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200 W Northwest Hwy
Palatine, IL 60067
Cvs/pharmacy · Retail Property For Lease
·
13,057 SF
Highlights
- • 13,000 SF former CVS building on 1.36 acres
- • Flexible reuse potential for retail, medical, fitness, grocery, automotive, service, or specialty users
- • Minutes from downtown Palatine and the Metra station
- • Signalized hard corner at Northwest Highway (US 14) & Smith Road
- • Prime redevelopment opportunity for national or regional tenants
- • Available for sale or for lease
Property Facts
| Total Space Available | 13,057 SF | Gross Leasable Area | 13,057 SF |
| Min. Divisible | 6,000 SF | Year Built | 2004 |
| Property Type | Retail | Parking Ratio | 4.21/1,000 SF |
| Property Subtype | Drug Store |
| Total Space Available | 13,057 SF |
| Min. Divisible | 6,000 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 13,057 SF |
| Year Built | 2004 |
| Parking Ratio | 4.21/1,000 SF |
About the Property
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.
- Pylon Sign
- Drive Thru
