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Investment Highlights

  • Open plan with exposed brick walls
  • Lots of natural light
  • Heavy daytime foot traffic

Executive Summary

Don’t miss this outstanding income-producing opportunity! This two-story retail and office building offers approximately 10,800 square feet on a 0.56-acre lot within a B2 zoning district, delivering excellent visibility with traffic counts exceeding 20,000 vehicles per day. The property features strong street presence and a well-balanced mix of retail and office space. Each retail unit is equipped with a private restroom, and tenants pay their own utilities, contributing to efficient operations. The first floor includes four retail units, while the second floor offers seven office suites. The building is nearly fully leased, with only two spaces remaining—ideal for owner occupancy or additional income potential. Fully sprinklered and recently updated, this property represents a true turnkey, low-maintenance investment in a highly desirable commercial corridor. The available office spaces can be customized with flexible build-to-suit options to suit a variety of uses. Surrounded by a dense residential population and benefiting from strong exposure, this asset presents a prime investment opportunity with significant upside potential.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,800 SF
Building Class
B
Year Built/Renovated
1981/2008
Price
$2,073,525 CAD
Price Per SF
$191.99 CAD
Percent Leased
89%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,400 SF
Building FAR
0.44
Lot Size
0.56 AC
Zoning
B2, Palatine - B2
Parking
38 Spaces (3.52 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Signage
  • Storage Space
  • Air Conditioning
  • Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
02-15-102-095-0000
Land Assessment
$108,951 CAD
Improvements Assessment
$174,776 CAD
Total Assessment
$283,727 CAD
  • Listing ID: 40095979

  • Date on Market: 2026-04-09

  • Last Updated:

  • Address: 473 W Northwest Hwy, Palatine, IL 60067

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