855 E Palatine Rd
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855 E Palatine Rd
14,500 SF 100% Leased Office Building Palatine, IL 60074 £556,704 (£38/SF)
EXECUTIVE SUMMARY
Now ideal for multi-family development or continue use as office building. Most of the current tenants in this approximately 93% leased building have been tenants for fourteen years but are month to month or short term remaining on their leases. There are only three units currently vacant and all of the units are all individually metered.
The building features two public bathrooms and a chair lift to the 2nd floor. All but one of the units has its own, private bathroom. There is ample parking with 46 spots in the paved parking lot.
Located just five minutes from the proposed Chicago Bears Stadium and right off I-53 and I-290, this is a prime location for an office building in Palatine.
https://auctions.awproperties.com/product/fully-leased-medical-office-building-in-palatine-il/
The building features two public bathrooms and a chair lift to the 2nd floor. All but one of the units has its own, private bathroom. There is ample parking with 46 spots in the paved parking lot.
Located just five minutes from the proposed Chicago Bears Stadium and right off I-53 and I-290, this is a prime location for an office building in Palatine.
https://auctions.awproperties.com/product/fully-leased-medical-office-building-in-palatine-il/
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
14,500 SF
Building Class
B
Year Built
1971
Price
£556,704
Price Per SF
£38
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
7,083 SF
Building FAR
0.42
Lot Size
0.79 AC
Zoning
R-1
Parking
46 Spaces (3.25 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 02-24-100-008-0000 | Improvements Assessment | £55,119 |
| Land Assessment | £103,189 | Total Assessment | £158,308 |
PROPERTY TAXES
Parcel Number
02-24-100-008-0000
Land Assessment
£103,189
Improvements Assessment
£55,119
Total Assessment
£158,308
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855 E Palatine Rd
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