Contact us: 563.441.1776
Description
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 Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1981
General Information
County: Cook
Listed By:
Mega USA Properties, Inc.
847-947-2478
MRED MLS
MLS ID: 12615492
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473 W Northwest Highway , Palatine, IL 60067.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,500,000 | $1,500,000 | $1,500,000 |
| Down Payment | $52,500 | $0 | $300,000 |
| Monthly Mortgage Amount | $8,949 | $9,310 | $7,291 |
| Taxes | $2088 | $2088 | $2088 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $900 | $0 | $0 |
| Monthly Estimated Total | $12,375 | $11,836 | $9,817 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/10/2026. The listing information on this page last changed on 04/10/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/10/2026 2:00:33 AM EST) or MRED MLS (last updated Fri 04/10/2026 1:56:56 AM EST) or SCWMLS (last updated Thu 04/09/2026 11:54:54 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 04/09/2026 10:15:33 PM EST) or Cedar Rapids MLS (last updated Thu 04/09/2026 10:44:51 PM EST) or NEIRBR MLS (last updated Fri 04/10/2026 1:18:52 AM EST) or ICAAR MLS (last updated Thu 04/09/2026 11:37:47 PM EST) or ECIMLS (last updated Thu 04/09/2026 11:44:26 PM EST) or RMLSA (last updated Fri 04/10/2026 1:11:07 AM EST) or Muscatine MLS (last updated Fri 04/10/2026 1:45:25 AM EST) or No Coast MLS (last updated Fri 04/10/2026 12:44:31 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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