Palatine Office for Sale - Schaumburg Area
110 N. Brockway Street offers investors the opportunity to acquire a fully leased, Class A mixed-use property in the heart of Downtown Palatine, Illinois. Constructed in 2005, this purpose-built asset combines retail and office uses within a walkable, transit-oriented environment directly adjacent to the Palatine Metra Station on the Union Pacific Northwest Line. The property spans approximately 37,890 square feet and is anchored by Emmett’s Brewing Co., a long-standing regional destination restaurant, complemented by a diverse roster of financial, legal, and professional service tenants.
The building features brick and steel construction, elevator service, and modern life-safety systems, with approximately 75% of office suites refreshed within the past five years. Current operations reflect a normalized Net Operating Income of $403,516, supported by disciplined expense management and long-duration leases with staggered expirations. Ownership is offering the property at $5,395,000, representing an implied cap rate of approximately 7.48% and a price materially below replacement cost.
With its irreplaceable station-front positioning, embedded rent escalations, and minimal near-term capital requirements, this asset provides durable cash flow and long-term upside potential in a highly desirable northwest suburban market benefiting from strong demographics, sustained public investment, and proximity to Chicago.
Sale Highlights:
• Sale Price: $5,395,000 (7.48% Capitalization Rate)
• Architecturally distinct 37,890 SF Mixed Use Multi-Tenant Building ( Retail & Office) built in 2005
• 100% Occupancy with 2026 Scheduled Net Income of approx. $403,516
• Class A Building with tremendous upside in rents- “Best in Class” Location & Quality
• Proven Track record with Stable Historical occupancy consistently outperforming market
• Property is located approx. 2.5 Miles NW of Proposed Chicago Bears $6 Billion Stadium & redevelopment project
• Long Term Anchor Tenant (Emmett’s Brewing Company & Restaurant) operating since 2005
• Unmatched Downtown Palatine Location with Direct access to Metra Train
• Very Low Capex exposure- (City Owned Parking Lot with building owner parking rights) & 10,000 LSF Roof surface area limits unexpected future capital expenses
• Approx. 75% of the office suites have been refreshed in the prior 3-5 years
• Ideal for 1031 buyers & yield focused investors
• Opportunity for investor to retain current leasing & management company (Chicagoland Commercial RE) for a seamless transition
• Anchored by Long Term leases to Emmett's Restaurant & Micro Brew (17,890 SF) expires December 2034 & Mindcraft Enterprises, LLC Mental Health (4,913 SF) expires Oct 2034.
Some Brokers of Chicagoland Commercial, Inc. have an indirect minority ownership interest in the property.
Information contained herein has been obtained from the owners of the property or from other sources that we deem reliable. We have no
reason to doubt its accuracy, but do not guarantee it
