Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are pleased to present this multi-tenant retail property located at 737-753 W Palatine Road in Palatine, Illinois approximately 30 miles from downtown Chicago. The opportunity provides an investor with the ability to acquire a well located, value-add opportunity in an affluent, suburban trade area with multiple upside scenarios. The building has two units and is positioned on three parcels totaling ±0.54 acres with 19 parking spaces. The Property benefits from being at the leading edge of a strong retail node including Subway, Shell, and several local retailers. The Property is zoned B-1, Shopping Center and offers favorable flexible zoning allowing for a variety of commercial uses including retail, professional services, restaurant, drive-thru, and others. The Property is located in Palatine which is a northwestern residential suburb of Chicago. The Property is located at a signalized intersection and offers excellent visibility and exposure with 150’ of frontage on W Palatine Road and 195’ on North Quentin Road with combined ±31,000 vehicles passing the site daily. The Property is in a neighborhood with established residential development, industrial, and retail sites. The Property offers convenient access to the greater area and is ideally positioned ±1-mile from Metra’s Palatine Station, 0.6 miles away from Marion Jordan Elementary School, 1-mile from Inverness Golf Club, ±4-miles from US-90, and ±17-miles from O’Hare International Airport. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2023 population of ±80,230 people and average household income of $132,299 within a 5-mile radius.