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805 E Palatine Rd 1,650 SF 100% Leased Office Building Palatine, IL 60074 $493,096 CAD ($298.85 CAD/SF)



Executive Summary
Outstanding opportunity to own a versatile and well-maintained commercial property set on a beautifully landscaped 1/2-acre lot surrounded by mature trees, offering exceptional privacy and a serene setting. Originally built as a single-family home, the property has been rezoned for office use, offering unique character and warmth not often found in commercial spaces. There may be potential to convert the property back to residential use; buyers are advised to verify zoning and permitted uses with the village. The main office building features a functional and flexible layout, including two oversized private offices, a central reception area, and a smaller room ideal for storage or a third private office. A full bathroom and convenient kitchenette-complete with refrigerator, cabinet storage, and space for a microwave and coffee station-add to the property's practicality. Additional highlights include a detached two-car garage and a dedicated parking lot with space for at least six vehicles, plus additional parking as needed. A separate standalone building on the property provides even more flexibility-perfect for a private conference room, additional office space, workshop, or storage. Major mechanical updates have already been completed, with both the furnace and hot water heater replaced within the last two years. Ideally located just over a mile from the proposed future home of the Chicago Bears stadium in Arlington Heights, this property offers strong potential for long-term value and growth. Ideal for a variety of business uses, this property combines functionality, privacy, and room to grow.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,650 SF
Year Built
1944
Price
$493,096 CAD
Price Per SF
$298.85 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,650 SF
Zoning
PUD - Currently zoned PUD. Property was originally SFH and may be able to convert back- verify with village.
Amenities
- Conferencing Facility
- Signage
- Storage Space
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 02-24-100-016-0000 | Improvements Assessment | $21,369 CAD |
| Land Assessment | $22,712 CAD | Total Assessment | $44,081 CAD |
Property Taxes
Parcel Number
02-24-100-016-0000
Land Assessment
$22,712 CAD
Improvements Assessment
$21,369 CAD
Total Assessment
$44,081 CAD
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805 E Palatine Rd
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