLS
Disclaimer: Historical sales 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 56 W Palatine Rd
56 W Palatine Road, Palatine, IL 60067 (MLS# 12605371) is a Commercial Lease property. 56 W Palatine Road is currently listed for $24 and was received on March 29, 2026. This property is listed by Kaye Sotto Rice from our The Groves Office.Want to learn more about 56 W Palatine Road? Do you have questions about finding other Commercial Lease real estate for sale in Palatine? You can browse all Palatine real estate or contact a Coldwell Banker agent to request more information.



