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    32-60 Palatine Road

    Palatine, IL 60067
    • $1,850,000
    • STATUS: Active
    • ON SITE: 60 days
    • MLS #: 10798876
    UPDATED: 46 min ago
    $1,850,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,000
      SQFT
    • $84
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:
    Area:

    School Ratings & Info

    Description

    Village Square offers the savvy investor a unique opportunity to obtain a National Tenant anchored investment property on almost 1 acre of land in the heart of downtown Palatine. Surrounded by locals shops, restaurants, bars, condo developments, entertainment, and the Metra station. Could also be a potential re-development opportunity. Great cash flow. Contact Vickie for financials.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2020-09-28T15:52:00.517 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    32-60 Palatine Road Palatine, IL 60067

    • Price: $1,850,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 10798876
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    22,000
    SQFT
    $84
    $/SQFT
    1975
    Built
    Neighborhood:
    Palatine
    County:
    Cook
    Area:
    Palatine
    Property Description
    Village Square offers the savvy investor a unique opportunity to obtain a National Tenant anchored investment property on almost 1 acre of land in the heart of downtown Palatine. Surrounded by locals shops, restaurants, bars, condo developments, entertainment, and the Metra station. Could also be a potential re-development opportunity. Great cash flow. Contact Vickie for financials.
    Exterior Features

    Construction BrickSteel Foundation Concrete Frontage Access City StreetPublic RoadSignal Intersection Location Central Business DistrictMixed Use AreaPublic Transport Avail Lot Dimensions 269 X 184 Lot Sq Ft 43253 Number Of TLDocks 0 Roof Coverings Rubber Roof Structure TrussWood Joists

    Interior Features

    Air Conditioning Central AirExhaust Fan/SZonedCeiling Fans Fire Protection None Miscellaneous Inside Multi-TenantPrivate Restroom/S Number Of Drive In Doors 0 Number Of Stories 1 Outdoor Parking 19-30 Spaces

    Property Features

    Current Use Commercial Electric Expense Source Actual Electrical Service Circuit BreakersFusesSeparate Meters101-200 Amps3 Phase Electricity Expense 5964 Expense Year 2019 Exterior Building Type Brick Extra Storage Spaces Available YN Yes Financial Amounts For Total Building Rental Onl Yes Fuel Expense 2482 Fuel Expense Source Actual Gross Rental Income Amount 300949 Heat Ventilation Central Bldg HeatCentral Heat/Indiv ControlsGas Insurance Expense 13579 Insurance Expense Source Actual Investment YN Yes Lease Type N/A Max Avail Sq Ft Rentable 21819 Min Avail Sq Ft Rentable 21819 Net Oper Income Amount 160866 Net Operating Income Year 2019 Number Of Tenants 13 Possession Closing Property Offered For Sale Only Tax Year 2019 Taxes 104312 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatInsuranceRepairs And MaintenanceScavengerVaries By Tenant Total Annual Exp 140083 Total Annual Expense Source Actual Total Monthly Income 25079 Township Palatine Water Drainage Floor DrainsStorm Sewers Water Expense 3819 Water Expense Source Actual Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Destiny.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2020-09-28T15:52:00.517 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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