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805 E Palatine Road Palatine, IL 60074 Commercial - Office New

New - 4 Hours Ago
  • 805 E Palatine Road , Palatine, IL 60074 Main Photo

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Description

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 Highlights

Property Type: Commercial - Office
Building Description: 1.0 stories
Year Built: 1944

General Information

County: Cook
Listed By:
Legacy Properties, A Sarah Leonard Company, LLC 224-999-9100
MRED MLS
$360,000
Est. $2,287/mo
New to the Market New
SQUARE FEET1,650 MLS#12622051
STATUSNew PROPERTY TYPECommercial - Office

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Ruhl&Ruhl Realtors
563.441.1776

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805 E Palatine Road , Palatine, IL 60074.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $360,000$360,000$360,000
Down Payment $72,000$12,600$90,000
Monthly Mortgage Amount $1,681$2,119$2,188
Taxes $501$501$501
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$158$0
Monthly Estimated Total $2,287$2,883$2,794

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