Log In/Sign Up
Your email has been sent.
Cvs/pharmacy 200 W Northwest Hwy 13,057 SF Vacant Retail Building Palatine, IL 60067 $3,574,896 CAD ($273.79 CAD/SF)
Investment Highlights
- • 13,000 SF former CVS building on 1.36 acres
- • Flexible reuse potential for retail, medical, fitness, grocery, automotive, service, or specialty users
- • Rare freestanding building availability in a tight corridor
- • Signalized hard corner at Northwest Highway (US 14) & Smith Road
- • Prime redevelopment opportunity for national or regional tenants
- • Minutes from downtown Palatine and the Metra station
Executive Summary
200 W. Northwest Highway presents a rare redevelopment or reuse opportunity in the heart of Palatine. Positioned at the signalized intersection of Northwest Highway (US 14) and Smith Road, this former CVS sits on a generous 1.36 acre corner with excellent visibility, strong traffic counts, and multiple access points. The property includes an existing drive through lane, making it highly adaptable for a wide range of retail, medical, service, or food oriented users.
Palatine is one of Chicago’s most established northwest suburbs, known for its stable residential base, strong incomes, and diverse commercial corridors. The site benefits from immediate proximity to dense rooftops, commuter traffic, and the broader Northwest Highway retail and service corridor. With limited availability of large, freestanding buildings in the area, this property offers exceptional flexibility for both owner users and developers seeking a high profile suburban corner.
Whether reusing the existing 13,000 SF building or pursuing a ground up redevelopment, the site’s size, access, and visibility make it a standout opportunity in a supply constrained market.
Palatine is one of Chicago’s most established northwest suburbs, known for its stable residential base, strong incomes, and diverse commercial corridors. The site benefits from immediate proximity to dense rooftops, commuter traffic, and the broader Northwest Highway retail and service corridor. With limited availability of large, freestanding buildings in the area, this property offers exceptional flexibility for both owner users and developers seeking a high profile suburban corner.
Whether reusing the existing 13,000 SF building or pursuing a ground up redevelopment, the site’s size, access, and visibility make it a standout opportunity in a supply constrained market.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$178,745
|
$13.69
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$178,745
|
$13.69
|
Financial Summary (Actual - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $178,745 |
| Annual Per SF | $13.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $178,745 |
| Annual Per SF | $13.69 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
13,057 SF
Building Class
B
Year Built
2004
Price
$3,574,896 CAD
Price Per SF
$273.79 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.43 AC
Zoning
N/Av
Parking
55 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 200 | 6,000-13,057 SF | Retail | - | Now |
200
| Size |
| 6,000-13,057 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
200
| Size | 6,000-13,057 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-15-200-037-0000 | Total Assessment | $589,825 CAD |
| Land Assessment | $264,235 CAD | Annual Taxes | $178,745 CAD ($13.69 CAD/SF) |
| Improvements Assessment | $325,589 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
02-15-200-037-0000
Land Assessment
$264,235 CAD
Improvements Assessment
$325,589 CAD
Total Assessment
$589,825 CAD
Annual Taxes
$178,745 CAD ($13.69 CAD/SF)
Tax Year
2025
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Cvs/pharmacy | 200 W Northwest Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.