About This Home

This 0-bedroom, 0-bathroom commercial at 552 E Northwest Highway in Palatine, IL is listed for $850,000. Built in 1956, on a 0.17 acres lot.

Key Features

  • Built in 1956
  • 0.17 acre lot
  • 2 stories

Property Details

2 stories
1956

Amenities

A/C
Listing Description

Incredible income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, two minutes away from former Arlington Park Racecourse. Great Exposure on Northwest Hwy., Close Proximity to IL Rte 53, .Lots of parking- 6 in front and 8 or more in the back.

127' of Frontage along Northwest Hwy. Two completely remodeled apartments. 3 bedroom (apx. 1500 SF) and 2 bedroom (apx. 1200 SF) apartment, both with in-unit laundry, hardwood floors, new kitchens with quartz countertops, new baths, open, contemporary lay-out, and separate utilities..5000 SF of Retail space on first floor.

1stt floor has two separate offices, could be use for offices, warehouse, retail/stores, etc., separate utilities, kitchen with sub-zero refrigerator, restrooms, dock door in a back for deliveries, all newer and remodeled. 2.5 car garage. Building has 5 furnaces, 5 A/C units, 3 water meters, The building is in pristine condition.

One office space is leased to a dental lab. The other office space is leased for an accountant services. Office/ business spaces are responsible for water electric and heat bill. Residential apartments responsible for electric and gas bill. Additional rent info, profit and loss sheet you can find in additional info.

Monthly Cost Estimate

$4,546/mo

20% down · 6.5% · 30 years

Principal$615
Interest$3,683
Insurance$248

Estimates only. Actual payments may vary.

Location

552 E Northwest Highway

Palatine, IL 60074

Property Details

Flooring

TileWood

Construction

Brick

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 552 E Northwest Highway is listed at $850,000. The estimated monthly payment is $4,546 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1956, 0.17 acre lot, 2 stories.

This property is listed by Jolanta Kazimierski.

JK

Jolanta Kazimierski

Agent at Hometown Real Estate

Listed by Hometown Real Estate · Broker phone: (773) 625-1121 · Broker website

MLS# 12773893· Source: Midwest Real Estate Data, LLC· 27 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

552 E Northwest Highway, Palatine, IL 60074

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